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Our friends over at Jalopnik have put together a nice rundown with all you need to know about this new potential incentive for people with older cars.

"Curious exactly how the Cash For Clunkers bill works? This handy chart and fact sheet provide all you need to know about trading in a beater Isuzu for a shiny new car.

Older Trade-In Vehicles:

* Must be in drivable condition;
* Have been continuously insured to the same owner for at least one year immediately prior to trade-in;
* Manufactured in model year 1984 or later; and
* Have a combined fuel economy of 18 mpg or less.

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Everything You Need To Know To See If You Qualify For The Cash For Clunkers Rebate

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