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Published: Sun, 28 Jun 2009
Description: What you need to know about new program
Automatically Generated Transcript (may not be 100% accurate)
" Back here at FOX & Friends a great new program now they're called clash. Clash cash or clash. Cash for clunkers too easy for me to say trading your old car get a new fuel efficient car and you get some money in the process in this whole -- that it could get to 4500. Dollars in your pocket treating it year old Carmichael it's easier. From consumer reports good to see good anyway -- I see it. Let's talk about this -- you get up to 4500. Dollars on your trading but it. -- let's tell people what -- you can't trade him first off you have to have an insurer didn't in the last year you have to be driving this car and it can't be too terribly old. Right they had it has to be we'll we'll more than 25 years old that he can't beat. -- expect would still mobile with the good that -- tires and things I've got to drive the ball has to be sure of all you can't just like push it to the dealer. What is it that 19840. -- about fuel efficiency eighteen miles per gallon or less that's it that's the cut off for being able to trade in this car -- is take your old car SUV gets under eighteen miles per gallon you qualify for this program in her -- B 3500 dollar. That you get a credit toward the purchase of the new car over the heavier duty truck even -- the 4500 dollars. Okay so you cannot say trading 1990 Honda Civic Honda Accord something like that because Girardi get good gas mileage right right there's the people that economy really on the bench in this program let's -- a ten year old car. It gets didn't feel -- comedy -- not really pour fuel economy to benefit here. That if you trade up to into a new argument from a really old car. You're getting much better fuel efficient consumer reports all that. Stability control head curtain airbags all the cars don't have any -- safety equipment some even beyond. The fuel economy savings and get a big boost in safety equipment -- to -- Huge strides every year so out of the program weren't a voucher for 3500 dollars they're going to get handed that would immediately -- right -- I think it'd take that 3500 that can basically put it toward the purchase of the new car okay. And what does this do for you this basically gets you have more. Fuel efficient car that's that's the ideal goal here and just maybe get the auto industry going is well here is part of the goal I assume -- and it didn't -- The domestic industry as much because they don't make as many smaller. More fuel efficient cars but the model that we had here that Ford Fusion hybrid for example get a 34 miles per gallon overall consumer reports that we're talking about somebody. What was it 1998 Dodge Durango rating fourteen miles per gallon by saying you know let's get those off the road. Get you into something like fusion hybrid which which really improves your fuel economy but. They get you to -- legally from a big SUV. Average family size of -- and so that has to be a whole new mindset for -- for the caucus was a big boon for. I have to -- I bought a hybrid a few years ago and I got the tax credit for buying a hybrid -- First few years. That helped me out. Beginning at 2500 dollar tax credit so maybe this election. People inaccurate and one more thing elements in the new -- you're trading and I can't be more than 45000. Dollars have to be less than that. Can't they get that -- Cadillac that I know I know that okay this. --"
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