Cash For Clunkers Bill Participating Dealer to be Preston Automotive Group in Maryland
Late afternoon yesterday, Congress began steps to write the Cash For Clunkers Bill into law which would bring good news to Maryland Car Dealer Preston Automotive Group. The Cash For Clunkers Bill is an upcoming law which Democratic law makers hope to add to the Supplemental Appropriations bill conference report.
The final House vote resulted in 298 for the bill and 119 against the passing of the bill. If passed the law would set aside 4 billion dollars towards electronic cash rebates. The cash rebates would only be available to those who trade in a vehicle with estimated MPG ratings of 18 mpg or less. Other details for the rebate state that the trade-in must have been owned and registered for at least one year.
The amount of the rebate would depend on the EPA’s rating on the new car purchased. The max amount of the rebate could be $4500 on new cars granted that the new vehicle is rated at 10 more miles per gallon than their trade-in.
Dealerships across America are getting a jumpstart in order to prepare for the expected burst of sales. Preston Automotive Group serving the greater Maryland and Delaware area represents top brands like Ford, Lincoln, Mercury, Nissan, Hyundai and Mazda. They have already began informing their sales and financing staff of the new program.
David Wilson, President of Preston Automotive Group, stated, “Our network of dealerships has begun preparation for the new bill already by staying current with any and all information regarding the program. If and when the bill is passed we plan to be a participating dealer, doing our part to help get our customers into fuel efficient vehicles.”
With fuel efficiency being one of the most influential factors when purchasing new cars, the new Cash for Clunkers Bill would help bring the declining automobile industry out of the slope. The Congressional Budget Office estimates that 625,000 sales alone will be inspired by the bill while those backing the bill hope to see that number reach 1,000,000.
To learn more about the Cash For Clunkers Bill please visit http://www.cashforclunkersfacts.com/
About Preston Automotive Group
Preston Automotive Group services the Delaware, Maryland, Virginia and Pennsylvania area with Chevrolet, Ford, Lincoln, Mercury, Mazda, Suzuki, Hyundai and Nissan brands. The auto group carries the largest selection of new and used cars. Additionally, the dealership services all makes and models, both imported and domestic cars with ASE certified and factory trained technicians. Preston Commercial Division also has Fully Certified Ford & Cummins Techs.
To learn more, visit http://www.prestonmotor.com/
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