AKRON (Aug. 10, 2009) — To mine the overall success of the federal government's “Cash for Clunkers” incentive a bit deeper, some of the largest automotive retailers in the country have created their own “Auto Stimulus Plan” to provide up to $4,500 in additional incentives to consumers to apply toward the purchase of a used vehicle.
Unlike the government-funded program—officially called the Car Allowance Rebate Systems (CARS)—all trade-in vehicles model year 2006 or older are eligible for the car dealer group's Auto Stimulus Plan. And according to the Web site www.autostimulusplan.com, which has been set up to inform the public about the program, the plan's incentives can be used towards the purchase of a pre-owned vehicle and a lease of any term.
To get pricing information, the Web site has a form consumers can fill out which is then sent to a licensed dealer who will contact prospective buyers about information on the vehicles they select.
The specific Automotive Stimulus Plan incentives vary by the make and model of the vehicle selected and are offered in different forms in every state due to automotive advertising rules and regulations, autostimulusplan.com said. To get pricing information, consumers need to:
* Submit a request for pricing information by completing the form on the group's Web site;
* A participating dealer will contact them to schedule an appointment to evaluate their current vehicle; and
* Visit a dealership to select and purchase a new vehicle and all applicable incentives will be applied to the purchase or lease of a new or pre-owned vehicle.
All Auto Stimulus Plan incentives are in addition to the government incentive program for consumers who are eligible. The program requirements are:
* Current vehicle is a 2006 model or older;
* Current vehicle is operable;
* Current vehicle has been owned and registered for a minimum of six months;
* The replacement vehicle has to be at least 2 mpg more fuel-efficient; and
* Incentives vary based on current vehicle and desired vehicle.
If there is not a participating Auto Stimulus Plan dealer in a market, the Web site said it will have a licensed dealer who is not participating in the program contact a consumer to provide pricing information on a vehicle selected.
The program's Web site said it is “funded and promoted by the some of the largest automotive retailers in the country. Participating dealers are domestic and import licensed new car dealers who have agree to provide additional incentives for consumers to get a newer more fuel-efficient vehicle.” Automotive marketing and consulting firm Level 5, which set up the Web site, said it “specializes in creating and implementing integrated programs for manufacturers, associations and retailers.”