Oshawa, Ontario – General Motors of Canada has announced its new “Cash for Clunkers” program, offering customers up to $3,000 towards a new GM vehicle when buyers participate in the federal government’s Retire Your Ride program.
The government program provides drivers with incentives, including $300 cash, when they trade in vehicles for recycling. Depending on the vehicle purchased, General Motors will add an additional rebate of $500, $1,000, $2,000 or $3,000 towards the purchase or finance of an eligible 2009 or 2010 GM vehicle.
To qualify, the recycled vehicle must meet the Retire Your Ride criteria: be 1995 model year or older, in running condition, and registered and properly insured for the last six months (12 months in British Columbia). The program is supported by the Government of Canada, administered nationally by the Clean Air Foundation, and delivered locally by environmental organizations in each province. Since February 2009, the program has permanently recycled almost 15,000 vehicles.