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Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
In such cases insurance companies declare a vehicle total loss and pay off the previous owner; [1] but, in others, it is issued only for losses due to damage. Under some circumstances, a salvage title denotation may be removed or replaced with a Rebuilt Salvage designation; [ 2 ] and cars imported to, or exported from, the United States may be ...
The Gambler 500, founded by Tate Morgan and the Oregon group began in 2014 as a challenge to see how far $500 cars could go. The first year had 14 cars, and in 2015 the number of participants increased to 28, then 31 in 2016. The Gambler 500 gained rapid popularity growth in 2017, with over 800 vehicles participating in Oregon.
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[5] [9] Scrap vehicles are purchased from junkyards and private owners, [1] usually for less than US$500, though some select (and rust-free) mid-1970s sedans and station wagons may go for more than $1,000. Vehicles are often patched up and re-used for several events.
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