Recent developments by the U.S. Senate approved the bill containing the Fleet Modernization legislation, better known as “Cash for Clunkers.”

We’re excited about the opportunity this new legislation brings for our dealership.  No one hs more all-new models available this year!  From a product standpoint, we’re in great position to capitalize on this program, leading with our fuel-efficient, high-quality lineup of cars, trucks and utility vehicles.

The next step in the process is for President Obama to sign this legislation into law, which he is likely to do in the coming days.  The program is scheduled to begin 30 days after the President signs the legislation. 

Complete program details are still being finalized with the government on how this program will be fully implemented and executed at the dealership.

To get out ahead of the competition, we are taking a very proactive approach in ensuring are fully briefed on the program.  Below are answers to a few commonly asked questions.

In addition, we will have complete program information on company websites by Wednesday, June 24 where consumers can calculate the combined fuel economy of their current vehicle and determine the amount of voucher funds that could be applied to their purchase.

This legislation is a win for consumers, the environment and our industry.  We pledge to provide you all the tools necessary so we are able to effectively assist customers.

The trade-in vehicle MUST fit the following criteria:

• Is in drivable condition
• Has been continuously insured and registered to the same owner for at least one year
• 1984 or newer model year
• For an automobile, has combined fuel economy of 18 MPG or less

 How many vouchers are available?  The U.S. government has approved funding for $1 billion for this legislation.  This program will end when the budget has been exhausted or on November 1, 2009, whichever comes first.  Consumer vouchers are available on a first-come, first-served basis.

What are the voucher amounts?  Depending on the combined fuel economy of a customer’s current trade-in and the new vehicle purchased, the amount is $3,500 or $4,500.  With an eligible trade in:

If customers purchase a passenger car, they will receive $3,500 if there is a 4 MPG improvement or $4,500 if there is a 10 MPG improvement.  New vehicle must have a combined MPG rating of 22.

If customers purchase a regular truck, they will receive $3,500 if there is a 2 MPG improvement or $4,500 if there is a 5 MPG improvement.  New vehicle must have a combined MPG rating of 18.

Can people combine this voucher with other rebates?  Yes, you can use this voucher with all Ford and GM rebates that you currently qualify for.

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