SAN ANTONIO - The much-anticipated “Cash for Clunkers” program has launched. The program allows you to trade in your old car and get $4500 dollars towards the purchase of a new, more fuel-efficient vehicle.
The program is designed to cut the number of gas guzzlers on the road and boost auto sales. The program will last through November.
To take advantage, your car must meet the following requirements…
- It must have a fuel economy of 18 miles per gallon.
- Be in drivable condition with proof you owned it at least one year.
- The new car must be more fuel efficient than the clunker - by at least four miles per gallon for cars and two miles per gallon for SUVS.
If you use this program, your old car will not be resold. It will be scrapped and crushed.
To find out more about the program, go to cars.gov or call 1-866-CAR-7891.
Now, there are scammers out there trying to take advantage of this program. The government is warning consumers to be wary of unofficial "cash for clunkers" Websites that seek personal information or direct consumers to pre-register for the program. The National Highway Traffic Safety Administration says dealers and consumers do not need to pre-register for the program.
