Want to Know Whether You Qualify for the 'Cash for Clunkers' Program or Not? Let NADAguides.com Tell You

- PROGRAM DETAILS EXPLAINED FOR CONSUMERS -

COSTA MESA, Calif., July 24 -- With the Cash for Clunkers program, also known as CARS (Cash Allowance Rebate System), officially launched, new car shoppers have the opportunity to receive a $3,500 or $4,500 voucher towards the purchase or lease of a new vehicle if their trade-in vehicle meets specific program criteria (see list below). This government-funded program is meant to incentivize car shoppers to purchase or lease a new and more fuel efficient vehicle when they trade in a less fuel efficient vehicle.

NADAguides.com's national spokesperson and automotive expert Michael Caudill is available for media interviews and can provide the background on CARS for media outlets. The main purpose is to share with the consumer how this process works from start to finish.

"The Car Allowance Rebate System will work to not only get high polluting vehicles off the road, but will also help stimulate new vehicle sales. This is a win-win for consumers and auto dealers by helping car shoppers with new vehicle purchases," said Michael Caudill, automotive expert, NADAguides.com. "This is a great break for consumers who are either in the market for or considering the purchase of a new vehicle."

  What are the trade-in qualifications needed to receive the voucher?
  --  Your vehicle must be less than 25 years old on the trade-in date
  --  Only purchase or lease of new vehicles qualify
  --  Generally, trade-in vehicles must get 18 or less MPG (some very large
      pick-up trucks and cargo vans have different requirements)
  --  Trade-in vehicles must be registered and insured continuously for the
      full year preceding the trade-in
  --  Dealers must register to be a part of the program. Consumers should
      ask this of dealers.
  --  You don't need a voucher, dealers will apply a credit at purchase
  --  Program runs through Nov. 1, 2009 or when the government funds are
      exhausted, whichever comes first

  --  The vehicle that you are trading in is required to be destroyed. 
      Furthermore, the dealer is to disclose to you an estimate of the scrap
      value of your trade-in. The scrap value, however minimal, will be in
      addition to the rebate, and not in place of the rebate.

To find out if your vehicle qualifies and to view a list of qualifying vehicles and associated voucher amounts, visit the CARS tool at NADAguides.com.

FOR MEDIA: If you are interested in speaking to Michael Caudill, our automotive expert, regarding the NADAguides.com "CARS" program please contact Ashley Garing, DRIVEN Media Communications, media@nadaguides.com, (951) 461-2429 to schedule an interview.

About NADAguides.com

NADAguides.com (http://www.nadaguides.com/) is the largest publisher of vehicle pricing and information for new and used cars, classic cars, motorcycles, boats, RVs, and manufactured homes. NADAguides.com offers in-depth shopping and research tools in addition to the most market-reflective pricing available. The company also produces print guidebooks, software, web services, raw data and web syndicated products.