Cash For Clunkers

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As the author of a blog that deals with Atlanta and real estate, it’s my duty to address traffic/cars/driving at least once a month, and tax credits- in some way, shape or form- at least once a week. Thanks to the Federal Government’s Car Allowance Rebate System (It spells CARS! Get it!?), I have the opportunity to hit both quotas in one fell swoop.

CARS– aka Cash For Clunkers- is a one billion dollar program designed to help stimulate the auto industry while also cleaning older, fuel-inefficient vehicles off of the road. Participants have the opportunity to reap as much as $4,500 if they trade in a vehicle that gets less than 18 mph for one that achieves a minimum of 28 mph. The program is available to everyone, regardless of income, and will run until November 1- or when the billion dollars runs out- whichever happens first.
Check out this interesting “”Cars For Clunkers Demystification Chart“”. For another perspective, check out ABCNEWS.com’s hard-hitting analysis of the program.
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Jon

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Jon Effron is widely regarded as one of the leading Realtors in Atlanta, working with both buyers and sellers throughout the metro area to maximize their real estate investments. In 2014, Jon was the #1 individual agent at Keller Williams Intown, one of the largest brokerages in Intown Atlanta. Prior to becoming a Realtor, Jon was the Vice President of Development at Tujay Group, an Atlanta real estate development firm. His career pre-real estate included stints at ABCNews.com, eGroups (now Yahoo! Groups) and Elite Traveler magazine, where he served as the Vice President of Marketing.