CARS Program Law and Legal Definition
Consumer Assistance to Recycle and Save Program is a program established by the Consumer Assistance to Recycle and Save Act of 2009. It is a voluntary program established in the National Highway Traffic Safety Administration. The Secretary of Transportation is responsible to administer the program.
Under this program, the government will provide $3,500 or $4,500 to help consumers purchase or lease a new, more fuel efficient car, van, sport utility vehicle or pickup truck from a participating dealer when they trade in an old, less fuel efficient vehicle.
Some specifications related to the program are:
1. Eligibility: A voucher issued under the Program shall be used only in connection with the purchase or qualifying lease of new fuel efficient automobiles that occur between July 1, 2009 and November 1, 2009.
2. Number of vouchers per person and per trade-in vehicle: Only one voucher must be issued for a single person. More than one voucher must not be issued for the joint registered owners of a single eligible trade-in vehicle.
3. Combination of vouchers: A combination of vouchers is not allowed. Only one voucher issued under the Program must be used for the purchase or qualifying lease of a single new fuel efficient automobile.
4. Additional Fees: A dealer participating in the program must not charge a person purchasing or leasing a new fuel efficient automobile any additional fees associated with the use of a voucher under the Program. [111 P.L. 32].
The following is an example of a federal regulation defining the term:
According to 49 CFR 599.102, CARS Program means the program authorized under the Consumer Assistance to Recycle and Save Act of 2009, which NHTSA refers to as the Car Allowance Rebate System.
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