Recently assembled Chevrolet Malibus and 


Saturn Auras are loaded into railcars for transport 
around the country outside the General Motors 
Fairfax Assembly Plant in Kansas City, Kansas 
April 1, 2009.

The U.S. Senate passed a bill called cash-for-clunkers on Thursday which will provide cash vouchers of up to $4,500 to car owners who are willing to sell their old vehicles and trade them for new car or trucks with greater fuel efficiency.

The program will be authorized from July 1, to November 1, 2009 with $1 billion in federal funding.

It is expected to help the economy by boosting sales in the auto industry and help the environment with more fuel efficient vehicles.

Below are the requirements for the trade-in vehicles unveiled by the office of Senator Debbie Stabenow.

• Be in drivable condition

• Be continuously insured and registered to the same owner for at least one year

• Have a combined fuel economy value of 18 mpg or less (Work trucks must be pre-2002 regardless of mpg)

• Not be more than 25 years old with historic or aesthetic value. These vehicles are valued by hobbyists or are a valuable source of restoration parts.

New vehicles

• The new vehicle must have a manufacturer's suggested retail price of less than $45,000

• Passenger Cars: The older vehicle must get 18 mpg or less. New passenger cars with mileage of at least 22 mpg are eligible for vouchers. If the mileage of the new car is at least 4 mpg higher than the old vehicle, the voucher will be worth $3,500. If the mileage of the new car is at least 10 mpg higher than the old vehicle, the voucher will be worth $4,500.

• Small Trucks and SUVs: The old vehicle must get 18 mpg or less. New small trucks or SUVs with mileage of at least 18 mpg are eligible for vouchers. If the mileage of the new truck or SUV is at least 2 mpg higher than the old vehicle, the voucher will be worth $3,500. If the mileage of the new truck or SUV is at least 5 mpg higher than the old vehicle, the voucher will be worth $4,500.