Who gets the salvage value, the customer or the dealer?
Since the inception of the CARS program the question has been asked: “Who gets the salvage value of the vehicle, the customer or the dealer? ” We know, and NHTSA has told us in the rules, that the salvage value of the vehicle must be disclosed to the consumer on the summary of sale form. The rules however are unfortunately silent as to who gets the salvage value. After discussion and a presentation by NADA and NHTSA, we believe that reimbursement of the salvage value of the vehicle is left to be decided between the customer and dealer in the negotiation process of the sale. Good Luck! How may the $3,500 or $4,500 amount be applied toward eligible new-vehicle purchases? According to the NADA FAQs, The purpose of the CARS law is to assist eligible customers with the purchase of new, more fuel-efficient motor vehicles. Specific application of the “voucher” amount to each eligible new-vehicle purchase is up to the discretion of each eligible dealer and customer. For example, it may be appl
