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Asked: Jul 22, 2009 - 01:45 PM

Status: Closed

Cash for Clunkers> Can I get the gov't credit if I trade in a truck that is in my business name.

Cash for clunkers program. If I have a vehicle registered in my business name can I trade it in for the credit on a new car?

In News & Events > Legislation
In News & Events > Legislation > Cash for Clunkers
2 answers - 123 days ago

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Edmunds.com Staff Answers

avatar

greenghost

Date: Jul 22, 2009
Time: 16:55

TBD. We don't know yet, awaiting guidance from NHTSA on the final rules of the program, which will be announced by friday.

avatar

greenghost

Date: Jul 24, 2009
Time: 13:35

NHTSA released final rules this morning. The
agency "has concluded that individuals as well as legal entities, such
as corporations and partnerships, may participate in the program.
However, a person may not trade in a vehicle owned by someone else
under the program."

The rules also state "a person may participate in a transaction that receives a credit under this program only once."

You can
trade in one of your company vehicles for the program.

Answers

avatar

greenghost

Date: Jul 22, 2009
Time: 04:55 PM

TBD. We don't know yet, awaiting guidance from NHTSA on the final rules of the program, which will be announced by friday.

avatar

greenghost

Date: Jul 24, 2009
Time: 01:35 PM

NHTSA released final rules this morning. The
agency "has concluded that individuals as well as legal entities, such
as corporations and partnerships, may participate in the program.
However, a person may not trade in a vehicle owned by someone else
under the program."

The rules also state "a person may participate in a transaction that receives a credit under this program only once."

You can
trade in one of your company vehicles for the program.

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