2009 U.S. New Car Stimulus – Government Vouchers

Obama 3500 or 4500 Vehicle Purchase Incentives for New Automobiles

Jul 14, 2009 Lena Gott

Learn how to get $3,500 or $4,500 government vouchers for clunkers. Trade an old automobile & make a 2009 vehicle purchase to receive an Obama new car stimulus incentive.

Recent economic stimulus measures in the United States include federal government vouchers for new vehicles. For a limited time, Americans can qualify for $3,500 or $4,500 vehicle purchase incentives on certain new automobiles purchased in 2009.

In order to get a $3,500 or $4,500 government voucher, an individual must trade in a qualifying “clunker” and upgrade to a vehicle with better gas mileage (according to certain government standards). See below for the basics of the Cash for Clunkers program.

Car Allowance Rebate System – How to Get $3,500 or $4,500 for Old Clunkers

According to the cars.gov website (CARS stands for Car Allowance Rebate System), a consumer should follow several steps in order to receive a $3,500 or $4,500 incentive towards a new car purchase under the Cash for Clunkers program. Car owners should perform the following due diligence:

  1. Research requirements on cars.gov to verify personal eligibility.
  2. Shop for a new car that meets the clunkers program requirements.
  3. Provide a title, registration, and insurance papers for the trade-in to the dealer upon purchase. These must prove that the vehicle was registered and insured continuously for a full year prior to the date of the new car purchase.
  4. Upon verification of the preceding information, receive a $3,500 or $4,500 credit (equivalent to cash down) toward the purchase of a qualifying new vehicle.

U.S. Dealer Responsibility Under New Car Stimulus Program

The participating car dealer is charged with submitting the appropriate information to the National Highway Traffic Safety Administration (NHTSA) in order to get reimbursed for the $3,500 or $4,500 credit to the car purchaser.

Because there is a lead time between dealers submitting information for validation and subsequent reimbursement by the NHTSA, it is possible that dealers will issue credits before the NHTSA verifies the consumer is actually qualified for the program. Assuming this is the case, consumers should expect dealers to be very strict with requiring valid registration and insurance information before executing a deal.

3500 or 4500 Government Auto Vouchers Information on cars.gov

The National Highway Traffic Safety Administration has 30 days from the date of enactment to provide complete guidance to the American people regarding the CARS Act. Since President Barack Obama signed the bill on June 24, 2009, consumers should expect complete information on or before July 24, 2009. The official website for such information is cars.gov.

2009 Vehicle Purchases – Researching Federal Automobile Incentives for Trade-Ins

Until more information is published by the government on cars.gov, individuals interested in taking advantage of this program can begin researching details. First, individuals should review fuel efficiency guidelines for trade-ins on cars.gov, then determine if their trade-in qualifies by searching for the combined miles per gallon on fueleconomy.gov. If the vehicle qualifies for trade in, they should then search for vehicles that get enough miles per gallon above the trade in to qualify for the $3,500 or $4,500 voucher (see the required miles per gallon improvements discussed at the "clunkers program requirements" link above).

In conjunction with this search, individuals should check the availability of manufacturer incentives. These incentives may impact the attractiveness of one car choice over another because those incentives are to be applied above and beyond any voucher amount.

Resources:

Consumer Assistance to Recycle and Save Act of 2009

Car Allowance Rebate System website, cars.gov

Related articles:

Government Car Rebate & $3,500 or $4,500 Voucher – Learn about the interplay between vehicle tax rebates and $3,500 or $4,500 vouchers from the United States government.

Cash for Clunkers Rules – Obama New Car Stimulus – Read over ten important CARS rules pursuant to this limited time federal government stimulus incentive program.

The copyright of the article 2009 U.S. New Car Stimulus – Government Vouchers in American Affairs is owned by Lena Gott. Permission to republish 2009 U.S. New Car Stimulus – Government Vouchers in print or online must be granted by the author in writing.
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Jul 22, 2009 4:46 PM
Lena Gott :
For more information about this topic, visit my complete article list here (copy and paste this URL into your browser): http://www.suite101.com/writer_articles.cfm/lilacgirl77
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