Quote:
Originally Posted by sexysmurf  I know what you mean! I think the car incentive will be totally taken advantage of. I mean, you could go buy a car used for $500 or less ( a real piece of crap) and then trade it in to get like $4500 credit on a new one |
Nope. You have to be able to prove that you've had the vehicle continually insured for the past year, the car must be less than 25 years old and it must have an MPG rating that fits a specific guideline (you'd have the check the website for the specifics). The incentive is only good on the purchase of a new car. The whole point of this program is to jumpstart the auto industry just as the first time buyers home program is to help jumpstart the housing industry.