Car Allowance Rebate System (CARS) Program Final Rule Released

by Sabrina I. Pacifici on July 26, 2009

“NHTSA has released the final rule for the Car Allowance Rebate System, the $1 billion Federal program that will help consumers purchase a new, more fuel-efficient vehicle when they trade in a less fuel-efficient vehicle. Consumers could receive a $3,500 or $4,500 discount from the car dealer when they trade in their old vehicle and purchase or lease a new one. CARS will run until Nov. 1, or until the funds are depleted.”

  • “The CAR Allowance Rebate System (CARS) is a $1 billion government program that helps consumers buy or lease a more environmentally-friendly vehicle from a participating dealer when they trade in a less fuel-efficient car or truck. The program is designed to energize the economy; boost auto sales and put safer, cleaner and more fuel-efficient vehicles on the nation’s roadways. Consumers will be able to take advantage of this program and receive a $3,500 or $4,500 discount from the car dealer when they trade in their old vehicle and purchase or lease a new one. Consumers you do not need to register anywhere or at anytime for this program. However, to find out eligibility requirements click here.”
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