Would you buy a 35.5 mpg smart car at $99 a month?

Bloomfield-Hills based smart USA is taking advantage of “Cash for Clunkers” legislation to offer consumers a new car for as little as $99 per month for the first three years.

President Obama this month signed into law the Car Allowance Rebate System (also known as “Cash for Clunkers”), which provides rebates for those interested in upgrading to newer fuel-efficient vehicles. The fleet of smart vehicles, made by Germany-based Daimler AG, averages 35.5 mpg.

To get in on the smart USA promotion, you’ll have to first qualify for CAR (see if you do) and then sign up with smart for special financing via Daimler Financial.

CLICK HERE -  TO SEE IF YOU QUALIFY:

For a smart car selling for just under $14,000, buyers using the stimulus can sign a balloon note that will reduce the their monthly payments to $99 per month over three years.

The terms of the loan obligate them to refinance a residual value of $6,670 at the end of the term, (smart USA President Dave) Schembri said. Buyers can also trade in the vehicle at the end of three years.

The program will launch later this month. You can register now at the smart USA web Site.

CLICK HERE to REGISTER!

SmartUSA says ” As the number “1″ U.S. brand in fuel efficiency, smart is the only brand that already exceeds the Obama Administration’s 2016 CAFE requirement which mandates a fleet average of 35.5 mpg. The smart fortwo is the most fuel efficient, non-hybrid, vehicle on sale in the U.S. at 41 mpg. The smart fortwo is certified as an Ultra Low Emissions Vehicle (ULEV) by the California Air Resources Board and is an Environmental Protection Agency “SmartWay” vehicle which recognizes its low greenhouse gas and air pollutant scores.

Under the CARS program guidelines, the smart fortwo will qualify for the highest credit level of $4,500 upon the trade in of an eligible vehicle. When this credit amount is applied to the purchase of a new smart fortwo, qualified customers could receive payments as low as $99 per month*.

The CARS program is expected to launch later this summer. However, interested consumers can register below now! By registering below you will receive an acknowledgement from smart USA and you will be contacted by your local smart center, to fully explain the program and $99/month financing offer within 24 hours. smart USA has set aside a limited number of vehicles for immediate delivery with the official launch of the CARS program.”

So what about it?

There’s been some recent debate about whether consumers actually want more green vehicles. Would you consider trading in your best-selling but now aging Ford F-150 for a smart car?

We love to hear from you!

Sources include:  Jonathan Oosting | MLive.com