"Cash for Clunkers" was the informal name given to a government program formally known as the Car Allowance Rebate System (CARS). For a limited time during the summer of 2009, owners of cars that met specific eligibility criteria received a rebate as high as $4,500 if they turned in a "gas guzzler" car with poor fuel efficiency and bought or leased a new, more fuel-efficient vehicle. Details about the program can be found at this Web site: www.cars.gov.
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