How is the additional trade-in value calculated?
Eligible consumers will receive additional trade-in value calculated as a percentage of Kelley Blue Book “Fair” trade-in value published on KBB.com with adjustments made for year, make, model, equipment, condition, geographic area, reconditioning costs and local market conditions. The percentages are based on the following mpg improvements:
- 2-4 mpg improvement; Up to 10% of the actual Fair Trade Value offered by dealer.
- +5 mpg improvement; Up to 20% of the actual Fair Trade Value offered by dealer.
The maximum additional trade-in value a consumer can receive is $3,800.
Is this a government stimulus program?
No. This is a private dealer stimulus plan.
Am I limited to what new vehicle I can purchase?
You can purchase any make model, new or used, as long as it has a 2 mpg improvement or better.
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 new car to get more affordable payments?
Yes. Under the program, you may purchase or lease a new or used vehicle for any term. |