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High Speed Stuff Wrap-up: The Car Allowance Rebate System (CARS) Explained and Cash for Clunkers Scams

Scott Benjamin

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They say timing is everything. But after reading today's breaking news about the Car Allowance Rebate System (CARS) -- aka Cash for Clunkers -- being suspended after only a few days, which was shortly followed by the announcement that the program is to be extended, well...I've got to say, I think our timing is pretty good. And since the program has been headline news for a while, we've been attempting to keep up with the flow by publishing as much information about it as possible. In fact, if you check this blog every day, then you probably already know that I've been posting about it since late last week (with the exception of yesterday). And in addition to the blog posts, we even turned the focus of our High Speed Stuff podcast toward Cash for Clunkers...

This week, both of our weekly episodes published on Thursday as we scrambled to collect as much information as possible about the Cash for Clunkers program. Part of that information gathering involved finding a High Speed Stuff co-host that could school me in the program fundamentals. And that's how we found Jennifer Geiger, Online Managing Editor for Consumer Guide Automotive. She did a fantastic job of letting us know what the Cash for Clunkers program is all about, filled us in on the "clunker" qualifying criteria and provided me with answers to every question I had. Give this one a listen, and I think you'll agree that Jennifer is pretty knowledgeable about the ins and outs of the CARS program.

For our most recent High Speed Stuff episode, Ben was back in the studio, and even though the topic was the same, we had a distinctly different spin on it this time: scams. That's right. We talked about those dishonest (yet highly convincing) individuals and shady dealers that really aren't a part of the National Highway Traffic Safety Administration's official program. Just a quick word of warning: Watch out, some of these scam artists can be pretty believable, and a lot of them have convincing stories to go along with their slick Web sites, too. How serious can it get? Well, stolen identity serious. But the good news is that you can easily protect yourself from falling victim to one of these cons by following a few simple pieces of advice. Are you intrigued? Well, then head over to iTunes and listen to our latest High Speed Stuff podcast for all the details.

Anyway, that's what's happening this week. Remember, there's no charge to listen to our podcast, so why not give it a shot? Just don't forget while you're there to take the opportunity to browse through some of our older episodes and give us a little feedback. You can also let us know what you think in the comment section below, or if you'd rather send us an e-mail, you can do that, too. Ben always reads the address at the end of each podcast.

Podcast-related stuff: How the 2008 EPA Fuel Economy Ratings Work Scams How To Protect Against Identity Theft Consumer Guide Automotive How Podcasting Works


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