Quote:
Originally Posted by SmokeyTheBear
seems to be a bit of conflicting info, there is def a one year insurance stipulated in the gov rules so buying a junkyard clunker is out of the question according to the official rules as of jul 24, but it also states as long as the car has been insured for the last year regardless of name, so you could go buy a cheapo car that someone is using..
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http://thomas.loc.gov/cgi-bin/query/.../~c111hmqSCH::
(B) has been continuously insured consistent with the applicable State law and registered to the same owner for a period of not less than 1 year immediately prior to such trade-in;
the requirement of having a title is because you are actually signing your title over not to the dealer but the United States of America, so they can destroy the vehicle.
http://www.walletpop.com/blog/2009/0...money-ran-out/
this guy did the cash for clunker program and blogged about his experience. He was forced to go to his insurance agent and get proof.