Does your car qualify for Cash for Clunkers program?

Now that the "Cash for Clunkers" bill is federal law, it's a good time to see if your car is eligible for the $3,500 or $4,500 rebate when buying a new car with better gas mileage.

UPDATE: The program was so successful that after learning the program is running out of money, the House of Representatives approved an additional $2 billion for the financially strapped program.

Government officials are saying that the program is still in effect.

The National Highway Traffic Safety Administration has 30 days to implement the program, although trade-ins will probably be able to start in about three weeks. The government Web site for the program, cars.gov, targets the program implementation to begin in late July. The program ends Nov. 1.

See below for more details on the program.