Cash for clunkers programme explained
Green Cars News
JULY 5, 2009
The US appears set to follow the UK’s lead with its own version of the vehicle scrappage scheme known as the Car Allowance Rebate System - or CARS for short. The programme, which has been dubbed ‘cash for clunkers’, was signed into law on June 24 with issuance expected to occur on July 23. Vehicles must be less than 25 years old on the trade-in date. Only purchases or lease of new vehicles qualify.