Cash for Clunkers qualifying cars must be at least 8 years old and have at least 18 miles per gallon fuel rate. This new stimulus package passed by congress will pay you amounts up to $5000 dollars for your old clunkers that run, or maybe not even that. Who cares what condition your car is in if you can get your hands on some cold, hard cash for it? Cash For Cars Sydney
The purpose of this plan is to rid the country of old automobiles that pollute the environment with detrimental chemicals. The minimum that you’ll receive is around $3500, granted your Cash for Clunkers qualifying cars are 8 years old and have an MPG of 18 or less. The trade in vehicle will be destroyed after trade in, and it will not be resold.Unfortunately, there’s only one discount per person, but family members can cash in with separate clunkers.Trucks and SUVs have separate rules. For light trucks, SUVs, and minivans, the improved MPG must be 2 for a $3500 credit, and for an improvement of 5 MPG, you’ll get a $4500 credit. The new, qualified truck or SUV must have at least 18 MPG.So what kind of vehicle can you buy? The new vehicle has to have a MSRP of under $45,000.00; if you lease a vehicle, then you must lease it for 5 years or more.