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What is the Automotive Stimulus Program?
Some of the leading U.S. Automotive Retailers are participating in a dealer stimulus program to help consumers left behind by the governments program. The dealer Stimulus Plan provides up to $4500 of additional trade-in value towards the purchase or lease of a new or used vehicle with improved fuel economy.
Does My Vehicle Qualify?
- Vehicle must be older than 2007
- Vehicle must be in working condition
- Vehicle has been owned and registered to the trade-in customer for at least 6 months
- No minimum mpg requirements
- Vehicles that are not eligible are: salvaged vehicles and vehicles with flood or frame damage
What type of car can I get?
- Replacement vehicle must have a minimum of 2mpg improvement
- Most New and Used Vehicles Qualify
- All makes and models
- No minimum mpg requirements
- No price restrictions
- Consumers cannot combine the governments program with this dealer stimulus plan
How is the additional trade-in value calculated?
Eligible consumers can receive up to $4500 of additional trade-in value calculated as a percentage of Kelley Blue Book “Fair” Trade-in Value. The amount of the Additional Trade-in Value is based on the mpg improvements described below.
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EPA MPG Improvement
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Additional Trade-in Value
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2-4 mpg improvement
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Consumers receive up to 10% of additional trade-in value above the adjusted Kbb.com Fair Trade Value
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5+ mpg improvement
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Consumers receive up to 20% of additional trade-in value above the adjusted Kbb.com Fair Trade Value
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Is this program available at all licensed dealerships?
No. Not all dealers are participating in the dealer Auto Stimulus Plan. To be connected with participating dealers visit www.AutoStimulusPlan.com
How do I know if a dealer is participating in the program?
Visit www.AutoStimulusPlan.com and complete the forms and it will be sent to a participating dealer in your area. If there is no participating dealer in your area we will have a dealer contact you to give you pricing.
Is this a government stimulus program?
No. This is a private dealer stimulus plan to help consumers who are not eligible for the governments program. To get more information about the government’s program visit www.Cars.gov
Am I limited to what new vehicle I can purchase?
The additional trade-in value is good towards the purchase or lease of all make and model, new or used vehicles, as long as it has a 2mpg improvement or better when compared to your trade-in vehicle. There are no price limits for the vehicle you decide to purchase.
I just traded in my old car for a new vehicle last month. Will I get some money back?
No. The program does not apply retroactively.
Can I lease or buy a used car to get more affordable payments?
Yes. Under the program, you may purchase or lease a new or used vehicle for any term.
Do I have to purchase a new vehicle?
No, you can lease a new vehicle with any term and you can purchase a pre-owned vehicle
Do I have to buy a vehicle or can I lease one?
No, you do not have to purchase. A lease is also eligible.
What is the purpose of the program?
The Automotive Stimulus Plan is a private sector program that provides additional trade-in value to consumers to make it easier for them to get into a newer, more fuel efficient vehicle. The program is designed to help the economy and the environment while reducing automotive inventory levels.
When does the program end?
The stimulus program was scheduled to end when the governments program ended but it has been extended through Nov 1st.
What is the Auto Stimulus Plan, who created it and who is participating?
Some of the largest automotive retailers in the country are participating in the Auto Stimulus Plan because it helps consumers who were left behind by the governments program. The program and its participating dealers are not affiliated with the government program. For more information about the government’s program visit www.Cars.gov. Participating dealers are domestic and import licensed new car dealers who have agreed to provide up to $4500 of additional trade-in value for consumers to get a newer more fuel efficient vehicle. The www.AutoStimulusPlan.com website and communication campaign was built by Level 5, an automotive marketing and consulting firm that specializes in creating and implementing integrated programs for Manufacturers, Associations and Retailers.
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