To many, it will most likely be familiar as the controversial Cash for Clunkers deal. But regardless, Suzuki Motor Corporation is all for it, looking forward to the formal implementation of the Car Allowance Rebate System (CARS).
The new CARS law will provide consumers up to $4,500 when they trade-in their old cars for a new one. The qualifying cars under this new law signed by U.S. President Barack Obama covers cars, mini vans, SUVs and small light-duty trucks that get less than 18 mpg, and large light-duty trucks that get less than 15 mpg city/highway combined.
However there are certain conditions for passenger cars. If the new vehicle is at least four mpg more fuel efficient than the old vehicle, consumers will receive a $3,500 voucher toward a new vehicle. If the new vehicle is at least 10 mpg more fuel efficient than the old vehicle, the voucher is good for $4,500.
For reference purposes, here are the cars that Suzuki detailed as eligible for the new CARS law:
- All SX4 Crossover models
- All SX4 Sedan models
- All Grand Vitara models
- All XL7 models
- All Equator models (4-cyl and 6-cyl)
(Source) Press
Tags: Barack Obama, car allowance, consumers, Crossover, Grand Vitara, mini vans, models, MPG, new cars, passenger cars, rebate system, Suzuki, suzuki motor corporation, voucher
1 user responded in this post
[...] is something that should be related to the ongoing issue regarding car rebates and the cash for clunkers program. But unlike those programs, this is something that will not give [...]