Cash For Clunkers Scam
The cash for clunkers bill passed by the house and senate is referred to as the Car Allowance Rebate System (CARS) known as cash for clunkers.
The official federal website for the CARS program is http://www.cars.gov and this is where you need to go to qualify your clunker. After you qualify then you go to a new car dealer to buy your new car.
Just be careful giving out any information like date of birth and social security to anyone calling you or emailing you regarding the cash for clunkers program. You may get a call or email saying your clunker qualifies for the new car voucher so don’t give out any sensitive information over the phone.
You do not need a voucher to bring to the new car dealer.
Remember you still need to negotiate the best car deal so you need to do some research on your clunkers kbb value.
- Go to www.kbb.com to find the value of your car
- enter your zip code
- enter your car make, model, year
- enter in all details of your car
- at the end use trade in value for your car
New car dealers will only give you trade in value for your car so you need to know this number before you go to the dealer.
If you do not know trade in value your going to get ripped off on your trade in.
Your goal when buying a new car is to get at least kbb trade in value for your car or more and buy the new car at invoice price for the best deal.
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