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namvet
08-02-2009, 11:14 AM
'Cash for Clunkers' 101: What You Need to Know


No Top Models Allowed

As one of 86 models now eligible under the program under a reclassification of miles per gallon figures, a 1987 Porsche 911 could net you up to $4,500 under the program. But don't go heading to a Lexus dealership just yet to buy the 2009 LS shown here that starts at $63,825. The "new" vehicle, whether foreign or domestic, must not be a used car and must have a suggested retail price of not more than $45,000. The new ride must also meet minimum fuel economy levels, including at least 22 miles per gallon for passenger cars and at least 18 MPG for category 1 trucks. For a complete list of vehicles eligible for purchase under the CARS program, visit www.fueleconomy.gov. And one more bit of fine print: If you happened to purchase a new vehicle before July 1, just three weeks prior to the start of the program, you're not eligible for the government credit.



101 (101)

to me 18/22 MPG is a gas hog