Dump That Oldsmobile: Cash-for-Clunkers is Here!

Congress has passed its scrap rebate bill providing cash vouchers torwards the purchase of new vehicles.  The voucher will cover $3,500 for a vehicle 4 mpg (combined) better than the one being replaced, and $4,500 for one 10 mpg better.  Vehicles eligible for the scrappage program must be from the 1985 to 2001 production years.