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QCOSTARICA – In the first week fo the Programa de Adquisición de Vehículos Eficientes (PAVE) –  Acquisition Program of Efficient Vehicle, a total of 25 vehicle owners, during the Expomovil car show, traded in their clunkers for a new, more environmentally friendly one.

This was announced by the director of the Association of Importers of Vehicles and Equipment (Asociación de Importadores de Vehículos y Maquinaria  – AIVEMA), Liliana Aguilar.

The PAVE is a pilot program between the MINAE (Environment Ministry), the Banco de Costa Rica (BCR) and the Instituto Nacional de Segurso (INS), offering with loans of up to 100% for environmentally friendly vehicles.

The program includes the older vehicles being unregistered, thus they can no longer circulate and financing of the new, more energy-efficient and loss pollutant vehicle, by the BCR at a fixed rate of 6.25% for the first three years.

The project was launched on March 6, 2015, at the opening of the Expomovil, that ran until March 15 and saw some 48.000 visitors.

The prices of the select group of vehicles qualifying in the PAVE program range in prices between US$15.000 and US$17.000, that includes models like the Hyundai Accent, Kia Picanto, Ford Fusion SE Hybrid and Volkswagen Crossfox, among others.