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.