Important Things to Know About the CARS Program (Cash for Clunkers)

• The CARS program begins on July 1, 2009, and will end on November 1, 2009, or when the funding set aside for it has been spent, whichever comes first. However, guidelines and processes will not be finalized by NHTSA until approximately July 23, 2009

• The trade-in vehicles are not allowed to be resold by the dealer. They must disposed of in a manner that ensures they will never be driven again (i.e., crushed or shredded). However, parts from the vehicles, other than the engine block or drivetrain, may be sold prior to disposal

Trade-In Vehicle Eligibility
• Must be in driveable condition
• Must be less than 25 years old on the trade-in date (built in 1984 or later)
• Must have a combined city/highway rating by the EPA of 18 mpg or less. This rating can be found by visiting the http://www.fueleconomy.gov/ web site
• Must be continuously registered and insured to the same owner for at least the full year preceding the trade-in New Vehicle Eligibility
• Only the purchase or lease of new vehicles (model years 2008, 2009 and 2010) qualifies
• The new vehicle is required to have a minimum combined EPA rating of 22 mpg (cars) or 18 mpg (light-duty trucks)
• The new vehicle must have a Manufacturer’s Suggested Retail Price (M.S.R.P.) of less than $45,000
• There are two tiers of credit based upon the degree of improvement in combined city/highway mpg rating from the trade-in to the new vehicle

• The new vehicle credit provided under this program must be used in addition to any other offers currently available from the manufacturer and/or the retailer. The retailer may not use the credit to offset any rebates, discounts, etc.
• The CARS credit can also be used in combination with the hybrid tax credit, which allows consumers to claim a federal income tax credit of $1,550 if they purchase a 2008/2009 VUE or 2009 AURA, or $1,300 if they purchase a 2008 AURA. See http://www.fueleconomy.gov/ for details

Crediting the Customer & Retailer Reimbursement
• Customers do not need a voucher to receive the CARS credit for their eligible purchase
• Retailers should apply the appropriate credit amount at the time of purchase
• Retailers must then apply for reimbursement from NHTSA by submitting sufficient documentation to demonstrate that the transaction was eligible, the trade-in vehicle was disposed of and that all requirements of the final rules were met
• It is anticipated that the Retailer will receive the NHTSA reimbursement, via electronic transfer, within approximately 10 days of the request submission — assuming all program requirements have been met.

See if you car qualifies by visitin one of our web sites http://www.saturnofasheville.com/, http://www.saturnofgreenvillesc.com/, and http://www.saturnofspartanburg.com/ click on the GM CARS blue logo on the bottom left of the page.