Dealers Not Getting Cash for Their Clunkers
We at Automopedia wouldn’t dare say anything negative towards the US Government, we love ‘Merica!! Umm…but maybe you can give those dealerships, who took in thousands of Clunkers for you, the rest of their money? That’s right, car dealerships across the nation who participated in Cash For Clunkers are still waiting for the rest of their junker funds. Some still expect MILLIONS of dollars to come their way after car trade-ins, but have yet to see all of it.
When Cash for Clunkers was first announced, dealers were supposed to be reimbursed within 10 days of a sale. It may be a little naive to think a dealer would receive millions of dollars up front via Uncle Sam, but look at it this way – if your business was hanging on the promise of monies yet to be deposited you’d be antsy too. The USA has $2.878 billion left to hand out. Looks like it’ll be a light Christmas in the Obama White House.
Thanks peterj! Source: CBS2 News
I’m sorry bout the car.