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    What is the cash for clunkers program about? Really simply for my simple brain please?

    Question #107958. Asked by Smokey. (Aug 13 09 3:29 PM)


    rb6359

    		It is a program in the US that allows car-owners to trade in old, fuel-inefficent vehicles for new, fuel-efficient models.

    The owners get up to $4500(US) towards the cost of the new vehicle.

    It was designed to get more fuel-efficent vehicles on the road whilst stimulating the economy.

    http://news.smh.com.au/breaking-news-business/us-senate-votes-for-cash-for-clunkers-20090809-edrx.html

    Aug 13 09, 3:41 PM
    zbeckabee

    		Additionally, the official site is:

    http://www.cars.gov/

    The Car Allowance Rebate System (CARS), colloquially known as "Cash for Clunkers," is a U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel efficient vehicle when trading in a less fuel efficient vehicle.

    http://en.wikipedia.org/wiki/Cash_for_clunkers

    Aug 13 09, 6:33 PM

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