Quaker State offers cash reward for reaching 300,000 miles with its oil

If you're thinking of driving your car to the 300,000-mile mark, the maker of Quaker State oil will pay you as much as $3,000--as long as you use its oil.

The oil brand on Monday launched the Quaker State Cash Back Program as part of its updated limited-warranty program. According to the company, the warranty is one of the first of its kind that follows the vehicle makers' recommendation for oil changes instead of its own.

To be eligible for the payout, drivers need to register for the Quaker State Lubrication Limited Warranty at www.quakerstate.com. The vehicle must have been manufactured within the last 72 months and must have been driven less than 75,000 miles at the time of enrollment. Also, the owner has to use Quaker State's synthetic, synthetic blend or high-mileage oil formulations.

But be aware: No matter how sweet your triple-century ride is, Quaker State will only give you Kelly Blue Book trade-in value, at good condition, up to a maximum of $3,000. The average vehicle on the road is more than 10 years old, according to an R. L. Polk study.

By Jake Lingeman