Trade your Gas Guzzler and Get up to $4,500
[SinglePic not found]An energy bill currently making its way through congress includes a “Cash for Clunkers” program that will essentially pay you up to $4,500 to get a “greener” vehicle.
The way it currently reads is if your new car got 4 to 9 miles per gallon more than the old one, going by EPA ratings at www.fueleconomy.gov, the payment would be $3,500. If the new car got at least 10 mpg more, the vehicle owner would get $4,500. For light trucks, the mileage gain would have to be at least 2 mpg for the $3,500 payment and 5 mpg for the $4,500.
Keep in mind that this is in-addition to the auto tax credit that will allow you to deduct the entire sales tax you pay while purchasing your new vehicle. (There are some limitations – see our previous post by Clicking Here)
As of today – this bill has gained House approval and is waiting approval in the Senate. Keep in mind that by the time approval will come – the entire outline of the proposal may be rewritten, or even dropped completly. I will keep you updated so please check back soon.
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cash for clunkers, gas guzzler bill, obama energy bill, obama gas guzzler, obama vehicle
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