The controversial ‘Cash For Clunkers’ scheme has been signed off by President Obama in the USA.

Under this scheme the US Government will help buyers pay for a more fuel efficient car or truck if they trade in a less fuel efficient vehicle.

Whilst it has been widely welcomed by the motor trade it does have its detractors.

A generous trade-in allowance will be applied to the used vehicle, but conditions apply, and that’s where the controversy sets in.

In simplified terms, here’s what happens

1. The trade in ......

Bankrupt?

 Closing Down?

Lost export orders?

Being sold off?

We’ve heard all the rumours and speculation from scaremongers following the ......