Cash for Clunkers – Passes
Thursday, June 4th, 2009
The cash for clunkers program of the current administration has passed and is set to be signed into law to the benefit of people who would have otherwise not had enough cash to get new cars. Designed to address the issue of growing emissions, the program aims to extend government loans for car owners who’s vehicles fail to meet government emission standards, helping them acquire hybrids or newer more efficient models and vehicles. The other goal of the said law is to get people to buying newer cars, helping both the auto industry and car owners. Old cars are assessed and valued by the government for discounts at the dealer to get out more hybrids and support the ailing auto industry at the same time.