Thursday, August 6, 2009

Cash for Clunkers

The Sierra Club has launched an online guide to help people interested in taking advantage of the "Cash for Clunkers Program." Or I should say CARS.gov, Car Allowance Rebate System, which is the official name. But 'Cash for Clunkers' sounds so much better doesn't it?

This sounds like a win-win, get old gas guzzlers off the roads by giving people a rebate so they can afford to buy a new, more fuel efficient vehicle. And to my surprise the old vehicles will be crushed and recycled, not resold. You get the rebate, as much as $4500, and if you're clever you'll also negotiate with your dealer for the scrap value of your old car.

Check out Sierra Club's recommendations for that new car. They'll show you how much you'll save each year on fuel.

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