It’s official—if you’ve got a gas guzzler you’d like to trade in for a newer, more fuel-efficient vehicle, the government will pay you an incentive of up to $4,500. President Obama signed the bill into law Thursday.
Wondering if it’s worth it for you? Our autos experts analyze which models are worth trading in. They’ve broken down everything you need to know on our Consumer Reports Cars blog.
Just beware of scams. As CNN reported, some unscrupulous car dealers are asking for personal and financial information under the guise of “registering” people for the incentive program. There is no need to register.
Toella
05:20:07 PM on Fri Jul 24 2009
Buyer beware: You should do your homework prior to making a car purchase under the 'cash for clunkers' program. Various news outlets have highlighted some scams, both online and at the dealership that you should look out for.
See: http://tinyurl.com/nlv3ed