Bill Pierre Ford

The Car Allowance Rebate System (CARS) was signed into law by President Obama on June 26 . Under the CARS program, also called the “cash for clunkers” bill, your older car may qualify for a vehicle voucher worth thousands of dollars on a more fuel-efficient new car. The program should begin around July 23 and is available until November 1, 2009.

Here are some answers to common questions about the CARS program. You can use the tools on AutoTrader.com to help you find the right high-MPG vehicle to make the most of the “cash for clunkers” law.