An easy $4,500 -- trade in clunker

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Congress has decided to provide a new incentive for Americans to buy new cars. On June 10, 2009 the House approved a plan to offer vouchers of up to $4,500 to consumers who trade in their gas-guzzling vehicles for more fuel-efficient models.

To be qualified for this voucher, the trade-in cars must be:
• 1984 models or newer
• Drivable condition
• No more than 18 miles to the gallon
• Insured to the same owner for at least one year

The more gas mileage saved in the newer vehicle, the larger the voucher.

Months of lobbying by dealers, automakers, and unions have paid off. The $4 billion plan won support from Republicans and Democrats by 298-119.

This is a great strategy to spur demand for the struggling auto industry. The Congressional Budget Office stated that the Consumer Assistance to Recycle and Save (CARS) bill can boost auto sales by 625,000.

Being that fuel-efficient cars are expensive, the voucher will help ease this cost. Now you can "drive green" while saving money.
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