Archive for the ‘Njection’ Category
With the Cash for Clunkers program now called CARS (Cash Allowance Rebate System) nearing its launch, new car shoppers will soon have the opportunity to receive a $3,500 or $4,500 voucher towards the purchase or lease of a new vehicle if their trade-in vehicle meets specific program criteria (see list below). This government-funded program is meant to incentivize car shoppers to purchase or lease a new and more fuel efficient vehicle when they trade in a less fuel efficient vehicle.
To make this program easier and better understood by the consumer, AutoTrader.com and NADAguides.com have collaborated on a website tool located on both sites that allows car shoppers to enter their used "clunker" to not only see if it qualifies, but to see a large list of qualifying new vehicles and voucher amounts that may be applied towards the purchase. The trade-in vouchers range from $3,500 to $4,500 depending on the type of vehicle purchased and the difference in fuel economy (mpg) between the purchased vehicle and the trade-in vehicle.
"The Car Allowance Rebate System will work to not only get high polluting vehicles off the road, but will also help stimulate new vehicle sales. This is a win-win for consumers and auto dealers by helping car shoppers with new vehicle purchases," said Michael Caudill, automotive expert, NADAguides.com. "This is a great break for consumers who are either in the market for or considering the purchase of a new vehicle."
What are the trade-in qualifications needed to receive the voucher?
- Your vehicle must be less than 25 years old on the trade-in date
- Only purchase or lease of new vehicles qualify
- Generally, trade-in vehicles must get 18 or less MPG (some very large pick-up trucks and cargo vans have different requirements)
- Trade-in vehicles must be registered and insured continuously for the full year preceding the trade-in
- Dealers must register to be a part of the program. Consumers should ask this of dealers
- You don't need a voucher, dealers will apply a credit at purchase
- Program runs through Nov. 1, 2009 or when the government funds are exhausted, whichever comes first
- The vehicle that you are trading in is required to be destroyed. Therefore, the value you negotiate with the dealer for your trade in is not likely to exceed its scrap value. The law requires the dealer to disclose to you an estimate of the scrap value of your trade-in vehicle.
To find out if your vehicle qualifies and to view a list of qualifying vehicles and associated voucher amounts, visit the CARS tool at NADAguides.com or AutoTrader.com.
For the third month in a row, Ford Motor Co. outsold the Japanese juggernaut in the United States, still a crucial and rich market amid this nagging recession. In June alone, the Dearborn automaker reported an 11 percent year-over-year decline in monthly sales to 148,153 cars and trucks, compared to Toyota's 34.6 percent slide to 131,654 vehicles.
And this: General Motors Corp. — beleaguered and bankrupt, its dealer body jittery and brand image suspect, its only willing lender the Treasury — so far this year has outsold Toyota 947,518 to 770,449, according to Autodata Corp. Partly evidence of Toyota's strong presence in, and dependence on, the imploding California market?
Yes, but what else?
For the first three months of the year, Toyota lost more money than Ford and even GM. Since then, the Japanese automaker has replaced its president with a scion of the founding family, 53-year-old Akio Toyoda, who promises a "back to basics" push for the industry's richest automaker even as more troubles emerged in the first weeks of his new assignment.
Stuntman Steve Truglia has entered the realm of awesomeness by completing the World’s largest loop-the-loop. The stunt that required great precision was completed with the help of a Cambridge physicist, and the feat done at Suffolk airbase. The maneuver was done for the TV show Fifth Gear, and will be aired this Saturday. He completed the 40-feet loop in a Toyota, and entered the record books.
Via: DailyMail
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