Now again, GM Canada is now joining Ford in the Canadian version of Cash for Clunkers.

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CARS has proven to be popular but does it really benefit the environment?

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If you are planning to buy a new car, you may want to wait until July 23rd. At that time, the government will release the final details of the Car Allowance Rebate System (aka: Gas Guzzler Rebate Program). The program works as follow, if you trade in an eligible car for a new car that is 4 MPG or better, you’ll get $3,500 instant rebate from the dealer. If your new car is 10 MPG or better, you’ll get $4,500 instant rebate.

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Cash for clunkers is a auto industry friendly law, not a consumer friendly one.

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