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

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.

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.

However, many America’s who are struggling with unemployment, layoffs and foreclosures will not be able to qualify for a new car loan.  In fact, there has been an upsurge in used car sales at local car dealers who offer a Buy Here Pay Here model.  In this business model, dealers offer consumers the ability to purchase used cars with a payment plan that takes into consideration poor credit.

Buy Here Pay Here

A “Buy Here Pay Here” dealer group in Ohio called ABC Motor Credit is one automotive retailer that has actually seen an uptick in business.  Sam Snellenberger, an executive at the company commented; “In this economy, consumers need reliable transportation to get to work.  We match them with a car and a payment that they can live with; many have had their cars repossessed.  For many consumers, ABC Motor Credit is their last chance to be able to drive to work or find a new job that requires transportation.”

Consumers with poor credit are hoping that the proposed Cash for Guzzlers or Cash for Clunkers bill provides additional support for consumers hit hard by the recession.  Some opposing voices to the current draft of the cash for Clunkers legislation say that the bill is not doing enough to allow consumers with low credit to utilize a cash vouchers.  Some opponents actually have petitioned that the vouchers should not be made available for wealthy Americans.

With poor credit a reality for many Americans living in 2008, used car sales will continue to rise and consumers with poor credit may be forced to drive less fuel efficient cars because they will be priced in the marketplace at the bottom of the value scale.

Drive Forward America Act

The current status of the Cash for Guzzlers bill is still under scrutiny and compromise with Washington laymakers.  A new effort called Drive Forward America Act is another effort to get a cash voucher system passed this summer.  Senators Debbie Stabenow (D-MI) and Sam Brownback (R-KS) are backing this new measure in a bi-partisan effort.