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How
Much Cash Can I Get?
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The incentive
amount depends
upon the kind of
vehicle you
purchase, its
MPG relative to
your trade-in
vehicle, and in
some cases, the
kind of vehicle
you trade in.
Fueleconomy.gov
will be
providing a
feature soon
that will help
you (1)
determine
whether your
current vehicle
is eligible and
(2) identify
which new
vehicles qualify
for the
incentive. In
the meantime,
you can use the
table below as a
guide. Official
EPA MPG
estimates can be
found in
Find a Car---use
the Combined
"New EPA MPG"
estimates.
|
New Vehicle Type*
|
New Vehicle MPG†
|
Trade-in Type
|
New Vehicle
Improvement†
|
Incentive
|
|
Passenger
Car |
At least
22 MPG
|
Passenger car; category 1 or 2 truck‡
|
At least 4 MPG
|
$3,500
|
|
At least 10 MPG
|
$4,500
|
Category
1
Trucks:
- SUVs, including MDPVs between 8,500 and 10,000 lbs.
- Pickups w/ GVWR <8,500 lbs. & wheelbase <= 115 in.
- Vans w/ GVWR <8,500 lbs. and wheelbase <= 124 in.
|
At least
18 MPG
|
Passenger car; category 1 or 2 truck‡
|
At least 2 MPG
|
$3,500
|
|
At least 5 MPG
|
$4,500
|
Category
2
Truck:
- Pickups w/ GVWR <= 8,500 lbs. & wheelbase > 115 in.
- Vans w/ GVWR <= 8,500 lbs. & wheelbase > 124 in.
|
At least
15 MPG
|
Category 2 truck
|
At least 1 MPG
|
$3,500
|
|
At least 2 MPG
|
$4,500
|
|
Category 3 truck (2001 model or older)
|
NA§
|
$3,500
|
|
Category
3
Truck:
All
trucks
w/
GVWR
8,500-10,000
lbs.,
excluding
MDPVs
|
NA§
|
Category 3 truck (2001 model or older)
|
Similar in size or smaller than trade-in§
|
$3,500
|
*GVWR = Gross
Vehicle Weight
Rating; MDPV =
Medium-Duty
Passenger
Vehicle.
†MPG
requirements are
based on
Combined
"New EPA MPG" as
given in our
Find a Car
section.
‡Category 3
trucks cannot be
traded for
passenger
vehicles or
Category 1
trucks.
§Not applicable;
Category 3
trucks do not
have EPA MPG
ratings. |
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Frequently Asked Questions:
-----------------
- “CARS” Program Rules
The www.cars.gov
website is the final authority on all CARS
program rules, regulations and
requirements.
- What is goal of the “CARS” Program?
The “CARS” program provides incentives to owners
of older, less fuel efficient vehicles to
trade them in and purchase new, more
fuel-efficient ones. The program will benefit
American consumers, stimulate showroom traffic
and auto sales, and help to reduce fuel use
and vehicle emissions. New vehicles are cleaner,
more fuel efficient and have many safety
technologies not available on older ones. It
will also spark a recovery in the economy.
- How does the “CARS” program work?
An owner of a passenger car, minivan, SUV or
pick-up truck that gets an EPA combined 18
mpg or less can trade it in for a government
electronic voucher good toward the purchase of
a new vehicle. The amount of the voucher is
either $3,500 or $4,500, depending on the
mpg improvement of the new vehicle over the one
it replaces. The mpg improvement
required for the $4,500 voucher is substantially
easier to achieve for vehicles classified as
“Trucks” (including SUVs, minivans and pick-up
trucks) than for passenger cars.
- What is the current status of the
“CARS” legislation?
The President signed it into law Wednesday, June
24.
- What older vehicles are eligible for
the program?
The vehicle being traded in must be manufactured
less than 25 years before the date of the
trade-in. Antique car collectors and hobbyists
asked that vehicles more than 25 years old be
ineligible. Most importantly, the trade-in
vehicle must have a combined (city/hwy) fuel
economy rating of 18 mpg or less (varies by type
of vehicle).
- Are there other restrictions, such as
length of ownership?
The trade-in vehicle must be in drivable
condition and have been continuously insured and
registered to the same owner for at least one
year immediately prior to the trade-in.
- How can dealers and customers tell if
a vehicle is eligible for trade-in under the
program?
NHTSA launched its “CARS” website on June 19,
2009 at
www.cars.gov . Currently it has
minimal information, but eventually there will
be additional consumer information and
dealers portals. In the meantime, dealers and
consumers can check the combined fuel
economy ratings of older vehicles on
www.fueleconomy.gov to see if they
qualify. Click on
“Compare Side by Side” and select a model year
and vehicle make to find the Combined
EPA label figures for a given model. The correct
mpg number is the one listed as “Estimated
New EPA mpg.”
- What Nissan models are eligible for
trade-in?
Many older Nissan Quests, Frontiers, Titans,
Pathfinders, Armadas, and Xterras have
combined fuel economy ratings of 18 mpg or less,
making them eligible for the program.
For specific vehicle questions, visit
www.fueleconomy.gov.
- Can any make of vehicle be turned in
at a Nissan dealer? For example, can an
owner trade-in a Chrysler minivan toward a new
Altima or Rogue?
Yes. Any make of vehicle can be turned in at any
registered Nissan dealer. The applicable
voucher amount MUST be applied as a down-payment
or partial payment towards a new
Nissan vehicle. In order for a Nissan dealer to
process the electronic voucher, the customer
must purchase an eligible new Nissan vehicle.
- Is there a price cap on the vehicles
eligible for purchase with the electronic
voucher?
Yes. The price cap on the vehicle is $45,000
MSRP.
- Is the value of the voucher tax-free
to the customer?
Yes.
- Is there an income limit that
disqualifies certain vehicle owners?
No.
- When will the program start?
The legislation states that the program begins
July 1, 2009. However, a 30-day period is
provided for the U.S. Department of
Transportation (DOT) to implement the program.
Although dealers can technically begin sales
under the program as of July 1, 2009, the
government has informed us they will not be
prepared to reimburse dealers on July 1, 2009.
It is unclear when they will be able to accept
claims, but likely by the end of July, if not
earlier. It is also unclear if they will honor
sales retroactively but the government has
promised to clarify this by July 1.
- How long will the program last?
The program will be in effect through November
1, 2009 or until the initial $1 billion in
federal funding for the vouchers runs out,
whichever occurs earlier. It is uncertain
whether
Congress will approve additional funding to
extend the program.
- What specific Nissan models can be
purchased with a government voucher?
A consumer will qualify for at least $3,500
incentive on the models listed below and in some
cases $4,500, depending on the improvement in
fuel economy of the new model compared
to the vehicle being replaced. The combined fuel
economy for the new vehicles can be found
on
www.fueleconomy.gov .
Some of the Nissan Models:
• 09 Cube, 6MT, 26 combined EPA
• 09 Cube, CVT, 29 combined EPA
• 09 Versa, 6MT, 4AT, and CVT, ranging 27 – 30
combined EPA
• 09 Sentra, 6MT and CVT, ranging 24 – 29
combined EPA
• 09 Altima Sedan, 6MT and CVT, ranging 21 – 26
combined EPA
• 09 Altima Sedan HEV, 34 combined EPA
• 09 Maxima CVT, 22 combined EPA
• 09 Quest CVT, 19 combined EPA
• 09 Rogue CVT 2WD or AWD, ranging 23 – 24
combined EPA
• 09 Murano CVT 2WD or AWD, 20 combined EPA
• 09 Frontier 5MT or 5AT 2WD QR25 engine,
ranging 19 – 21 combined EPA
**Only 2 Frontier models with specific engine
code QR25 qualify
- How many vehicles will be sold under
the program?
The original goal was to trade-in one million
older, less fuel-efficient vehicles and replace
them with new, more fuel-efficient ones.
However, the $1 billion in initial funding
provided
by Congress will cover about 250,000 vehicles.
- Are lease vehicles included in the
program?
Vehicles may be leased using the voucher, but
only if the lease term is 5 years or longer.
- What happens to the vehicle once it’s
transferred to a dismantler or recycler?
The vehicle will be crushed or dismantled and
not re-sold as a vehicle to a consumer. The
recycler is permitted to sell some parts but
must comply with all environmental laws on
disposal.
- Can a customer trade-in two clunkers
and combine two vouchers towards the
purchase of a new Nissan?
No. Only one voucher may be applied toward the
purchase of a single vehicle.
- Can an individual obtain more than
one voucher?
No. Each individual and each trade-in vehicle is
eligible for only one voucher.
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Check out our Cars here:
View New Nissan Inventory
Please contact us for more info at
1-888-722-6016 |