CarBuyersNoteBook » rollout http://www.carbuyersnotebook.com A Car Buyers NoteBook Sat, 20 Mar 2010 03:08:53 +0000 http://wordpress.org/?v=2.8.4 hourly 1 Hyundai Opens Doors for Cash For Clunker Customers http://www.carbuyersnotebook.com/hyundai-opens-doors-for-cash-for-clunker-customers/ http://www.carbuyersnotebook.com/hyundai-opens-doors-for-cash-for-clunker-customers/#comments Fri, 03 Jul 2009 05:38:50 +0000 Brian http://www.carbuyersnotebook.com/?p=9449 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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