Vacation? New law + President Obama = new car. That's right! New car.

June 24, 7:41 AMAtlanta Teachable Moments ExaminerCarol Aitken

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"There's nothing like the smell of a new car!"

You've been thinking about a new car -- buyer's market, and all; one that gets better gas mileage -- and gets your hybrid-driving, green-preaching neighbor off your back, too -- but...

Haven't been on a vacation for a while? You want to travel somewhere, anywhere this summer, but with gas prices creeping up, there's just no way.

Well, take heart. According to the National Highway Traffic Safety Administration (NHTSA), President Obama recently signed a new law -- Title III: Consumer Assistance to Recycle and Save Program - that will knock $3500 to $4500 off the price of a new fuel-efficient model, as if by magic. Really!

What's The Catch?
The Car Allowance Rebate System (CARS) program ONLY runs from July 1 to November 1, 2009. IF your clunker qualifies AND you buy or lease a NEW car or truck from a REGISTERED dealership, the rebate price will be applied to your purchase price and, KA-CHING --new car, happy neighbor, and vacation!

Have I Got A Deal For YOU!
A few details on the deal -- or -- ALWAYS read the fine print:

• Dealerships must be registered to offer the discount
• Your vehicle must be less than 25 years old on the trade-in date
• Only NEW purchase or lease vehicles qualify
• Trade-in vehicles must be registered and insured continuously for the full year preceding the trade-in
• You don't need a voucher
• Trade-in vehicles cannot be resold and must be destroyed (Your neighbor will be so pleased!)

What now? DO YOUR HOMEWORK!
Be sure your old car qualifies
Be sure the new car qualifies
Be ready to deal

Homework Site$
KelleyBlueBook.com
NADAguides.com
Check the fuel efficiency of your car at FuelEconomy.gov.
What does the new law say about qualifying purchases, trade-ins, and dealer responsibilities for disposal?
CARS Roll Out Info
CARS FAQs
Check CARS.gov for updates


Just For Fun
Hard Work Deserves Big Rewards - NADAguides.com picks the Best Cars for Dads and Grads
More Kudzu Covered Vehicles (aren't they great!) by JJ Anthony

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