The CARS program is NOT a TAX credit. IT IS a direct trade-in credit off the NEGOTIATED price of the NEW or USED car purchase. HOWEVER, the program HAS NOT STARTED YET, so BEWARE of dealerships advertising $4500 REBATES on the CARS program. (the most is $4500.00 it could be much less).
As a savvy consumer you should know this, ” The dealer promoting the CARS program TODAY, TOMORROW or until the actual launch date ( JULY ?) and insisting the rebate is available NOW, are not being truthful to the consumer.“says Las Vegas/Henderson dealer Jim Mooridian of Courtesy Imports. “Those dealerships are simply selling their car at full sticker price or over-retail blue-book and showing the customer the $4500.00 rebate. There is NOTHING in the government program that states the consumer MUST PAY STICKER or OVER STICKER when using a CARS rebate. The SMART customer should go to the dealership and negotiate their BEST DEAL without mentioning the CASH 4 CLUNKERS program, or even a trade-in. Get the best price and THEN mention the $3500.00-$4500.00 REBATE. Watch the numbers change!”
BUYER BEWARE I have also seen ads stating: “CARS REBATE=CASH BACK TO YOU! This is another 3 card Monty for the unsuspecting car buyer. They are simply trying to give you a cash advance on the car loan, which most car loan finance companies will not allow!
The new car sales tax credit will be another area of confusion for consumers and dealers alike. The program states you can be eligible for both the sales tax credit AND CARS rebate and alternative fuel tax credits on the same car purchase. How does the dealership show the true value of the trade-in when a sales tax credit is involved on a CARS trade? These and many other questions are still being addressed by the administrators of the CARS program. So for now, don’t rush to the local dealer to collect your $3500 or $4500.00 rebate, it isn’t available. In the MEANTIME: find an honest dealership to work with on this CARS program when it becomes available later this summer or call me: SARAH LEE at www.mycarlady.com and spare yourself the haggling and hassle. I’ll make sure you get the best deal and none of the BS.———CLICK HERE FOR MORE on THE PROGRAM FAQ’S—————————————————-
NEED AUTO FINANCE HELP or CREDIT report repair go to www.ecreditautoadvisor.com tell them MY CARLADY: Sarah Lee sent you. It’s a free consult and they do the right thing by you, fast, easy, cheap.
Top learn more about getting your best car deal click here: CAR DEALS Sarah Lee is an automotive executive with 20+ years of experience. She writes about Cars, and is a staunch consumer advocate on car related subjects. Her company: MY CARLADY is a car buyer’s service committed to getting you the best deal on your next new or pre-owned vehicle. You can reach her at www.mycarlady.com]]>