Democratic lawmakers have proposed a new cash-for-guzzlers bill that will provide vouchers of up to $4,500 for new car buyers who trade in cars that are less fuel efficient.

Here are the details: Car buyers would get $3,500 if they trade in a car that gets less than 18 mpg for a new car that gets at least 22 mpg.

To qualify for a $4,500 voucher, you need to buy a new car that gets at least 10 mpg more than your old car. It doesn’t look like there are any limitations on how old the car has to be.

This bill seems to be separate than the cash for clunkers proposal. Neither law has passed, but it looks almost certain one will.

This might be a good opportunity to take advantage of the Car Buying Hacks

Filed under Incentives, Uncategorized.