Controversial or not, Volkswagen of America has vowed its support for the “Cash for Clunkers” program of the government where each of their vehicles for their 2009 lineup qualifies for the said program. Under the “Cash for Clunkers” programs, potential new car buyers can get up to $4,500 off from the purchase price of new vehicles who trade-in their old cars.
In order to qualify, eligible new vehicles must achieve at least 22 miles-per-gallon for automobiles, and at least 18 mpg for small light-duty trucks and SUV’s, and trade-in vehicles must achieve 18 mpg or less.
“Volkswagen of America supports this historic decision of the United States Government to enact the Cash for Clunkers program.” said Stefan Jacoby, President/CEO, Volkswagen of America. “The fact that Volkswagen has long been known for producing fun-to-drive, fuel efficient vehicles, combined with our eight Top Safety Pick rated vehicles by the IIHS, should put Volkswagen on any new car buyers shopping list.” added Jacoby.
Among the new cars that Volkswagen has lined up include:
- 2009 Rabbit
- GTI
- Jetta
- Jetta SportWagen
- New Beetle
- New Beetle convertible
- Passat
- Passat Wagon
- Eos
- CC
(Source) Press
Tags: car buyers, fuel efficient vehicles, IIHS, Jetta, jetta sportwagen, light duty trucks, miles per gallon, new beetle, new car, new cars, new vehicles, old cars, president ceo, rabbit gti, shopping list, Stefan Jacoby, united states government, volkswagen, volkswagen of america
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60% the cars that are donated to charity will now be eligible for a voucher under the cash for clunkers program. Since the tax deduction for donating a car is only $500 or what the car sells charities won’t be able to compete with the program and charitable car donation will end. A better idea is to just change the amount a person can deduct for donating their car back to the book value. That way every car is eligible, the government doesn’t have to spend $4 billion of our dollars giving away vouchers and trying to administer a program that is way too convoluted!
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[...] celebrated Car Allowance Rebate System is starting to show the fine prints which most motorists failed to look at. There are some small [...]
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Well, the point is not to get car donations to charities or even to allow people to deduct charitable contributions. Sheesh, Karenc.
The purpose is to:
1) Get less fuel efficient cars off the road (though I’d say they should give anyone the deal if they trade in a car for one that gets at lest 8mpg better than the car they are trading in, regardless of what they are trading in. (So someone can trade in car that gets, say 24mpg for one that gets 35mpg and get a credit just as well).
2) To stimulate the auto industry by creating sales.
Neither of those things happen with charitable donations of cars. The old cars, still end up on the road… and donating a car usually does not mean you buying a new one.
The two programs have no connection. Charitable contributions.. (and remember the clunkers program requires the car runs, was insured and registered in the past year)… they will recover, since the clunkers program will end at the end of summer.