Auto replacement subsidy up to 12,000 yuan

The subsidy for replacing old vehicles will be a maximum of 12,000 yuan, and the new program will be implemented before the end of 2009, said the City Services Committee of Shenyang, Liaoning Province.

Consumers who sell their cars in order to purchase new ones will get rebates from 3,000 yuan to 6,000 yuan, the Beijing News reported earlierie in July.

The originally program launched in July says that consumers who trade in their used mid-and small-sized trucks and some types of mid-sized passenger cars for new ones will receive a subsidy. Subsidies will also be given to consumers who sell vehicles that no longer meet the government's new emission standards but are still within their life expectancy.

Consumers can bring old vehicles to a reclaim station within a year through May 31, 2010 and can apply for subsidies between August 10, 2009 and June 30, 2010. Rebates will be paid within 15 working days after consumers provide a confirmation note from the recycling plant and show receipts for their new vehicles to the local government.

Agencies and Wang Yang contributed to this story

Check more details here: http://autos.globaltimes.cn/china/2009-10/478547.html

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