The Junk Cash Stimulus is a program that has been developed by Congress where you can get up to $ 4,500 in cash back for your old junk. However, there are a few rules that must be followed to qualify your car for the maximum cash back amount for your car, truck, or SUV. It is an incentive program that you can take advantage of at any national distributor, since it is a federal program.
Cars that qualify for this stimulus package are said to be at least 8 years old and must travel an average of less than 18 miles per gallon. So if your car is 7 years old or gets more than 20 miles per gallon on average, it won’t qualify for this stimulus bill. The other stipulation for the Cash for Clunker program is that you must have the car title for at least one year. What this does is prevent people from going to the junkyard or buying someone a car for a couple hundred dollars and then going to the dealership to have it delivered with a profit of $ 4,500.
The other necessary qualification is that there is only one of these refunds per person, so you cannot do this more than once. However, you can have more than one person in the household take advantage of the program as long as they have their own name on the vehicle title and are not joint owners with another person who has already claimed the cash.