Cash for Clunkers

" if you have an old gas guzzlers sitting in your garage or you're dropped one down the road now car owners can take advantage of a government program called cash for clunkers. He can scrapped a little he -- exchange for a new look more fuel efficient vehicle. Making the deal even more attractive you can take thousands of dollars off the sticker price so why then are not customers -- of the local car dealership. That's a great question for Michael ability to tell us today. About what you need to know about cash for clunkers. These are automotive expert -- of LA today runs a company called driven -- today good morning to you. Good good morning bill and Megyn how are Buffy doing a beautiful New York. Let's start with this 1995. Mercury Grand Marquis why -- labeled a clunker. Well let me just take."

" Collected all the way around this thing defines what clunker is -- the terms loosely defined you can tell by looking at this vehicle right here that it's been on the road for a few years."

" Now the criteria for this vehicle of course. It has to get a combined eighteen miles per gallon or less so the key to this whole program about the clunker -- in new vehicles. Is just starting with the Internet you've got to do your research you gotta go to a web site. Where you can learn as much as you can about these programs. And this is that right here this is a good site -- guides dot com website you can actually input your information in there and it will spit it right back -- tell you exactly what you."

" Qualified for -- this vehicle right here. Is that 95 grand marquis are clunker okay it is a clunker because it gets what how how how much mile per gallon."

" Eighteen miles per gallon on the grand marquis and it's -- 1995. Grand marquis so attach some time but on the wheels. But when you qualify you'll get a chance to qualify for something like this -- input your information in it will spit it out and tell you exactly how many. How Matt how much money you're gonna get from an allowance standpoint this right here if you were to trade that vehicle and -- dealership you're gonna get 4500 dollars from an all out from the federal government."

" The movie into something like this which is a Ford Fusion."

" Now the miles per gallon is if it's eighteen -- your combined low. You have to get four miles per gallon -- batter up -- nine so between 49 miles per gallon you can get 4500 dollars."

" And then build build on your -- project from that but then I -- all the way over here to this vehicle. This is the Jeep Patriot."

" Chrysler came out with something last week and the Jeep brand as part of Chrysler this vehicle right here. You'll get the 4500 dollars from the government building cap on another 4500 dollars 89000. Dollars back from the government wanted to do -- render. Well I think it's incentive to get people into the dealerships and I went into dealerships over the weekend and there was little information -- the dealership level. About the program but they were excited they were fired up and they want consumers to comment. And learn more about these vehicles so this is a great way to get people out to the dealerships. Great prices and the best part about it is even with the government incentives."

" You can still get a rebate from the dealership as well with whatever their rebate -- and build on it clear to me that she wanted to dealerships and what happened."

" went to the dealerships and just asked for their cars for clunker specialists and they've both had specialists and with the Ford dealership. And I went to a Chevy dealership and they both came out and they they knew about the program they knew all the information on it but the activation because today is what is being activated. They had had a lot of information as of yet but. They had consumers coming in that we're excited about the program and wanted to learn more about it --"

" They're gonna make deals with consumers regardless of whether this program would actually do it well the point is that the dealerships and they have enough information about the program had to explain it to the customers."

" That's correct the federal government hasn't provided him with all the details yet it's a long process but they will have the details here in the next few days okay now."

" Com here's what I'm trying to figure round. -- the whole program. Goes back to two things. Fuel efficiency. In the age of the -- I do I have that right you need to determine that -- upgrading get the rebate correct."

" Correct. Practice fuel efficiency so eighteen miles per gallon you have to get better than that. And then there are some other factor the -- has been less than 25 years old. And then it comes down to that -- miles per gallon but that the key components to this programmer. Really working to eliminate some of these less eco friendly vehicles on the road these gas guzzlers to get them off the road and move people into new or more eco friendly vehicles. And the second part is to stimulate some movement it -- dealership level get people to the dealerships but by some of these great."

" New cars and they have a lot of cards on hand to -- a lot backed up to the Ford Fusion by the way just for viewers. They get 4500 dollars back you to buy that -- to -- rights. By -- plus -- right his left. And that Jeep Patriot -- 9000 dollars off that is a -- exactly native guys dot com is website you talk about foxnews.com also has a lot of information out there frankly got to get these web sites folks and read it nordic and all the information figure out what. Well what how you best can take advantage of this program just announced this weekend and the commercials are run on just about every TV station here in New York to the trying to get the word out. Mike Carville thank you my friend lot of Adelaide this morning appreciate your help -- yet."