| Eligible Trade In
Vehicle “Clunker” |
New vehicle requirements
for $3,500 credit |
New vehicle requirements
for $4,500 credit |
Effective Dates and
Limitations |
Scrappage Requirements/
Trade In Value of Old Vehicle |
Car, light truck, or
large light duty truck:
• With combined (hwy/city average) fuel economy of 18mpg or
less, which can be found by visiting www.fueleconomy.gov
• Manufactured less than 25years since the date of the
trade-in. OR Category 3 Work Truck
• An 8,500 to 10,000 lb GVW work truck model year 2001or
older.
Ownership Requirements
• Is in drivable condition.
• Continuously insured consistent with applicable State law.
AND
• Registered to the same owner for a period of not less than 1
year immediately prior to such trade-in.
|
New Passenger Car:
Must achieve a combined (highway/city) fuel economy improvement ofat
least 4 mpg (minimum of 22 mpg) above the trade-in.
New Light Duty Truck:
Must achieve a combined (highway/city) fuel economy improvement of at
least 2 mpg (minimum of 18 mpg) above the trade-in.
New Large Light Duty
Truck (6,000-8,500 lbs GVW):
Must achieve a combined (highway/city) fuel economy improvement of at
least 1 mpg (minimum of 15 mpg) above the trade-in.
Category 3 Work
Trucks(8,500-10,000 lbs GVW): No fuel economy requirement. Vehicle must
be model year 2001 or older.
|
New Passenger Car: Must
achieve a combined (highway/city) fuel economy improvement of at least
10 mpg (minimum of 22 mpg) above the trade-in.
New Light Duty Truck:
Must achieve a combined (highway/city) fuel economy improvement of at
least 5 mpg (minimum of 18 mpg) above the trade-in.
New Large Light Duty
Truck (6,000-8,500 lbs GVW): must achieve a combined (highway/city)
fuel economy improvement of at least 5 mpg (minimum of 15 mpg) above
trade-in.
No $4,500 work truck
voucher
|
Effective July 2009
through November 1, 2009 **The National Highway Traffic Safety
Administration (NHTSA) must finalize detailed rules and create an
online system for dealers to complete these transactions. NHTSA has to
complete the final rule 30 days after the bill becomes law.
No customer income
limitations under this program.
New vehicle must be
$45,000 MSRP or less.
• Limit 1
voucher per customer.• Not more than 1 voucher maybe issued
for the joint registered owners of a single eligible trade-in
vehicle.• Excludes leases less than 60 months.
|
Dealer must certify the
oldv ehicle will not be resold for reuse as an automobile or truck in
the United States or any other country.
• Dealer must
transfer the old vehicle to an entity that will ensure the vehicle is
crushed, shredded, and not returned to road use.
These are the general
guidelines as written in the bill. NHTSA must finalize specific rules
for this process, which will be sent to dealers as soon as it is
complete.
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