Cash For Clunkers : Supended : No More Cash

[eglmainz]

As I am driving home, I heard this on the radio, so I had to post it:

The Cash For Clunkers has run out of money. AP is reporting this now, per CBS radio!

[blackpolish]

I bought a Prius V on Friday with the CARS program. Last night the salesman calls and asks me to come back to fill out some more paperwork. (2.5 hour drive one way). I complained and asked if they could send it via overnight. They said no. This morning I tooik off work and drove there and filled out the paperwork again. I am glad I was free and able to go today. I just hope the dealership submitted the paperwork this time!!!!

[plow]

The dealership filed our paperwork with the Feds Monday (we delivered it last Saturday). We were the first to have paperwork filed by that dealership. They have 30 clunker deals, none approved. This is not actually unusual.

The feds ejected our paperwork Wednesday. Today I brought in the original title to the clunker for them to stamp JUNK and send it back to the feds (that seemed to be the only problem).

Our 2010 is sitting on their lot marked SOLD has has been there for a week and we paid to add leather constituting a $ 1,400 deposit on the deal. We have a bottom line written up deal including the notation - $ 4500 C.A.R.S. on the Purchase Agreement. We no longer have title to the clunker. I too hope they filed the update. This will get interesting, fast.

[DianneWhitmire]

I am being told that Cash 4 Clunkers is over tonight, 7/30, at midnight. The Gov't appears to be out of money... and I can also see that stated up at CNBC.com as well.

Our dealership is not doing any more C4C deals after midnight tonight. Guess I am here till 12 midnight (again, sigh)....

Dianne

[Tech_Guy]

How in the world could The Government be out of money ?

They own the money printing presses.

Anyway, it was probably the best economic stimulus package the government ever created. For a brief time in history, the government did something that actually helped an industry critical to the U.S. economy.

Keith

P.S. Did I mention that it was also beneficial to the environment???

[viprius]

This is what I have received in email from one of the dealers from LA area:

We've just been informed by our corporate Toyota Representative that the government is concluding the Cash for Clunkers program effective at 11:59pm tonight. We'll be open to the final minute to fulfill as many of these purchases as we possibly can.

[Welshdog]

Originally Posted by Tech_Guy

How in the world could The Government be out of money ?

They own the money printing presses.

Anyway, it was probably the best economic stimulus package the government ever created. For a brief time in history, the government did something that actually helped an industry critical to the U.S. economy.

Keith

P.S. Did I mention that it was also beneficial to the environment???

It will be back. Too much of a win for the administration to let it die.

[creativeguy]

Strange. I just looked at the CARS.gov - Car Allowance Rebate System - Home - Formerly Referred to as “Cash for Clunkers” website and it says they have plenty of money left, updated this morning.

Oh. Just saw this article: Government suspends 'cash for clunkers' program - USATODAY.com

So yet another gov't screwup. Why didn't they have gov't run yards accept all the clunkers and then issue certificates good at participating dealerships? Then the gov't could maintain control over the process and the individual dealers wouldn't have such a hard time participating.

[Tech_Guy]

Ok, I've got a general business question for you Dianne....

How much did the Cash for Clunkers program stimulate sales in your region?

Keith

[Welshdog]

Originally Posted by creativeguy

Strange. I just looked at the CARS.gov - Car Allowance Rebate System - Home - Formerly Referred to as “Cash for Clunkers” website and it says they have plenty of money left, updated this morning.

There is a huge backlog of CARS deals not yet entered in the system or the website apparently.

This is a massive bag of suck for us since we planned to pick up our new 2010 Monday and use the CARS program to dump my old Volvo. I guess we will wait and see what happens. Maybe the dealer can delay something since we don't have a VIN number yet.