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Cash For Clunkers

Cash for Clunkers has ended, but we still have great deals on new and used cars and trucks.  So, please choose a link from the menu above to explore further!

Lake Shore Toyota Scion is ready to help you take advantage of the new Cash for Clunkers legislation, as soon as President Obama signs it and NHTSA (National Highway and Traffic Safety Administration) finalizes the rules.  We have quite a few models that will qualify, please contact us for details.  Below is some preliminary information about the program, or visit www.cars.gov.


Here are the program details, as outlined in the bill approved this week by the House and Senate.

Eligible new vehicles:

  • Cars must have combined highway and city fuel economy of at least 22 mpg.
  • Small light trucks must have combined fuel economy of at least 18 mpg.
  • Large light trucks must have combined fuel economy of at least 15 mpg.
  • Must have suggested retail price of $45,000 or less

Trade-ins:

  • Must be in "drivable condition"
  • Must have been continuously insured and registered to their owners for at least one year
  • Must be less than 25 years old
  • Must have combined fuel economy of 18 mpg or less
  • Must be turned in for scrappage

For a $4,500 voucher:

  • New cars must beat the trade-ins' combined highway and city fuel economy by at least 10 mpg.
  • New small light trucks must improve on the trade-ins' combined fuel economy by at least 5 mpg.
  • New large light trucks must beat the same-class trade-ins' combined fuel economy by at least 2 mpg.

For a $3,500 voucher:

  • New cars must improve on the trade-ins' combined fuel economy by at least 4 mpg.
  • New small light trucks must beat the trade-ins' combined fuel economy by at least 2 mpg.
  • New large light trucks must improve on same-class trade-ins' combined fuel economy by at least 1 mpg, or they must replace a larger-class light truck from model year 2001 or earlier.
  • The largest light trucks qualify if their trade-ins are the same size or larger and from model year 2001 or earlier.

Within 30 days of enactment, the government will publish a Web site that includes guidelines for determining eligible trade-ins, details on participation and a list of new vehicles that meet program requirements.

Other rules:

  • One voucher per person, and one voucher per trade-in for vehicles with multiple registered owners.
  • Qualifying leases must be at least 5 years long.
  • Vouchers may be combined with other federal, state or local incentives or vouchers.
  • Vouchers may not offset rebates or discounts offered by dealers or automakers.
  • Vouchers do not count as income for tax or government assistance purposes.

Lake Shore Toyota Scion is a Premier New and Used Car Dealer serving the Chesterton, Portage, Porter and Greater Valparaiso Areas in Northwest Indiana, as well as Michigan City and LaPorte county.

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