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You accept three weeks to get the Monte Carlo running, at atomic able-bodied abundant to drive it to a dealership. The “Cash for Clunkers” program, which will pay consumers a abatement of up to $4,500 against the acquirement of a new car if they about-face in an older, beneath able car, is about to begin.

Autoblog reports, “When President Obama active the Cash-for-Clunkers bill into law aback on June 24, the Transportation Department was accustomed 30 canicule to set the official rules and regulations for the affairs that will put the plan into motion. According to the official CARS (Car Allowance Abatement System) site, NHTSA intends to get the accomplishment done a day aboriginal by July 23.”

The affairs is appointed to end on November 1, 2009 – although Congress has provided alone $1 billion account of funding, so the affairs could end beforehand if it runs out of funds.

Be alert of any dealership that offers to bang a accord afore July 23. A website the Department of Transportation has set up to administrate the affairs warns, “While the CARS Act makes affairs on and afterwards July 1 potentially acceptable for credits beneath the CARS program, absorbed dealers and consumers may wish to delay until all of the abundant issues that have to be addressed in the implementing regulations are bound and the final aphorism is issued.” Dealerships aren’t banned from acting early, but the DOT warns, “If banker accept to anatomy a transaction afore the final aphorism is issued, they will buck the risks associated with afterwards demonstrating that the transaction meets all of the blueprint of the final rule.”

If a dealership offers to action a transaction early, buyers should accomplish abiding they accept the acclaim immediately, and not on July 23. The website explains, “The dealers should…give the acclaim to the customer at the time of such transaction. The banker would be reimbursed by NHTSA afterwards if the banker registers and submits.”

That hasn’t chock-full some dealerships, and some carmakers, from jumping the gun. The Wall Street Journal reports, “SmartUSA, the U.S. sales arm of the minicar cast endemic by Daimler AG, is alms able barter the befalling to use their auto bucks as the down transaction on a Smart Fortwo they can drive abroad for $99 a ages for three years, afterwards which there’s a airship payment.” Some are even piggybacking their own incentives on the government’s effort. The Journal notes, “AutoNation, Inc., the better U.S. car-retailing chain, affairs to action barter who use auto bucks to buy a new car an added $100 for every mile-per-gallon advance they accomplish replacing an old car with a new one.”

For data on how to authorize for the government’s program, see our Banknote for Clunkers FAQ.

To accumulate up to date on the latest developments, analysis out our Banknote for Clunkers page, area we’ve aggregate the latest banknote for clunkers account and what it agency for you all in one place.