|
The qualifications to receive the dough is pretty easy...your car trade has to be EPA rated at 18 mpg or less and you have to buy a car EPA rated at 22 mpg or higher for $3500. For $4500 you have to buy a car EPA rated at 10+ mpg higher than your trade.
For SUV's you have to buy an SUV rated at least 2 mpg higher than your trade for $3500 and at least 5 mpg higher than your trade for $4500.
So the EPA rating cutoff seems to be at 22 mpg for the new car purchase and 20 mpg for a new SUV purchase. I guarantee you will see some shenanigans with EPA ratings in the coming months. What happens to all the new cars that get 21 mpg and new SUV's that get 19 mpg...they are now on the death watch.
|