Great news for supporters of the Cash for Clunkers Bill.

The House and Senate lawmakers seem to have agreed on a $106 billion dollar wartime spending bill that includes $1 billion dollars for the Cash for Clunkers program.  A vote on the wartime spending bill is expected on Thursday, June 18th.

Consumers looking to get assistance with a new fuel efficient car purchase are one step close to qualifying for a $3,500 or $4,500 cash voucher.  This coupled with existing manufacturer incentives can add up to big savings.

For example, Hyundai is offering a $3,000 rebate on the purchase of a 2009 Hyundai Sonata.  If a consumer traded in an old clunker getting 15 mpg, their total cash incentives from the CFC program and Hyundai would total $7,500.  That total package will be very motivational for cash strapped Americans.

Detroit Auto News

According to a Detroit Auto News email blast:

“House and Senate negotiators reached agreement late Thursday
on a $106 billion wartime spending bill that includes $1 billion for a “cash
for clunkers” program to boost auto sales.

The House and Senate are expected to pass the compromise version of the
spending bill next week. But the $1 billion set aside for the auto-purchase
program is far short of the full cost of such an effort, estimated at $4
billion. The $1 billion is expected to fund the program through Sept. 30,
the end of this fiscal year, according to two congressional sources close to
the negotiations who asked to remain anonymous.”

Consumers Urged to Start Negotiations Now

Tags: cash for clunkers, house bill, senate bill