Dealers Set Up Auto Stimulus Plan

Seeing their sales sky rocketing and then in threat of smashing back down, several large automotive retailers in the US thought of their very own version of the Car Allowance Rebate System (CARS), The so called Automotive Stimulus Plan was created by retailers to complement the government's program and to compensate for some of the gaps that don't allow consumers to purchase pre-owned vehicles or choose a short term lease.

The new incentives can be used by customers for the purchase of pre-owned vehicles and the lease of a new vehicle for any term that makes their payments more affordable. The new program has fewer requirements than CARS, easier paper work and it doesn't even require any down payment.

"The $2 billion that lawmakers approved is helpful but we still have consumers who can't afford to take advantage of the program and we had to do something about it," Rick Case, owner of Rick Case Automotive Group in Florida, Georgia and Ohio said in a joint release of the dealers. "Consumers will pay less a year to drive a newer car because the payments are so low and the gas and repair savings are so high."

Below are listed the requirements of the Automotive Stimulus Plan:

• Current vehicle is a 2006 or older
• Current vehicle is operable
• Current vehicle has been owned for a minimum of 6 months
• Current vehicle has been registered for a minimum of 6 months
• Current vehicle has been insured for a minimum of 6 months
• The replacement vehicle has to be more fuel efficient

For additional information, the dealers have set up a website, which was initially scheduled to go live today, August 3, but has been postponed until Tuesday, August 4.

"We intended for our Stimulus Plan to compliment the government's program but now it may have to take its place when the government funds run out," Vince Sheehy, Sheehy Automotive Group in Washington DC, Virginia, Maryland and Baltimore representative added.