The Federal government's incentive program to help bolster the country's ailing auto industry goes into effect today.
The so-called "Cash for Clunkers" program offers rebates to owners of certain vehicles if they meet certain requirements and buy a new, more fuel efficient vehicle.
Congress' $1B dollar initiative is designed to jump-start sagging auto sales while also promoting a greener environment. Consumers can get up to forty five hundred dollars OFF the purchase or lease of a new fuel efficient vehicle when they trade in their old gas guzzler.
The government will post even more details today on its website - CARS.GOV.