Cash for Clunkers Car Rebate Allowance System Re-Fueled by Additional Funds

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We informed our readers when the Car Rebate Allowance System (CARS) program under the management of the National Highway Traffic Safety Administration (NHTSA) was launched, but no one could quite calculate its paramount affects. It didn’t even take a complete week for car dealerships to receive a flood of consumers that soaked up the $1 billion financial plan’s set-up for “clunkers” to be exchanged for vehicles with more fuel efficiency. Who could blame them? Having the chance to save money in the long run with a more environmentally friendly car by obtaining $3,500 or up to $4,500 rebates is quite irresistible.

Based on a recent report, in response to positive feedback of the program, on June 31, 2009, the House granted $2 billion more for CARS, giving more consumers the chance to join in. It’s not certain at this time how long the new funds will last, but while they do, it is bound to make lots of consumers happy now and for a good amount of time into the future.

From what we have seen up until this point in the year, auto sales in the United States have been extremely low; however, with the overwhelming response and utilization of the CARS program, auto sales have been the highest for 2009. Although this is an exciting fact that has been quite an asset to the auto industry, car fraud may be an issue for concern in some rebate sales and it is something that hopefully consumers can avoid experiencing.

As the organization responsible of the CARS program, the NHTSA is certain to be on the look-out for reported claims of auto fraud regarding vehicles sold through the rebate initiative. If you think that you have been a victim of car fraud, the California fraud lawyers at the Law Offices of Howard D. Silver can assist you. To contact a California auto fraud attorney who also has experience in California lemon law, dial (855) 341-2611 today. Our skilled attorneys can help you hold those responsible accountable for their actions.

Source report: http://www.reuters.com/article/newsOne/idUSTRE57604E20090807?pageNumber=...

Posted Date: 
Wednesday, February 18, 2015
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