Hyundai Strikes First Offers Dealers $4,000 Advance for Clunkers

July 2nd, 2009

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Hyundai is out to increase July cars sales despite delays in the implementation of the Cash for Clunkers bill.  For official updates on the program visit http://cars.gov.

Today, Hyundai send their dealers an announcement that was perfectly timed for the July 4th car sales weekend. Dealers received news today about the ”CARS Rebate Advance Program“  only offered by Hyundai.  The program is designed to help car dealers with cash-flow concerns and is completely optional.

Since the official start date for the CARS program is estimated to be July 24th, the firm action gives Hyundai dealers the option to start selling cars in advance of the official NHTSA start date.  The bill outlines that cars sold starting July 1st will qualify but details on how cars will be processed are still unclear.

This may give Hyundai dealers the advance jump on capturing the pent up demand for car sales stalled until the official program begins around July 24th.

The timing for Hyundai is perfect. The of Fourth of July weekend is historically good for car dealers and Hyundai plans to give their network of dealers all the muscle they can deliver to get consumers into a fuel efficient qualifying car.

Hyundai July Rebates

The Car Allowance Rebate System (CARS) which will be operated by the NHTSA will offer cash credits as high as $4,500 for a qualified “clunker”.

Hyundai’s current rebayes are attractive and can be combined with the CARS cash credits For example, if a consumer qualifies for a $4,500 CARS credit, the Hyundai incentives on two popular models yield significant savings to consumers:

  • Hyundai Elantra Incentives ($2,000) + CARS Rebate ($4,500) = $6,500 off MSRP
  • Hyundai Sonata Incentives ($3,000) + CARS Rebate ($4,500) = $7,500 off MSRP

Consumers should check with their local Hyundai dealer to ensure that these rebates are valid in your area.

Request a Call From a Local Hyundai Dealer

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If you would like a local Hyundai dealer to call you about purchasing a new Hyundai car with your qualifying “clunker” rebate complete the form on the left. Due to high demand expected for Hyundai cars, we encourage you to act quickly. Hyundai cars are the sixth most requested car on this website from US consumers.

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$1 Billion Approved For Cash For Clunkers Bill

June 12th, 2009

June 12, 2009 -  The House and Senate have agreed upon a $1 billion appropriation for the Cash for Clunkers bill.  The one billion dollar funding is part of a much larger $106 billion dollar wartime spending bill. 

The bill is NOT yet law as the finalized bill must be passed by Congress.  It is expected that a vote could come next week and then President Obama would sign it into law.  Stay posted because the bill seems very likely to pass.

Since the funding is only 25% of what was originally requested, the bill may only be able to provide vouchers for consumers for a limited time.  The thought seems that lawmakers wanted to get the bill started and that the one billion dollars could hold the program until the end of the fiscal year, which is September 30, 2009. 

Democratic supporters of the bill are obviously pleased with the compromise and commitment to fund the program.  A final vote is expected next week.

Consumers are encouraged to connect with a Particiapting Dealer if they are interested in purchasing a car this summer before the funding runs out.  the form on the left can expedite the process of contacting a local dealer who can assist you with your trade in and new purchase.

 

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Cash for Clunkers Bill Moves Forward In House

June 9th, 2009

The Cash for Clunkers bill cleared its first major hurdle after being approved in the House by a vote of 298 to 119.  The next step for the bill is to be added to the Supplemental Appropriations bill conference report, which must be approved by both the House and Senate. 

During the House floor debate, Mazda was called out as one of the automakers supporting the Cash for Clunkers bill in addition to the Detroit 3, Toyota, and Honda.  Toyota could stand to gain the most if the bill passes, as the CashforClunkersfacts.com website reports that Toyota car models lead consumer interest in fuel efficient cars.

The proposal is aimed at jumpstarting the sale of new cars and trucks, with a voucher of up to $4500 given to those who purchase new, more fuel efficient cars.   Environmentalists have their eye on the bill as well as the regulations put forth by the act could mean more environmentally friendly cars on the road, which in turn could reduce the carbon footprint and help position the US to be less dependent on foreign oil.  

Email Alerts

Consumers who would like an email notification when the bill is approved and signed into law, should use our Email Alert signup form in the upper corner of this website.

Cash For Guzzlers Participating Dealers

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Consumers who want the best information on their trade and the car they want to purchase, should complete the form on the left.   Fill in the car you would be trading in and indicate the car that you want to purchase.Cash for Guzzlers Bill

We’ll have a local Cash for  Guzzlers Participating Dealer contact you.   They will be able to assist you with your new car purchase once the bill is signed into law.

A Cash for Guzzlers Participating Dealer will qualify your trade and present you with a competitive price quote. There is no obligation or fee for the service. Please make sure you include your state and phone number or we can not match you to a local provider.  This way you will be prepared when the bill passes to take advantage of the limited time cash voucher.

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