C.A.R.S. Additional Scrap Value?

[Big Panda]

This was posted on another forum I visit from time to time and is supposedly an excerpt from the program rules......

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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
You don't need a voucher, dealers will apply a credit at purchase
Program runs through Nov 1, 2009 or when the funds are exhausted, whichever comes first.
The vehicle that you are trading in is required to be destroyed. The law requires the dealer to disclose to you an estimate of the scrap value of your trade-in vehicle. The scrap value, however minimal, will be in addition to the rebate, and not in place of the rebate.


Anyone that has participated in this program get an additional credit for the scrap?

[jetfuel]

..yep..

jetfuel

[tvengineer]

Apparently MANY people have used this program

Originally Posted by Big Panda

This was posted on another forum I visit from time to time and is supposedly an excerpt from the program rules......

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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
You don't need a voucher, dealers will apply a credit at purchase
Program runs through Nov 1, 2009 or when the funds are exhausted, whichever comes first.
The vehicle that you are trading in is required to be destroyed. The law requires the dealer to disclose to you an estimate of the scrap value of your trade-in vehicle. The scrap value, however minimal, will be in addition to the rebate, and not in place of the rebate.


Anyone that has participated in this program get an additional credit for the scrap?

[Big Panda]

I'm sure that many have used the "Cash for Clunkers", but I didn't realize there was an additional 'credit' given the buyer for the 'scrap value' of their trade.

[jetfuel]

..yes BP...as the program changed from day to day many buyers didn't get the credit for the scrap value either because they didn't know or the dealer didn't tell or so says the news...
..SCI did it right for us and for that and thankful

jetfuel

[sandalscout]

yep, I too got my credit, but it's not much. I think most dealers had an agreement prearranged, as mine did. They get $150 for the car, and then they can keep $50 for a processing fee. So, I got $4600 for my Jeep. That's close to $4300 more than it's trade in value. I'm not going to complain.