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Car Allowance Rebate System

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-efficient vehicle when trading in a less fuel-efficient vehicle. the program was promoted as providing stimulus to the economy by boosting auto sales, while putting safer, cleaner and more fuel-efficient vehicles on the roadways.