The original Car Allowance Rebate System (CARS), more affectionately and commonly known by the public as “Cash for Clunkers” officially ended on August 24th, 2009. This program, designed to help stimulate the economy, was planned to run for three months and provide $1 billion dollars in tax credits in exchange for more fuel efficient vehicles. However, so many people participated, that the program was only able to run for a month, and doubled its $1 billion tax credit limit to $2 billion. Obviously, there are a lot of opinions and guesses on whether or not the program itself was successful for the economy. What is certain, is that many people otherwise wouldn’t have had the opportunity to get $3,500 or $4,500 new-car credits in exchange for their “clunker” without the program. According to the official Whitehouse data, the CARS program provided the economy with a much-needed shot in the arm and strong sales have a ripple-effect on the economy which spreads out to, and eventually benefits, everyone. Because of the strong sales, and the ability to get cash for old cars, many companies who specialize in buying old or junk cars have seized on an opportunity where the CARS program let up. They’re calling it 2011 Cash for Clunkers. While not as extensive as the congressionally-approved, taxpayer-funded government trade in credits program, 2011 Cash for Clunkers lets car owners get a free, no obligation quote for their car and get cash for it which they can then use toward a new car (or any other purchase). Oftentimes, these Cash for Clunkers specialists offer direct online access for users to see what kinds of cars have recently sold and how much the owner has received. In addition to this free service, the 2011 Cash for Clunkers programs will pay cash on the spot, and tow away the car thanks to their partnership with a nationwide network of dependable, local towing companies. This means that if you’re interested in getting money for your used car, but don’t want to go through the hassle and frustration of online ads or newspaper classifieds, you can go online, submit some information about your car, and get a quote. If you decide the quote sounds good – the company will then arrange to pick up and tow your car away and pay you cash. Another benefit of 2011 Cash for Clunkers is that it’s for more than just gas-guzzling cars. All makes and models of cars, trucks and SUVs qualify. With the original Cash for Clunkers program, certain makes and models were seen more than others, including Ford Explorers, Ford F-150 pickups and Jeep Grand Cherokee SUVs. Typically low MPG cars were traded in for credits toward the purchase of a more fuel efficient vehicle. In the case of 2011 Cash for Clunkers, however, you can do anything you’d like with the money you’re paid – pay off bills, go on vacation, or buy a new car. To put it simply, 2011 Cash for Clunkers is a great way to get some much-needed cash for your old or junk car – and use the money any way you want!
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