If you have an old fuel inefficient vehicle and you're looking for a new car, the Cash For Clunkers program can give you up to $4500 towards a new car or truck. But is the program even a good idea?
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Cash for Clunkers
karenc 38 weeks 1 day 4 hours 1 min ago
Cash for clunkers will devastate car donations to charities because the amount of the voucher is so much greater than the tax deduction. The solution to boosting car sales is to just go back to allowing people to take the blue book value of their car when donating it to charity. Most cars that are donated to charity are recycled. Those that aren't have to be made roadworthy and pass inspection before they car be sold or given to the public. The result is less polluting vehicles on the road.
Karen Campese, CEO
Cars4Charities
http://www.cars4charities.org