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How the 'clunker' program works

To qualify for the $3,500 federal rebate, consumers must:

Purchase or lease a new passenger car that averages at least 22 mpg as estimated by the EPA and averages at least 4 mpg more than the clunker being given up for scrap.

Or. Purchase or lease a light truck such as a compact or midsize SUV, minivan or compact pickup truck that averages at least 18 mpg and gets at least 2 mpg more...

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