Requirements

The amount of the credit is $3,500 or $4,500, and generally depends on the type of vehicle you purchase and the difference in fuel economy between the purchased vehicle and the trade-in vehicle. Different requirements apply for work trucks.

Fill out the form on the left if you would like help to determine whether you have an eligible trade in vehicle.

• Your vehicle must be less than 25 years old on the trade-in date
• Your trade-in must be in drivable condition
• Only purchase or lease of new vehicles qualify
• The manufacturer's suggested retail price of the new vehicle cannot exceed $45,000.
• Generally, trade-in vehicles must get 18 or less MPG (some very large pick-up trucks and cargo vans have different requirements)
• Trade-in vehicles must be registered and insured continuously for the full year preceding the trade-in
• You don't need a voucher and you are not required to sign up or enroll in this program. Dealers will apply a credit at purchase

Funding

Redirected recovery funds identified by Obama Administration for this purpose.

Time Line

July, 2009 - November 1, 2009