The “Cash for Clunkers” program, also known as the Car Allowance Rebate System (CARS), was a U.S. government program that provided rebates to consumers who traded in their old, less fuel-efficient vehicles for new, more fuel-efficient ones. The program was designed to stimulate the auto industry and reduce greenhouse gas emissions.
To apply for the Cash for Clunkers program, consumers had to meet certain eligibility requirements. Their trade-in vehicle had to be:
