| 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. |
