Cash For Clunkers - AKA
Car Allowance Rebate System
Introduction
- We have been receiving many questions regarding the new "Cash For
Clunkers", A.K.A. "Car Allowance Rebate System" ever since it was
implemented on July 1st 2009. Due to the volume of requests, we have decided to
include this small FAQ (frequently asked questions) section on our site.
After carefully reviewing the program and the disposal requirements, LAS
has decided to service our new car dealer customers by accepting and
recycling the vehicles traded in for this program. Please review the FAQ
section below for more details.
Dealer FAQ
Is LAS on the
government list of approved recyclers to accept CARS trade-ins?
-- Yes. Because we
participate in the ELVS (End Of Life Vehicle
Solutions) mercury switch recycling program, we are certified by the
NHTSA (National Highway Transportation Safety
Administration) to accept and recycle these trade-in vehicles.
Does LAS
have the capability to recycle CARS trade-ins according to
government regulations? Yes, we recycle motor oil,
transmission fluid, differential oil, lead-acid batteries, mercury
switches, engine coolant, and AC refrigerants in accordance with EPA and SC DHEC regulations.
How much
do you pay for vehicles scrapped under this program?
-- Most of our participating new car dealers prefer a "fixed
payment" for each car we purchase under this program. It keeps
paperwork simple and the dealer knows exactly how much "scrap value"
to allow each consumer above and beyond the $50.00 the dealer can
keep for program administration costs. Please contact Mr. Paul
Eschenbach for more pricing details.
Who is
responsible for "seizing" the engines on these trade-ins; the dealer
or the disposal facility? -- According to "The Rule"
released on July 25th, the dealer must seize the
engines and certify they have done so before turning them over to
the disposal facility (recycler). We recommend that dealers wait
until the trade-in has been approved for a CARS credit before
destroying the engine.... otherwise you might have to buy the car
from your customer if it is rejected for the credit.
Will LAS
provide us with the proper forms & documentation required for this
program? -- Yes, we provide a portfolio containing
all of our licenses & certifications, as well as all documentation
required for the program.
Does LAS
report their salvage vehicles, including CARS trade-ins to the
NMVTIS? -- Yes, we report all vehicles we purchase,
including CARS trade-ins, to the NMVTIS (National Motor
Vehicle Title Information System) via a data consolidator approved
by the DOJ (Department of Justice).
Will LAS
"crush" the CARS trade-ins as required by the program?
-- Yes. According to "The Rule", all vehicles disposed of under this
program must be "crushed" or "shredded" within 180 days upon receipt
from the dealer. Because we specialize in parts, we will dismantle
as many parts as we can from each vehicle before destroying them.
Never the less, what ever is left on the vehicle after 180 days,
along with the engine and the shell (containing the VIN), will be
destroyed at our facility.
Consumer FAQ
What cars qualify for the
credit? -- Basically the car must be less than 25 years old,
must have been registered and insured for the last year, and get
a combined EPA fuel mileage of 18 MPG or less.
My car has
a salvage title, does it qualify for Cash for Clunkers?
- We at LAS have read all 136 pages of the law (hey, that's more
than most members of congress, and we just run a junk yard!) and no
where does it say anything about a salvage title disqualifying a car
for the rebate. It does say the title must not have any leans
against it, and that it must be owned by you and registered by you
for at least one year, salvage title or not.
My car
knocks, smokes, leaks and the transmission slips. Does it still
qualify? -- Your car only needs to run well enough to
drive into the dealership where you wish to buy your new car. It
doesn't matter how bad it runs, leaks, smokes, or how loud it is.
Just as long as it meets all of the other requirements.
How do I get the money
from the Government?
-- You must buy or lease a new car, not a used one, a brand new one. Take
your car to a registered new car dealer and let them fill out the
paperwork for your credit. You don't receive any money, the
dealership does.
How much money can I get?-- Nothing! You don't get the "cash" for your "clunker", the
dealer does. However, the dealer will knock off $3,500.00 if your
new car gets 4 MPG better than your old one or will knock off
$4,500.00 if your new car gets 10 MPG better than your old one.
Do I get
to keep the money the salvage yard pays for the vehicle?
-- This is a "grey area" that was not made clear by the NHTSA,
however, the dealers in our recycling program are treating any money
received from us for the scrap price of the vehicle as a "scrap
rebate" off the price of the car. Just don't expect much! In
almost EVERY case the "scrap rebate" you receive (if any) will be
under $100.00
Why is the
scrap value so low? -- There are many reasons why
these vehicles are almost worthless, but the main reason is because
the dealer is required by law to destroy the engine in your car
after you trade it in, thereby taking away the number one item
recyclers sell to recover the price of the vehicle and the overhead
to process it. Other reasons include the enormous amount of
paperwork and reporting the government is requiring auto recyclers
to perform, the extra staff required to handle the extra dismantling
load, the short time line we have to dismantle the vehicles (just
180 days), and the infrastructure we must build to house the
dismantled parts.
Do I still get "incentives" at
dealers if I get the CARS credit? -- That's up to each car
company and individual car dealership, however, the answer is "yes";
you get to keep all advertised incentives and rebates offered by the
dealer.
Can I turn my car into a "junk
yard" and get my credit? -- No.
Can I buy a used car and get my
credit? -- No. As stated, it must be a new car and purchased
at a registered dealership.
Can I
lease a new car and still get the credit? -- Yes. See
your local car dealer for more info!
Does my car have to run to
qualify for the credit? - Yes, it must be drivable.
I WANT to buy a new car and
trade in my old car for credit! How can I find out more? --
Go to the official government website at http://www.cars.gov/
to find out if your car qualifies.
I can't
afford a new car and want to junk mine. Where do I go?
-- Click here to find
out how to get cash for your junk car.
Attention New Car Dealers!!!
The one billion dollars allocated to
the CARS rebate system is going fast! Let Laurens Auto Salvage recycle
these rides so you can submit your trade-ins for credit now!