Posted On: August 4, 2009 by Derek T. Braslow

Cash-for-Clunkers Scams

Going green is great – just don’t get scammed in the process.

On Monday, July 27, 2009, the Obama Administration’s Car Allowance Rebate System (CARS) – affectionately dubbed “Cash-for-Clunkers” – went into effect. The program incentivizes consumers to purchase newer, fuel-efficient cars by offering cash vouchers in exchange for gas-gazzling trade-ins.

But just yesterday the Federal Trade Commission warned consumers to be on the lookout for bogus “Cash-for-Clunkers” websites, which purport to require submission of personal information to check for eligibility in the program. Cash-for-Clunkers Alert. The FTC advises that there is only one official website for the program: http://www.cars.gov. Other unofficial websites may be nothing more than phishing scams designed to obtain personal information for purposes of identity theft or other fraud.

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