Been thinking about getting rid of your current ride? Possibly even ditching the car altogether and using other means to get
around? Well, the Canadian government has a deal for you.
The government has instituted a program called Retire Your Ride. Currently set to expire at the end of March 2011, it is designed to take clunkers off the road. A clunker is defined as any vehicle from model year 1995 or earlier.
In order for a vehicle to be accepted into the program, it has to be in working order (engine turns over and the car can move, with no parts removed), and currently insured for the previous six months, in your name. Any vehicle up to 3,856 kilograms (8,500 pounds) will be accepted into the program.
What will they give you for turning over the keys?
There are a variety of rewards available to participants varying from province to province. These are all (with one exception) coordinated with various non-profit companies. In all provinces, you can get opt out of the program for a cash reward of $300.
If you are contemplating a new vehicle purchase, Ford, Chrysler, GM or Hyundai offer discounts as high as $3,000 on select vehicles. The discount tends to be on the more expensive or heavy vehicles.