Dealers Ending "Cash For Clunkers"

By: Lauren Zakalik Email
By: Lauren Zakalik Email

It might be hard to believe Pat Sill's car was ever new. But it was-- two decades ago.

"'88. I bought it new in '88," the woman from Gaines says.

Now Sill is ready for a "new" new car, but she heard she had only until Monday to get $4,500 on her true clunker.

"So I decided to come down to do it," Sill says.

Sill isn't alone.

"We went from a 220-day supply of cars to a 20-day supply of cars. It's been a real turnaround," says Terry Hanks, owner of Sundance Chevrolet.

Hanks says they've sold about 150 new cars since the start of Cash For Clunkers just weeks ago, even though it's been a headache with the federal government's bogged down computer system.

"It's a good idea. The administration was a little off target but it's a good deal," Hanks says.

If you're looking to get rid of your clunker, you might want to come in sooner than later; dealers say it's better to get the paperwork started early.

"Getting into that computer system can be hard," Hanks says. "They want to have time on their side. Waiting until the last minute can be touchy."

In more ways than one.

The federal deadline for the program may be Monday night at 8, but some dealers are stopping taking new deals early-- like Shaheen Chevrolet, who will end Saturday at 4 p.m.

"You've got to have paperwork submitted by 8 p.m. Monday, and there's a strong possibility you can't even get on their computer system," says General Manager Jason Cords.

Whether it's Saturday, Sunday or Monday-- the reality is the program is about to run out.

The Secretary of State is closed Friday for a state furlough day, making it impossible to get immediate copies of your old car's title or registration. Those are needed for the Cash For Clunkers deals. The SOS will re-open Monday and will stay open late, until 7 p.m., to accomodate people.

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  • by tim Location: mich on Aug 24, 2009 at 07:00 AM
    Well if many think they can afford car payments a full coverage insurance so be it.the car companies and Some bigger insurance companies borrowed money from the gov.This so called deals will help payback what these companies borrowed.We will be paying their bills.While the little guy like used car lots will bite the bullet on this one.Hurting their bussiness.Maybe putting some out of bussiness.Many will not be called back to work in car related companies or will close.Hurting the little guy.If we really read between the line we can see clearly.MONEY TAKING CARE OF MONEY AT SOMEONES EXPENSE.Help some hurt a lot.I said no to this deal.Just sounded to good to be true.You know what they say about that deal.It's not really a deal just good bussiness tactics.
  • by beverly Location: Mich-kept my clunker on Aug 24, 2009 at 06:42 AM
    This hurt used car lots sales.So many got junked out.Perfectly good cars many would of bought.We may see a rise in used car prices,I hope not.The Government offer tricked many into buying.Help the auto companies.Will sales go right back down?Or will prices come down at least 4,000$ on a new car?Auto companies have let go thousands of worker,and some have left this country to get cheap labor other places.Many companies that made car parts,are selling companies,or closing and have laid off thousands too.Some may never get their jobs back and can't find any other jobs.If this cash for clunkers was a real deal,why would the government blow money like this?While important programs are being cut to the poor?Just before a big sale in a store,prices go up a few weeks before sale.The prices are marked way down.{Not really.}Just looks that way and we think we are getting a deal.How many cars will continue to be bought?Not many if prices stay up.Was this a deal?Or sales tricks?
  • by Nancy Location: Jackson on Aug 22, 2009 at 04:46 AM
    My problem with Cash for Clunkers is how are these people all of a sudden can afford a car payment and full coverage on the vehicle. What will happen when people realize they cannot afford these vehicles and there are no used vehicles to buy.
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