President Obama will sign into law a program NHTSA is calling the Car Allowance Rebate System (CARS). This is a government program that helps you purchase a new, more fuel efficient vehicle when you trade in a less fuel efficient vehicle. This also used to be known as the more fun “Cash for Clunkers” program.
There are five important areas to be aware of:
For much more information, the U.S. Department of Transportation has setup a website at www.cars.gov.
Steve Trojan, CPA
www.smt-associates.com
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