Monthly Archives: August 2009

House Quickly Sends $2 Billion More to ‘Cash for Clunkers’

Right now buyers can get a $3,500 discount on new cars that get as little as 22 mpg. Small truck buyers are only required to improve 2 mpg to receive the same rebate, achieving a combined city and highway efficiency of 20 mpg.

An early version of the plan would have allowed the rebate value to be taken in transit coupons, but the DOT said earlier this week that no such option would be available.