Back From the Dead
Cash for Clunkers lives on at select dealerships as the 2009 Automotive Stimulus Program
As Consumer Reports notes, it's called the 2009 Automotive Stimulus Program, and it works much the way Clunkers did: Trade-in allowances can be boosted (up to 20 percent over Kelly Blue Book Value, with a max of $4,500) if the new car gets better mileage than the trade-in. Specifically, a new car that gets two miles per gallon more than the trade-in earns the old car a 10 percent premium; five extra miles per gallon earns 20 percent.
The program applies to all types of cars, and unlike the government's Cash for Clunkers deal, the trade-ins won't be crushed. You can check out the dealership association's Web site for details or to find a participating dealer.
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