[cfg83]

Hello -

Here's an update :

Congress Moves Forward With Vehicle Scrappage Program

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Under the legislation, a scrapped vehicle must get less that 18 mpg (15 mpg for heavy pickups and vans). The car buyer would receive a $3,500 voucher if they bought a new passenger car that was at least 4 mpg higher than the older vehicle or a new pickup truck/SUV that was at least 2 mpg higher than the old truck. They would receive a $4,500 if the passenger car was at least 10 mpg higher and the truck/SUV was at least 5 mpg higher. The program would mandate that the engine block and drivetrain be destroyed. The program would last up to one year, authorize $4 billion in spending and potentially scrap one million older cars and trucks.

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CarloSW2