>Under the “Cash for Clunkers” program, consumers may trade in their older vehicles and receive vouchers worth up to $4,500 toward the purchase or qualified lease of a new, more fuel-efficient car or truck. The program will be authorized from July 1, 2009 to November 1, 2009 with $1 billion in emergency funding.
The trade-in vehicles must: 1) Be in drivable condition, 2) Be continuously insured and registered to the same owner for at least one year, 3) Have a combined fuel economy value of 18 mpg or less (Work trucks must be pre-2002 regardless of mpg), 4) Not be more than 25 years old with historic or aesthetic value. These vehicles are valued by hobbyists or are a valuable source of restoration parts.
Voinovich joined three other Republicans to hand Senate Democrats the 60 votes needed to get this expensive project added to the war funding bill. [article submitted]