The web is ablaze with word of the Cash for Clunkers program that recently passed in the US Congress. Theres a whole lot of info out there, some of it confusing, some amusing and some simply overwhelming! You know I wont win any Pulitzers but I'll try to give you all the basics. Neatly tucked into a military spending bill is a $1 billion dollar spending program aimed at getting older, less fuel efficient cars off the road and thus helping stimulate new auto sales at the same time. The Consumer Assistance Recycle and Save Act of 2009 (CARS), more commonly known as the Cash for Clunkers program allows consumers with qualifying vehicles to receive a voucher for up to $4,500.00 when they trade in their clunker for a new car, truck or SUV. So, that '92 Camaro in the driveway that runs and is still registered may just get you a real nice down payment, just know that its going to be completely scrapped! The rules and guidelines are many and in fact, the government hasnt even told us as dealers how to register for the program yet but here are a few highlights.
What is a "Clunker"? Qualifying vehicles, 'clunkers', are drivable vehicles manufactured within the last 25 years that have been registered and insured for at least one year prior to the trade in date. In straight talk, no junk yard beaters or used car 'flips' will be allowed. Vehicles must have mileage ratings of no more than 18 MPG as per FuelEconomy.gov and yes, it will be verified!
How much will I get? That is depends on what you purchase...
Passenger Cars: New passenger cars will qualify under the program only if they have a fuel economy of at least 22 MPG. If the new model gets four more miles to the gallon than the old car, you qualify for the $3,500 credit. With a 10 MPG improvement or more, you can qualify for a $4,500 credit.
Trucks and SUVs: For light trucks, SUVs and minivans, the new vehicle has to get at least 18 MPG and can offer as little as a 2 MPG improvement over the old one to qualify for $3,500. With a minimum 5 MPG improvement, you can qualify for $4,500.
What type of vehicle can I buy to be eligible? A new previously unregistered vehicle that has an MSRP of under $45,000.00 and if leasing the lease term must be at least 5 years.
Of course there are a ton of websites with more info however please be careful, there are already scam sites that are misleading folks and costing people money. The Nissan Guy suggests you check out the CARS.gov site, it is the governments own site after all and believe it or not they break it down fairly simply, heck even I understood it! So grab the keys to the ole Camaro and I will see you soon!
Riverside, CA 6/25/2009:
Raceway Nissan is excited to announce the arrival of an incredible local talent! We are please to let everyone know that Michael Correra, the #1 Nissan Guy, has just come aboard as our new Fleet Sales Director. He brings with him over 22 years of auto experience that began as a mechanic and includes all levels of management. We anticipate great things from Mike and his staff and look forward with anticipation to his success here with us. Join us in wishing Mike all the best as we build our team and begin a new day here at Raceway!
Alright, alright..... I wrote that! ;)
To continue the highlight of the latest in gadgetry and technology Nissan has turned to Twitter to announce the coming launch of its EV-II, electric passenger vehicle. Nissan recently received 1.6 billion of the 8 billion in recovery dollars to develop fuel efficient and environmentally friendly transportation to meet President Obama's 2015 goal of 1 million plug in hybrids on the road. Nissan's EV Twitter reported that they will be launching the all new EV-02 here in the States on August 2nd, stay tuned... The folks over at egmCarTech got to drive the all elecctric Nissan Cube recently and you can check out their thoughts over here.
The great folks over at egmCarTech online have the fun of driving around a new Nissan Cube, yes the one I want(!), for a week and are using all todays hip stuff to let everyone know how the week goes. They will be 'tweeting' all week live so if your thinking bout a Cube for your self, like I am(!), you can follow along here. The first few tweets and more info can be found over here. I wont be able to stay online and follow them as I am off to the local Nissan dealer to look at one in person!
Hey there, I'm Mike theCarGuy and here are some of my thoughts about cars, the car business and sales! Take a look around, maybe you will learn something or at the very least find your self smiling, and if you do... leave me a comment so I know I at least did something right! Thanks for stoppin by...
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