Dealers Pulling Out of Clunkers Program Citing Not Getting Paid

Hundreds of car dealerships in New York are pulling out of the “Cash for Clunkers” program today citing fears that the government may not be able to properly reimburse them.

The program offers up to $4,500 dollars per vehicle for customers purchasing a more fuel efficient car or truck. However the dealerships must pay the rebates out of pocket, and then must wait to be reimbursed by the government. The program has been and administrative nightmare so far, the initial funding for the program was burned through in only 4 days.

Cash For Clunkers Program “GREAT SUCCESS” Runs Out Of Cash In Four Days

“Cash for Clunkers may have run out of cash, but America’s consumers haven’t run out of clunkers. We’re going to work with the Obama administration to keep this wildly successful program going until it reaches its goal of helping take 1 million gas guzzlers off the road”