Much has been said about the celebrated Cash for Clunkers program and now, there is one company that has officially announces entertaining customers who wish to avail of such a program. Hyundai, known to be among the first in business and a lot of unique programs to entice sales breaks the ice as being the first official company to entertain customers who will avail of the Car Allowance Rebate System (CARS).
In fact there was already a first customer. Katherine Michon of Arlington, Virginia was the first to trade-in an eligible clunker for a new Hyundai, replacing her 15 mile-per-gallon 1995 Ford Explorer with a 26 mile-per-gallon Hyundai Elantra Touring, at Alexandria Hyundai in Alexandria, Virginia.
Hyundai buyers will receive the full rebate allocated under the CARS program (also known as “cash for clunkers”) when an eligible trade-in is exchanged for a qualifying Hyundai model. Hyundai is the first automaker to extend the government incentive to consumers, accelerating its implementation by several weeks by backing dealerships with short-term cash advances as the government organizes the rollout of the program industry-wide.
(Source) Press
Tags: 1995 ford explorer, alexandria virginia, arlington virginia, automaker, car allowance, cash advances, clunker, consumers, doors, ford explorer, government incentive, hyundai elantra, implementation, mile per gallon, new hyundai, rebate system, rollout
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[...] Hyundai was the first one to honor the cash for clunkers program and it looks like the gamble is paying off. Out of all the cars that were preferred by car buyers after the trade-in, Hyundai Elantra stood tall. The Elantra topped the likes of other cars such as Ford and Dodge. Hyundai accounted for 41% while Ford 32%. [...]
2 users responded in this post
[...] Hyundai Opens Doors for Cash For Clunker Customers [...]