As your Oklahoma Auto Dealer we are excited to let you know that there is still time to take advantage of the Cash For Clunkers program.

Perhaps one of the most successful programs to come from the stimulus package was recently extended. With an infusion of an extra $2 billion for the program car buyers and dealers have some breathing room to work with. The Cash For Clunkers program allows consumers to trade in their less than fuel efficient vehicle for a brand new fuel efficient vehicle, receiving up to $4500 for their old clunker.

The initial $1 billion set aside for the program ran out in a matter of days but thanks to fast acting Congressional members from both the House and Senate (both sides of the aisle I might add) the Cash For Clunkers program will continue to run.

President Obama signed into law a program the National Highway Traffic Safety Administration (NHTSA) is calling the Car Allowance Rebate System (CARS). This is a federal program that helps you purchase a new, more fuel efficient vehicle when you trade in a less fuel efficient vehicle. See the Frequently Asked Questions for more details.

While the CARS Act makes transactions on and after July 1 potentially eligible for credits under the CARS program, interested dealers and consumers may want to wait until all of the detailed issues that must be addressed in the implementing regulations are resolved and the final rule is issued. Issuance will occur around July 24. See Program Rollout

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