It's happened to thousands of people already, and the Texas Attorney General says it could happen to you if you're not careful.
The Cash for Clunkers program recently received an emergency fill-up to the tune of two billion dollars, but Texas Attorney General Greg Abbott says there are some things you need to know to make sure you're not taken for a ride, when you're looking for a ride.
No doubt about it... US auto makers got a huge jump start in July, thanks to Cash for Clunkers. Chrysler sales went up from June to July. General Motors had it's first sales increase in ten months. Ford's sales were up 2.3% percent from last year.
But, more people excited about the program means more scammers out there ready to take advantage. Greg Abbott says be careful about websites that promise to pre-register you for the program in exchange for your personal information... There's no such thing as pre-registering. You have to physically walk into the dealership to sign up.
Other politicians are issuing similar warnings. Democratic Senator Charles Schumer from New York says, "When someone says to you go online and says give us your name, address and social security number they are stealing your identity, your credit card number, and they are going to use it for a bad purpose."
The only legitimate cash for clunkers website is run buy the feds... It's www.cars.gov.
As the program gains speed, federal regulators say they will be intensely monitoring the situation and vigilant in guarding against fraud.
If you want to report a Cash for Clunkers scam, you can contact the Texas Attorney General at (800) 252-8011 or the US Department of Transportation at (800)424-9071.