It’s one step closer to happening! Getting a new car based on a trade in might actually happen. It hasn’t passed the House yet (much less the Senate) but the leadership of both parties agree on doing it.
From House Reaches a Deal on ‘Cash for Clunkers’ Program:
Under the House plan, a car trade-in that improves fuel efficiency by at least 10 miles per gallon would qualify for a $4,500 voucher, as would the trade-in of a small truck that improves efficiency by 5 miles per gallon. The new vehicle must have a minimum fuel efficiency rating of 22 miles per gallon for cars and 18 miles per gallon for small trucks.
Pete Ware 