coondoggie writes "That old car of yours may soon be worth more to you than you think. A $1 billion cash-for-clunkers bill has been sent to President Obama for his signature, after the Senate approved the bill as part of a broader $106 billion war spending package. The idea is to stimulate car sales by offering as much as $4,500 to owners of older cars who trade in older, less-efficient vehicles. The act will go into effect 30 days after the president signs the bill, and will run through October 31.
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