It looks like Cash-for-Clunkers has passed. I could get $4,500. The way it’s supposed to work is you give your old car to the dealer and the dealer discounts the price of the car. I think the car is supposed to be junked so it’s not clear there’s any trade in value.
Here are some notes:
In a nutshell, your vehicle qualifies for trade-in credit if:
- It is at most 25 years old.
- It gets 18 miles a gallon or less.
- It is drivable.
- It is registered.
- It has been insured for the past year.
You can find out what gas mileage your car or truck should get here.
I’m not sure my car qualifies! According to the web site my car gets 19mph! I don’t believe it!