"We have the money and we do to it. That's it," said Dell'Orco.
President Obama signed the legislation authorizing the $1 billion program, which will go through November, in attempt to get gas-guzzlers off the road.
The program asks the following criteria:
- New car must have a fuel efficiency of 22 MPG
- 4 MPG improvement from old car = $3,500 voucher
- 10 MPG improvement from old car = $4,500 voucher
SUVs and light-duty trucks
- New car must have fuel efficiency of 18 MPG
- 2 MPG improvement from old car = $3,500 voucher
- 5 MPG improvement from old car = $4,500 voucher
Toyota of Santa Monica started selling under the "Clunkers" program Saturday. The dealership sold 102, doubling normal sales. Of the cars sold, 52 were Prius hybrids.
Burgee /*Jeeps*/ reported a 40 percent increase in sales.
"I'll look at anyone and talk to anyone. I'm looking for the best deal. And I want the quality and the warrantee too. So I want to be sure that Chrysler is going to be around to service my warrantee," said Jim Chabrin, who was shopping for a car Monday.
If your trade in is worth more than $4,500, then the "Cash for Clunkers" program may not be worth it.