What is the Cash for Clunkers program?
The media really branded this name. The official programs name is The Car Allowance Rebate System (The CARS ACT), the brain child of President Obamas economic team to stimulate the economy and specifically spur car manufacturing sales while ingeniously helping the environment. The government will give you a credit to help you pay for a new, more fuel efficient car or truck from a participating dealer when you trade in your less fuel efficient car or truck.
