Cash-for-clunkers

Looking for a way to make some extra money? How about $4,500 extra? Well, Cash-for-clunkers, formerly known as Car Allowance Rebate System, could earn you a pretty penny when you trade in your old gas guzzler for something a bit more fuel efficient and eco-friendly.
Cash-for-clunkers was approved bank on June 1st, but will not actually go into effect until “on or around” July 24th. So, for now the details are a bit sketchy, but keep an eye on this one if you’re drowning in debt and looking to make a change regarding your transportation.

Preliminary rules saying clunkers must be less than 25 years old and get 18 miles per gallon or less in combined city/highway mileage also have hurt.—Wall Street Journal

If you’re driving a car that gets less than 18 miles per gallon, you are spending a ridiculous amount in gas money every month and should definitely get rid of that car. Cash-for-clunkers is a great incentive to get something that will not only save you money on gas in the long run, but will help the environment.

Cash-for-clunkers is being devoured by local car dealerships, hoping to cash in on the consumer incentives with higher car sales this year, but the reception has been limited. Consumers are leery of whether there car will actually qualify as a clunker.

If you’re drowning in debt, however, like most Americans during this recession, Cash-for-clunkers might be a great option for you. With a $4,500 incentive, purchasing a new and more fuel efficient car is easier than ever.

For more information on how to save money, visit http://www.thediscountprogram.com.