Under the clunkers program, trade-in cars must get no more than 18 miles per gallon, have been built in 1984 or after, and have been owned and insured by the purchaser for at least a year. The miles-per-gallon rating refers to the Environmental Protection Agency's combined city-highway rating of a given model.
A consumer could then get a $3,500 voucher toward a car that got at least 22 mpg. The voucher will increase to $4,500 if the new car is 10 mpg higher than the trade-in. Consumers will also be able to use the vouchers toward the five-year lease of a vehicle.
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