The program started today. He went to the dealer this morning and called me as soon as he sealed the deal.

 

This is the problem... how bad was that passport on gas? really? 4500 dollars gone from taxpayers pockets? for what? does the cost outweigh the benifit? no..

somone driving an M5 or a Hummer getting 10 miles per gallon will never turn their cars in for $4500 bucks. these are the cars "causing problems"

 

More on CARS:

When Does the CARS Program Begin;
How Will NHTSA Handle Trade-Ins
That Are Made Between July 1 and the
Issuance of the Final Rule?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 23. At that point, NHTSA
will have in place detailed provisions
about establishing eligibility and a
system to ensure the prompt payment of
money for credits used under the CARS
program.
If dealer choose to structure a
transaction before the final rule is
issued, they will bear the risks
associated with later demonstrating that
the transaction meets all of the
specifications of the final rule. The
dealers should also give the credit to the
consumer at the time of such
transaction. The dealer would be
reimbursed by NHTSA later if the dealer
registers and submits documentation
sufficient to demonstrate that the
transaction was an eligible one, that the
traded-in vehicle was properly disposed
of, and that all requirements in the final
rule were met.

 

That passport is a gas guzzler for sure, I think it's rated at 15 MPG. The 4-cylinder Camry is rated at 26 MPG.

 

Cash for clunkers...

LOL these are great post!!