cash for clunkers
Old-car trade-in program
Cash for clunkers refers to government programs that offer rebates or incentives for trading in old, fuel-inefficient vehicles toward the purchase of newer, more efficient ones.
The phrase became widely known during the 2009 U.S. program officially called CARS (Car Allowance Rebate System): We traded in the old minivan through cash for clunkers.
The term now applies loosely to any trade-in incentive program for outdated equipment.
- rebateReturned portion of payment
- trade-inCredited used goods
- trade-in valueCredit for surrendered item
- junkyardSalvage storage site
- stimulusWhat prompts a reaction
dealership · scrapyard · fuel-efficient · fuel economy · jalopy · old beater · beater · voucher · car allowance · crushing · incentive · Obama · recession · showroom · gas-guzzler · salvage · scrap metal · emissions
- Financial Crisisfinancial crisis, Great Recession, recession, credit crisis, bank failures
- Obama EraBarack Obama, Michelle Obama, Joe Biden, Obamacare, Affordable Care Act
- green incentivescarbon credits, carbon tax, carbon offsets, energy rebates, tax incentives
cash for clunkersluxury tax
Tariff on high-end goods
carbon tax · congestion pricing · excise tax · road tolls · sin tax
cash for clunkersausterity measures
Policies reducing government spending
spending freeze · consumption tax · belt-tightening · fiscal conservatism
cash, cashed, cashing, cashes, cashier, clunker, clunkers, clunk, clunked