In the "Cash for Clunkers" program, do I have to purchase a brand-new vehicle?
Cash for Clunkers looks like it's going to be signed into law. Basically, if one has a car that is old, and gets less than 18 mpg's they can scrap it and get $3500-$4500 voucher towards a more fuel-efficient vehicle. However, I do not know if it has to be a brand new car, or just one that is more fuel efficient. Does anyone know?
From Edmunds.com:
>>>Will it apply to used-car purchases? The final details of the bill are not yet available. However, it has always been assumed that the vouchers will only apply to new car purchases. <<<
