August 21, 2009

Exchange Old Cars for $$$ or $$$$

Currently, all provinces offer an incentive program designed to encourage people to upgrade to more fuel-efficient cars. In BC, the program is Scrap It, for the rest of Canada; the program is Retire Your Ride.

For those who live in British Colombia, SCRAP-IT offers qualifying vehicle owners incentives to scrap their older vehicle. Incentives valued at up to $1,250 are offered for the choices with the highest greenhouse benefit. These incentives include rebates towards the purchase of very low emission vehicles, transit passes, or bikes.

Retire Your Ride offered in Alberta, British Colombia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Quebec, Prince Edward Island and Saskatchewan is a program that aims to reduce the number of high- polluting, older vehicles that are still on the road. In exchange for retiring a car of model year 1995 or earlier, the owner is able to choose from a variety of rewards. Retire Your Ride is currently in operation, and will run until March 31st, 2011.

In most of provinces, the offered cash is the princely sum of $300 for a clunker. In stead, people also choose to take the public transit vouchers, or buy bicycles or new cars receiving discounts. Each province is working with a network of not for profits to offer a variety of rewards- check out what’s offered in your province!

To be eligible, the vehicle must be a model of year 1995 or older, be in running condition, and, be registered and insured for at least the last 6 months before it is retired. You can’t just buy any piece-of-crap car to trade in and get $1000 off. The car must have been properly registered and insured for at least 6 months before you can qualify.

The only information you need to participate in the program is your Postal Code, Vehicle Identification Number (the number that appears on the dashboard of the driver’s side of the vehicle) and proof that your vehicle has been registered and insured for at least the past 6 months.

If you’re thinking about getting rid of a heavy-polluting old car, do so now in order to take advantage of the rewards offered by the Retire Your Ride program!

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