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Showing posts with label Government. Show all posts
Showing posts with label Government. Show all posts
Thursday, February 18, 2010
Tuesday, July 28, 2009
Fuel-Efficient Saturn Models included in Cash for Clunkers Law
The Car Allowance Rebate Program – more commonly known as the "Cash for Clunkers" law – goes into effect today.We already told you a little bit about the law, which gives vehicle owners a rebate of $3,500 to $4,500 for trading in their current cars for new, more fuel-efficient ones.ImSaturn members will be happy to know that five Saturn models are among the new cars included in the program. To make it easy, Saturn has created a summary of the models and configurations that are eligible under the program. It also includes a guide to help you calculate your rebate based on your trade-in vehicle and the Saturn model you select as its replacement.The National Highway Transportation and Safety Administration has more information on the program at its web site. You can also get more information at www.cashforclunkerscarolinas.com
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Tuesday, June 23, 2009
Government Launches ‘Cash-for-Clunkers’ Website
Government Launches ‘Cash-for-Clunkers’ Website
by Joshua Duval
After passing through both chambers in Congress, the cash-for-clunkers legislation was attached to a war-time spending bill and signed into law by President Barack Obama last Thursday. The government has appropriated $1 billion to the program, enough to replace about 250,000 clunkers with new vehicles.The website for the program, located at www.cars.gov, has been dubbed the “Car Allowance Rebate System.” It provides general information and links relevant to the program, but is short on specifics. A generalized flow chart of how the program will work confirms that the program will run through dealers, and implies that payments will be made directly to dealers. The diagram also says dealers will have to wait about ten days for NHTSA to approve transactions and issue the financial credit.The site also contains a link to the government’s fuel economy rating site, and a copy of the actual legislation that created the program.Analysts have been skeptical about how effective the program will be. Funding for the program was dramatically reduced, from an envisioned $4 billion (enough for about 1 million rebates) to one-fourth of that, and the current delay in finalizing the program’s details means it won’t take advantage of the typical summer buying rush. In addition, many believe the owners of cars that qualify for the program won’t be able to afford to buy new cars – even with the available $4500 rebate.
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by Joshua Duval
After passing through both chambers in Congress, the cash-for-clunkers legislation was attached to a war-time spending bill and signed into law by President Barack Obama last Thursday. The government has appropriated $1 billion to the program, enough to replace about 250,000 clunkers with new vehicles.The website for the program, located at www.cars.gov, has been dubbed the “Car Allowance Rebate System.” It provides general information and links relevant to the program, but is short on specifics. A generalized flow chart of how the program will work confirms that the program will run through dealers, and implies that payments will be made directly to dealers. The diagram also says dealers will have to wait about ten days for NHTSA to approve transactions and issue the financial credit.The site also contains a link to the government’s fuel economy rating site, and a copy of the actual legislation that created the program.Analysts have been skeptical about how effective the program will be. Funding for the program was dramatically reduced, from an envisioned $4 billion (enough for about 1 million rebates) to one-fourth of that, and the current delay in finalizing the program’s details means it won’t take advantage of the typical summer buying rush. In addition, many believe the owners of cars that qualify for the program won’t be able to afford to buy new cars – even with the available $4500 rebate.
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