CARS Car Allowance Rebate System Webinar NADA Members July 7, 2009 The Law President Obama signed the Consumer Assistance to Recycle and Save Act on June 24
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CARS Act requires the dealer to use the CARS credit in addition to rebates or discounts offered or advertised by the dealer and/or OEM. The dealer may not use this credit to offset these rebates or discounts.
Dealer can combine the CARS credit with other State and Federal incentives, e.g., the Hybrid vehicle credit.
Dealer must disclose best estimate of “scrap value” to customer
Dealer may retain $50 of that for administrative costs