Chicago—June 25, 2009—With the Cash for Clunkers bill having been signed into law, Cars.com has launched a guide to help consumers understand how they can take advantage of the new legislation and get a credit for trading in their old car and upgrading to a new, fuel-efficient model.
"Cars.com has all the information shoppers need to determine how they can best take advantage of the Cash for Clunkers bill when making a new-car purchase," Cars.com Editor in Chief Patrick Olsen said. "We've outlined the rules and regulations and provided a number of scenarios to help shoppers through the process."
"Say your 1999 Ford Crown Victoria gets a combined 18 mpg. You have your eye on a new 2009 Ford Taurus, but it only gets 21 mpg, according to EPA ratings. You aren't eligible for a credit, because if you're buying a new car (not SUV, truck or minivan), it must get at least 22 mpg," Olsen said. "However, if you opt for the 2010 Ford Fusion with a four-cylinder engine instead, you'll get a combined 25 mpg and a $3,500 credit. If you want a $4,500 credit but want to stick with Ford, you could get a manual 2009 Ford Focus (28 mpg combined) or a 2009 Ford Escape (24 mpg) or Escape Hybrid with either four-wheel drive (28 mpg) or front-wheel drive (32 mpg)."
In addition to information about the new Cash for Clunkers law, Cars.com can help shoppers navigate their new-car-purchasing process with tools that make it easy to identify vehicles that meet their needs. Shoppers can take advantage of the site's Vehicle Recommender, expert and consumer reviews, and new-car inventory search to find the right car and a dealer who has it. Features such as Best Gas Mileage by Vehicle Class make it easy to identify fuel-efficient cars, trucks and SUVs that are ideal for shoppers looking to take advantage of Cash for Clunkers.
For more information, a list of rules and regulations, and scenarios showing how Cash for Clunkers might affect consumers, visit www.Cars.com.
Cars.com is the leading destination for online car shoppers, offering credible, easy-to-understand information from consumers and experts to help buyers formulate opinions on what to buy, where to buy and how much to pay for a car. With comprehensive pricing information, side-by-side comparison tools, photo galleries, videos, unbiased editorial content and a large selection of new- and used-car inventory, Cars.com puts millions of car buyers in control of their shopping process with the information they need to make confident buying decisions.
Launched in June 1998, Cars.com is a division of Classified Ventures, LLC, which is owned by leading media companies, including Belo (N.Y.SE: BLC), Gannett Co., Inc. (N.Y.SE: GCI), The McClatchy Company (N.Y.SE: MNI), Tribune Company and The Washington Post Company (N.Y.SE: WPO).