How to get Cashfor Clunkers
It sounds too good to be true, but you can hand in your old car and receive a credit, thanks to the government. If only they'd now find a way to motivate us to get rid of our love handles. Here is some basic information and tips that you need to know if you wish to participate in the clunker deal while it still lasts.First, you should know if you qualify. Your car must have an estimated 18 mpg or lower rating from the EPA. Your car must be newer than 1984 and you must have the title when trading it in. Sorry, old cars sitting on lawns may not qualify as the car must have been insured continually in the last year by you.Think you qualify? Well there is one more thing to keep in mind...can you part with your old friend? Also, is the $3,500 through $4,500 credit worth it for your situation? Don't get stuck with car payments you can't afford simply to take advantage of the cash for clunkers program.
Do not be shy with the dealer or accept any manipulation. You are not receiving a handout, but improving the environment. Do not let dealers hassle you by throwing the rebate in your face. If they tell you what a good deal it is after the clunker rebate for your qualifying used car, then keep in mind that they are receiving a check and it is not a gift by them. Try to negotiate is if the rebate does not exist, since they are getting their money regardless. Is the final price actually good, or just good since you are not paying the whole thing. That is not to say that you should hold back on telling them you have a clunker to trade. Holding back might make you seem shady, causing it to backfire.
Finally, be prepared when going in by knowing how much to expect to receive. Qualifying cars receive $3,500 but if the new qualifying car is an improvement of 10 mpg or more from your clunker, then you can get $4,500. If you are buying a truck, then you only need to improve 5 mpg or more for the larger credit.
As always, be aware of scams and the Federal Trade Commission is warning consumers to be on the lookout for any cash for clunker websites that want your information. If you feel you have been scammed, then you can report it to FTC.com.
