WilliamH
Elio Addict
That program took place in 2009 https://en.wikipedia.org/wiki/Car_Allowance_Rebate_System
But if you look it up now, it appears that it's still exists in a modified version http://www.cashforclunkers.org/
That program was to get "junk" cars off the road and get people to buy "New".
Great idea, but the fat cats got greedy (again) and started bumping the price of new cars up.
And they don't give you anything for trade-ins, but they sure mark those trade-ins up after.
A lot of "used" cars cost almost as much as New
The problem was that at the time many people were trading in 3 or 4 year old cars so they could get the credit on a new one, and those traded cars never made it to the used market.