The federal government is changing the original “cash for clunkers” program so some Wisconsin drivers won’t be excluded.
The Car Allowance Rebate System program required a car be insured for at least one year prior to trade-in for a consumer to qualify for the rebate of up to $4,500.
But U.S. Sen. Russ Feingold, a Democrat, said current Wisconsin law doesn’t require drivers to have insurance. That means about 15 percent of state drivers could be excluded.
In a news release, Feingold said Transportation Secretary Ray LaHood agreed to the change.
Originally, $1 billion was earmarked for the program, but that was used in less than a week. The U.S. House has approved $2 billion more. The Senate is scheduled to consider the measure this coming week.
Was this article valuable?
Here are more articles you may enjoy.
CyberCube: Insured Loss Estimate From AWS Outage Likely About $40M
Old Republic to Acquire Small Farmowner Insurer Everett Cash Mutual
GEICO Sues Medical Firms in Florida, NY Over Alleged No-Fault Auto Fraud
Breaking: Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case 

