For those of you that have qualified, how long did it take for the approval process to go through? Immediate, a few hours, day or days? I realize that it depends on several factors such as whether or not the system crashed, to whether or not the dealer has been approved, but assuming things go basically ok....how long?
Somewhere between an hour and a half and two hours. Walked in. Car was spotless and ready for test drive. We liked it. We decided to buy it (pre-rehearsed price via email/telephone). Signed a bunch of papers, wrote check and took keys. Haven't heard a thing from the dealer since. Keep in mind, my '87 F-150 was definitely a qualifier although had you seen 'er you wouldn't have believed she was 22 years young. That big 4.9L inline six still had much life left BUT...$4500 is $4500! And at 15 or 16 mpg real world, time to part ways babe... It was fun.
According to our salesman, our approval went through the same day he put it through. But, today, he called me to ask if I could bring back the window sticker, he said they were just told today that they needed a copy of it. Maybe when they went to put in for the voucher, the system asked for a copy of the window sticker.
So ridiculous that they're coming up with new crap after the system is rolling. I just can't believe that the government doesn't try to pilot some of these projects before they roll it out for the whole country to use.
"The U.S. Department of Transportation has ruled that deals involving cash for clunkers trade- CARS logo - 220.JPGins based on old mileage numbers and consummated before July 24 will be honored, but deals consummated after July 24 on vehicles that became ineligible as clunkers due to mileage ratings changes will not be honored."
That's bullsh*t if this is the case!! Dealers and consumers who struck deals before they were supposed to are ok??? But those dealers and consumers that waited as instructed for the official start of the program are screwed????
I have a 1995 Mercedes Benz with 148,000 miles. I checked into fueleconomy.com and called a ford dealer and found out that the car does not qualify for the cash for clunkers incentitive. I was told that too many cars do not qualify and that the dealership only was able to accept 1 car. It is obvious that the government will need to reevaluate the qualifications otherwise the cash for clunkers will not be successfull.
It is obvious that the government will need to reevaluate the qualifications otherwise the cash for clunkers will not be successfull
It is highly succesfull. I don't think they can afford to make to many more eligible.
It is no different then when some one needs a 740 credit score to get a 4% rate. The ones with 740's think it is fantastic. The guy with the 739 hates the program.
From what I can gather, from the time we request the money to the time we actually get it will be 13-15 days. It takes 3-5 days to get your claim approved and then 10 days to get the money after approval
The 4.9 (300 cubic inch) Ford engines were one of the best engines ever produced by anyone. The were tough and powerful and they lasted forever.
And, I'll bet you maintained it well.
So now, that sweet little engine will get it's oil drained and it'll get a death mixture of silicate poured into it and it's life will grind to an end in about three minutes.
Has anyone gotten credit from a dealer for meaningful salvage value? We just installed a new battery and headlights (I know, dumb) two months ago, but wonder if dealers are willing to complicate things further. Most recent dealer says approval should be within 24-48 hours.
So now, that sweet little engine will get it's oil drained and it'll get a death mixture of silicate poured into it and it's life will grind to an end in about three minutes.
Oh stop it, you're bringing a tear to my eye!
My grandmother's cousin, who lives next door to me, recently had an F250 4x4 pop up in her driveway. Not sure of the year, but it's the '80-86 "shark-nose" style. I asked about it...turns out it's her son's ex-wife's son's truck. I guess that would make him her ex-step-grandson? Anyway, Mom & the new stepdad had it at their place and told him to get rid of it, so it showed up here. I'm curious to go see what engine it has. It's so filthy that I don't even know what color it is...I think it was white, but now looks sort of a grayish-cream. But it looks solid and rust-free.
If's a six it's the 300 Cubic inch. It could have about three other engines.
Didn't mean to make you cry but could you stand there and watch them do that to one of your cars? A car that served you well that you took good care of?
Not a "pissing match" at all. It's just that I don't think you have any idea of the exposure the stores face.
And I don't think you have any idea what kind of exposure I face in my job as a Pediatric ICU nurse. Pointless argument. I hope you are doing your job properly, and you hope I am doing mine properly.
To me it looks like you think...
They wouldn't do what I wanted + BAD STORE
They did want I wanted = GOOD STORE
Um, no actually:
They whined and complained to my face about having to process this rebate = BAD STORE
They completed this BUSINESS transaction efficiently = GOOD STORE
If dealers don't want to participate,,,,then don't.
about how some dealers are holding up delivery of the new cars until they get their dealership registered. the new car 'owners' seemed more anxious than upset. pretty smart of joel to work with the system during 'off peak' hours.
2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
You have a tough and important job but that has nothing to do with this.
Thye shouldn't have "whined and complained". They should have been professional and I know a lot of stores aren't.
I agree. If they don't want to participate, they shouldn't. The stores that do need to take the steps necessary to protect themself if the program runs out of money.
Some GOOD STORES are probably on the edge financially and a couple of big hits could push them over.
‘Guzzlers’ funds may run out before Nov. 1, NADA says
July 30, 2009 - 11:37 am ET UPDATED: 7/30/09 2:43 p.m. ET
The cash-for-guzzlers program may run out of its $1 billion funding "well before" its Nov. 1 expiration date, a spokesman for the National Automobile Dealers Association said today, after the government said dealers have already applied for 10 percent of the funds.
....As of 4 p.m. Wednesday, dealers had submitted 22,782 deals worth $95.9 million in reimbursements, NHTSA said today in a statement.
That's an average of $4,209.26 per deal, indicating that a majority of sales include $4,500 vouchers
.....(NHTSA spokesman Rae) Tyson said he did not know how long it would take for dealers to receive their payments. The government's www.cars.gov Web site says it will take about 10 days for voucher money to appear in dealers' accounts after each request gets approved.
He pointed to his comments Wednesday in an interview with Automotive News, when he said NHTSA was taking steps to ensure that if the program budget is exhausted, dealers would not be left holding the bag for credits they paid to customers without getting reimbursed.
"We will not, repeat will not, put those dealers at any risk in terms of transactions they may have in the pipeline," Tyson said Wednesday
It sounds like they will make sure dealerships don't get screwed, which is good news for customers worried that dealerships are going to hang them out to dry.
That's 10% in five days, but again even Tyson himself could be wrong about the number of requests for C4C vouchers in the pipeline when he made his comments.
If it was really 10% in five days, though, then I guess the program could make it into September...
2014 Mini Cooper (stick shift of course), 2016 Camry hybrid, 2009 Outback Sport 5-spd (keeping the stick alive)
ha ha, the funny thing is when i asked my own accountant about my transaction, he had no clue what to make of it!
yeah i dont believe my aunt has gifted anything before but if she has to pay taxes to get full ownership of the vehicle then that kind of defeats our purpose, which is obvi to get out of paying taxes 2x. even though she is a cosignor on the loan with the company (and the owner) she would still have to pay taxes to remove the co. from the loan/registration??
it really doesn't matter if her name stays on the vehicle, or if mine is ever on the vehicle (although i figured it would make things easier), we really just don't want the car to be on the company's books very long.
can you think of any other loophole?
if not, i guess my 4500 gov't credit will turn into more of a 3k credit, which is better than a sharp stick in the eye...
Traded my clunker in, went by the book and had all required paper work. Clunker passed as 18 mpg. Wrote check out for the difference and two hours later I was finished. Dealer would not give me the title for the car. They said I would get the title after they recieved their money from the Gov. Am I wrong by thinking this is BS. I went by the book and did everything that was asked from me. Now I feel my title that I paid for is held hostage. I signed no waiver. They said the deal will be complete when they get their check. Why am I paying for the insurance if basically they are saying they still own it. - Anyone
You are paying insurance on the new car because the dealer wouldn't have let you drive it away otherwise. You could have refused to pay the insurance, but then you wouldn't have the new car.
I have a 1995 Jeep 4x4 Grand Cherokee. It qualifies for a trade in at 16 combined mpg. Bought a new 2009 Mercury Milan v-6 on JULY 1, 2009, . It DOES NOT QUALIFY due to 21 combined MPG. I got skrewed out of $3500 big time. Thanks Obama for nothing.
You probably started your insurance too early. Our current insurance carrier said that the new car is automatically covered when it's driven from the dealers. We just need to add it to our policy as soon as we bring it home.
We went through all the paperwork as well (as if we made the purchase) except for writing the check to the dealer. That will be done when our C4C application gets approved, or maybe even when the dealer receives the money. I'm not sure which. But I feel that the dealer did as much as they could to secure the deal for them and for us. At this point, it's just they are not sure if they will actually get the check from the government even though we can't think of any reason why not. They need to protect themselves, which is perfectly understandable. As much as I like to drive the new car home, I will be patient.
I finally got through CARS hotline after a few attempts, and also heard that as of today, the approval turnaround may take 4-7 days, and for the dealers to get the check after approval it will be even longer. That's okay. We've been driving a clunker for at least one year, and half a month more will not kill us.
Hey andre, is your Silverado your only C4C-qualifying vehicle? All the others are older than 25 years, right?
Yeah, the Silverado's the only one that would qualify. It's a 1985. My next newest car(s) would be the New Yorkers, 1979 models, and then the '76 LeMans, '67 Catalina, and '57 DeSoto. And even if any of them did qualify, I'd never do it. I look at the more as oversized toys then cars anyway, so it would be hard for me to part with any of them. Although I'll admit that every once in awhile, I've thought about just trying to find the nicest '79 New Yorker in existence and then selling off my other two, in the hopes that would quench my R-body fetish. But, probably not, as the things end up being sorta like lost strays that I take in. :P
And even the Silverado, I wouldn't want to C4C. If the circumstances were different, perhaps. Say, it was my only vehicle and I had a 40-50 mile or more commute, like some of my cow-irkers, and didn't really need a truck. It's only rated at 13 mpg combined, so to get the full $4500, I think I'd only have to find something that got 23 mpg combined or better. Basically, any midsized 4-cyl should be able to top that, and I guess some of the V-6es could, too.
But, I like having a truck, and would rather have a cheap, paid-off truck than have to run out and buy another one. And I know what's wrong with this one. If I C4C'ed it and then went out and bought another old truck, say, the F-250 that I can see from my window in my neighbor's driveway, who knows what kind of problems that thing could have?
As for my 2000 Intrepid, it's rated at 21 mpg combined, so it's too efficient to qualify. Maybe, if the circumstances were different and say I'd bought a Crown Vic instead of an Intrepid back on November 6, 1999, I might be tempted. Only problem there is I'd have to get something that got 28 mpg combined to qualify for the full $4500...most cars that I'd normally go for would only qualify for the $3500. And then, if the car was still running as reliably as my Intrepid is, I would be reluctant to C4C it.
If's a six it's the 300 Cubic inch. It could have about three other engines.
Yeah, and being an F250, I guess there's a good chance it just might have a 460 under the hood! My guess though is probably just a 302 or 351.
And no, I think I'd have a hard time watching a car of mine get crushed, especially if it was something that had been in the family for a long time, and it had been a reliable, faithful car. Sorta make me think of that Little House on the Prairie episode where Pa Ingalls was about to shoot Laura's dog because he thought it had rabies...even though it was perfectly fine! :surprise: I guess I just get too sentimental.
Oscar, do you have the new car in your possesion? If so that is why you are paying insurance.
C4C or no C4C we never give the title on the day of the transaction because it has not been issued in your name yet. All they have is the MSO, we apply for the title and the state mails it to you 6 weeks later. Guess what I am saying is they don't have your title, the state still needs to issue you one.
If someone is doing there own title work we do not give them the paper work to do it until 10 days after there check clears.
We are in the same situation as you. I was able to contact someone inside the DOT and he confirmed you have a side-by-side printout showing that you clunker is eligible on the data of purchase, the NHTSA will/should honor the deal. Contact your dealer and confirm they have the side-by-side printout from July 24th. Let me know if you need more help.
Yup, on msnbc.com Apparently, the gov't is worried about running out of $$ and the dealers are worried about the back log. I admit,I didn't think this would go over that well. Guess I was wrong.
Wow...that didn't last long. From what I read, they (the government) can't keep track of the deals and the paperwork is a nightmare. They have no idea how many deals are actually pending out there so don't know how much money they have spent.
Of course, it is a government program - they aren't used to having to actually adhere to a budget :P or keep track of details :shades:
Hopefully, they will get all the kinks worked out and program rebooted. At least for the original amount of the bill.
WASHINGTON — The government suspended its $1 billion 'cash for clunkers' program Thursday night amid worries about slow processing of sales deals, dealer confusion — or even fears it may run out of cash months before it was due to expire.
The Obama administration is telling lawmakers that its much-touted "cash-for-clunkers" program is already running out of money and will be suspended Thursday night, according to three Senate aides familiar with the discussions.
The program - aimed at giving at boost to the U.S. auto industry — was supposed to expire at the end of October. But in the one week since it took effect, it appears to have run dry of the $1 billion allocated to it, aides said Thursday.
The White House will need to decide whether to push for more money at a time when it's also pushing an ambitious and expensive domestic agenda - or let the program fade after it was touted as a way to help Detroit while improving the environment.
But in the one week since it took effect, it appears to have run dry of the $1 billion allocated to it, aides said Thursday.
Wow!
Now the Hyundai dealers are looking very smart. The dealer I went to started taking C4C deals on 7/27, and could not enter the deals into the system on that day.
I am the second owner but I do have original papers. The lady who was the first owner kept everything original. When I went to dealer they joked that car's paper work is probably worth some money. On a driver's door there is a sticker that said that car is manufactured in Canada.
Thank you, cyclone83. Good luck with your situation as well. Just wanted everyone to know that there is an online petition to amend the current program (original intent of the website was to change the program when it was up for renewal on Nov 1): http://www.nocashforclunkers.com/
i knew it was going to run out fast but wow. i got mine in yesterday afternoon but who knows if the paperwork has even been processed yet...they were so backed up at my toyota dealership.
i wish they gave more details on the suspension...like how are they going to handle those that have already paid for their new vehicles and did all the paperwork and were just waiting for verification...
no one is answering the phones right now at my dealership...
I had my ducks lined up for the $4500 government rebate for our 87 Ford Crown Vic a week before the program started. Our 87 Ford Crown Vic qualifed for the $4500 rebate a week ago at 18 mpg but now no longer qualifies after the "refreshed" mpg at 19 mpg. My husband and I looked at new cars, but since my husband will be retiring next year and we can't use the rebate, we will no longer be looking for a new car this year, next year or probably ever. It was not fair that the cars program eliminated cars that qualified last week and when people were already talking to dealers and had papers signed. If the program was retroactive to July 1 to dealers, then the mph ratings should have been retroactive too. You don't change the rules in the middle of the game. The "refreshed" mph should not have been posted until after the program is over. This was very unfair. It's like giving someone a gift and then taking it away.
Of particular concern to dealers is fact that they must destroy the clunkers and provide proof they have been destroyed before they can even apply for the government voucher. If the money runs out, the dealers must honor the deal and be out the reimbursement.
My dealer told me that my car won't be killed if the voucher is not paid. Maybe a "fake kill"?
Well, the title to my clunker went missing, and I was all set to drive a couple of hours to the state capital tomorrow to get a replacement (the only way you can get same day service). Now I find out the program is "suspended" until they figure out how much money they've already spent.
Guess I'll be driving the clunker a while yet. Unfortunately I already sold my "good" used car in anticipation of funding the down payment on a new one. So in my case I'll be putting miles on a 13-mpg clunker instead of on a 31-mpg used Civic.
Nice environmental impact. . .
I suspect that the program will be re-launched in three or four weeks, once the backlog is cleared. The enforcement will be substantially the same, but the procedures for reimbursement will have been clarified, perhaps with an instant certification by electronic means--which would automatically attach an encumbrance of the appropriate sum of money to the destruction of a particular clunker. This is a basic accounting principle, analogous to filing a travel authorization request before embarking on a business trip, and following it up with an expense statement upon returning.
We just got word to stop doing them. We have been told it is suspended. I think the Guv just needs time to see how much money they have spent so far then it will crank up again. That is just my opinion
i hope so - have you guys stopped processing the applications for those customers that already signed the purchase of sale and were just waiting for their vochures...?
I am going to stay here tonight and process everyone we have delivered so that way they are in today, then we will go into the wait and see mode.
We have not been holding the cars, if you brought the correct paperwork and the cars.gov site say your car qualified then we delivered the car. I think some dealers have been holding the car waiting on the funding. If thats the case plan on waiting 13-15 days to pick up your car
Comments
So ridiculous that they're coming up with new crap after the system is rolling. I just can't believe that the government doesn't try to pilot some of these projects before they roll it out for the whole country to use.
That's bullsh*t if this is the case!! Dealers and consumers who struck deals before they were supposed to are ok??? But those dealers and consumers that waited as instructed for the official start of the program are screwed????
It is highly succesfull. I don't think they can afford to make to many more eligible.
It is no different then when some one needs a 740 credit score to get a 4% rate. The ones with 740's think it is fantastic. The guy with the 739 hates the program.
Sloppy stores can and do have BIG problems.
Just not worth ti.
The 4.9 (300 cubic inch) Ford engines were one of the best engines ever produced by anyone. The were tough and powerful and they lasted forever.
And, I'll bet you maintained it well.
So now, that sweet little engine will get it's oil drained and it'll get a death mixture of silicate poured into it and it's life will grind to an end in about three minutes.
Just seems like such a waste.
Most recent dealer says approval should be within 24-48 hours.
Oh stop it, you're bringing a tear to my eye!
My grandmother's cousin, who lives next door to me, recently had an F250 4x4 pop up in her driveway. Not sure of the year, but it's the '80-86 "shark-nose" style. I asked about it...turns out it's her son's ex-wife's son's truck. I guess that would make him her ex-step-grandson? Anyway, Mom & the new stepdad had it at their place and told him to get rid of it, so it showed up here. I'm curious to go see what engine it has. It's so filthy that I don't even know what color it is...I think it was white, but now looks sort of a grayish-cream. But it looks solid and rust-free.
Didn't mean to make you cry but could you stand there and watch them do that to one of your cars? A car that served you well that you took good care of?
I know, it's just a car but still...
And I don't think you have any idea what kind of exposure I face in my job as a Pediatric ICU nurse. Pointless argument. I hope you are doing your job properly, and you hope I am doing mine properly.
To me it looks like you think...
They wouldn't do what I wanted + BAD STORE
They did want I wanted = GOOD STORE
Um, no actually:
They whined and complained to my face about having to process this rebate = BAD STORE
They completed this BUSINESS transaction efficiently = GOOD STORE
If dealers don't want to participate,,,,then don't.
the new car 'owners' seemed more anxious than upset.
pretty smart of joel to work with the system during 'off peak' hours.
Thye shouldn't have "whined and complained". They should have been professional and I know a lot of stores aren't.
I agree. If they don't want to participate, they shouldn't. The stores that do need to take the steps necessary to protect themself if the program runs out of money.
Some GOOD STORES are probably on the edge financially and a couple of big hits could push them over.
What about the Intrepid?
2014 Mini Cooper (stick shift of course), 2016 Camry hybrid, 2009 Outback Sport 5-spd (keeping the stick alive)
July 30, 2009 - 11:37 am ET
UPDATED: 7/30/09 2:43 p.m. ET
The cash-for-guzzlers program may run out of its $1 billion funding "well before" its Nov. 1 expiration date, a spokesman for the National Automobile Dealers Association said today, after the government said dealers have already applied for 10 percent of the funds.
....As of 4 p.m. Wednesday, dealers had submitted 22,782 deals worth $95.9 million in reimbursements, NHTSA said today in a statement.
That's an average of $4,209.26 per deal, indicating that a majority of sales include $4,500 vouchers
.....(NHTSA spokesman Rae) Tyson said he did not know how long it would take for dealers to receive their payments. The government's www.cars.gov Web site says it will take about 10 days for voucher money to appear in dealers' accounts after each request gets approved.
He pointed to his comments Wednesday in an interview with Automotive News, when he said NHTSA was taking steps to ensure that if the program budget is exhausted, dealers would not be left holding the bag for credits they paid to customers without getting reimbursed.
"We will not, repeat will not, put those dealers at any risk in terms of transactions they may have in the pipeline," Tyson said Wednesday
http://www.autonews.com/apps/pbcs.dll/article?AID=/20090730/ANA05/907309982/1078- &AssignSessionID=173357438780107
(registration link)
It sounds like they will make sure dealerships don't get screwed, which is good news for customers worried that dealerships are going to hang them out to dry.
That's 10% in five days, but again even Tyson himself could be wrong about the number of requests for C4C vouchers in the pipeline when he made his comments.
If it was really 10% in five days, though, then I guess the program could make it into September...
2014 Mini Cooper (stick shift of course), 2016 Camry hybrid, 2009 Outback Sport 5-spd (keeping the stick alive)
yeah i dont believe my aunt has gifted anything before but if she has to pay taxes to get full ownership of the vehicle then that kind of defeats our purpose, which is obvi to get out of paying taxes 2x. even though she is a cosignor on the loan with the company (and the owner) she would still have to pay taxes to remove the co. from the loan/registration??
it really doesn't matter if her name stays on the vehicle, or if mine is ever on the vehicle (although i figured it would make things easier), we really just don't want the car to be on the company's books very long.
can you think of any other loophole?
if not, i guess my 4500 gov't credit will turn into more of a 3k credit, which is better than a sharp stick in the eye...
I went by the book and did everything that was asked from me. Now I feel my title that I paid for is held hostage. I signed no waiver. They said the deal will be complete when they get their check. Why am I paying for the insurance if basically they are saying they still own it. - Anyone
We went through all the paperwork as well (as if we made the purchase) except for writing the check to the dealer. That will be done when our C4C application gets approved, or maybe even when the dealer receives the money. I'm not sure which. But I feel that the dealer did as much as they could to secure the deal for them and for us. At this point, it's just they are not sure if they will actually get the check from the government even though we can't think of any reason why not. They need to protect themselves, which is perfectly understandable. As much as I like to drive the new car home, I will be patient.
I finally got through CARS hotline after a few attempts, and also heard that as of today, the approval turnaround may take 4-7 days, and for the dealers to get the check after approval it will be even longer. That's okay. We've been driving a clunker for at least one year, and half a month more will not kill us.
Yeah, the Silverado's the only one that would qualify. It's a 1985. My next newest car(s) would be the New Yorkers, 1979 models, and then the '76 LeMans, '67 Catalina, and '57 DeSoto. And even if any of them did qualify, I'd never do it. I look at the more as oversized toys then cars anyway, so it would be hard for me to part with any of them. Although I'll admit that every once in awhile, I've thought about just trying to find the nicest '79 New Yorker in existence and then selling off my other two, in the hopes that would quench my R-body fetish. But, probably not, as the things end up being sorta like lost strays that I take in. :P
And even the Silverado, I wouldn't want to C4C. If the circumstances were different, perhaps. Say, it was my only vehicle and I had a 40-50 mile or more commute, like some of my cow-irkers, and didn't really need a truck. It's only rated at 13 mpg combined, so to get the full $4500, I think I'd only have to find something that got 23 mpg combined or better. Basically, any midsized 4-cyl should be able to top that, and I guess some of the V-6es could, too.
But, I like having a truck, and would rather have a cheap, paid-off truck than have to run out and buy another one. And I know what's wrong with this one. If I C4C'ed it and then went out and bought another old truck, say, the F-250 that I can see from my window in my neighbor's driveway, who knows what kind of problems that thing could have?
As for my 2000 Intrepid, it's rated at 21 mpg combined, so it's too efficient to qualify. Maybe, if the circumstances were different and say I'd bought a Crown Vic instead of an Intrepid back on November 6, 1999, I might be tempted. Only problem there is I'd have to get something that got 28 mpg combined to qualify for the full $4500...most cars that I'd normally go for would only qualify for the $3500. And then, if the car was still running as reliably as my Intrepid is, I would be reluctant to C4C it.
Yeah, and being an F250, I guess there's a good chance it just might have a 460 under the hood! My guess though is probably just a 302 or 351.
And no, I think I'd have a hard time watching a car of mine get crushed, especially if it was something that had been in the family for a long time, and it had been a reliable, faithful car. Sorta make me think of that Little House on the Prairie episode where Pa Ingalls was about to shoot Laura's dog because he thought it had rabies...even though it was perfectly fine! :surprise: I guess I just get too sentimental.
C4C or no C4C we never give the title on the day of the transaction because it has not been issued in your name yet. All they have is the MSO, we apply for the title and the state mails it to you 6 weeks later. Guess what I am saying is they don't have your title, the state still needs to issue you one.
If someone is doing there own title work we do not give them the paper work to do it until 10 days after there check clears.
Apparently, the gov't is worried about running out of $$ and the dealers are worried about the back log.
I admit,I didn't think this would go over that well. Guess I was wrong.
Of course, it is a government program - they aren't used to having to actually adhere to a budget :P or keep track of details :shades:
Hopefully, they will get all the kinks worked out and program rebooted. At least for the original amount of the bill.
The Obama administration is telling lawmakers that its much-touted "cash-for-clunkers" program is already running out of money and will be suspended Thursday night, according to three Senate aides familiar with the discussions.
The program - aimed at giving at boost to the U.S. auto industry — was supposed to expire at the end of October. But in the one week since it took effect, it appears to have run dry of the $1 billion allocated to it, aides said Thursday.
The White House will need to decide whether to push for more money at a time when it's also pushing an ambitious and expensive domestic agenda - or let the program fade after it was touted as a way to help Detroit while improving the environment.
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Wow!
Now the Hyundai dealers are looking very smart. The dealer I went to started taking C4C deals on 7/27, and could not enter the deals into the system on that day.
i wish they gave more details on the suspension...like how are they going to handle those that have already paid for their new vehicles and did all the paperwork and were just waiting for verification...
no one is answering the phones right now at my dealership...
My dealer told me that my car won't be killed if the voucher is not paid. Maybe a "fake kill"?
They were. Doesn't matter at the moment.
Guess I'll be driving the clunker a while yet. Unfortunately I already sold my "good" used car in anticipation of funding the down payment on a new one. So in my case I'll be putting miles on a 13-mpg clunker instead of on a 31-mpg used Civic.
Nice environmental impact. . .
I suspect that the program will be re-launched in three or four weeks, once the backlog is cleared. The enforcement will be substantially the same, but the procedures for reimbursement will have been clarified, perhaps with an instant certification by electronic means--which would automatically attach an encumbrance of the appropriate sum of money to the destruction of a particular clunker. This is a basic accounting principle, analogous to filing a travel authorization request before embarking on a business trip, and following it up with an expense statement upon returning.
We have not been holding the cars, if you brought the correct paperwork and the cars.gov site say your car qualified then we delivered the car. I think some dealers have been holding the car waiting on the funding. If thats the case plan on waiting 13-15 days to pick up your car
just hope they process it before its confirmed that funds are drained...
I don't know what they were thinking.