Posted: Monday, 27 July 2009 2:22PM Local Car Dealer Explains 'Cash 4 Clunkers' Program
by KYW's Nancy Griffin
There's a new government incentive to help car owners say "out with the old and in with the new."
Ross Polinow (at right), general manager at a southwest Philadelphia dealership, says the rebate system is meant to boost auto sales while scrapping inefficient vehicles. 
"It's a new program from the government. It's meant to stimulate the economy and the automobile business, but it's also going to get some clunkers off the road. It's going to take some cars off the road that produce more emissions and get poor gas mileage and allow people to buy a car and get something that gets better gas mileage."
Qualifying cars must be 1984 models or newer, be drivable, insured, and licensed for at least year.
"It's going to allow people to trade a car in that might be worth a few hundred dollars and you're going to get anywhere from $3,500 to $4,500 dollars for the vehicle if it qualifies for the program."
Griffin: "So you're not getting a brand new Ferrari with the deal?"
"Maximum limit is $45,000 on a purchase price."
For more information, visit www.cars.gov
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