Plenty Car
betaYou are not Logged in!
Do you want to Login or Register
Request New Password
Cash for Clunkers Is Nearly Over
Cash for Clunkers is up and running, but many believe that it will not last as long as it was supposed to. The arrangers of the program had two limits: either run it till November 1, or till the time the Department of Transportation will run out of money set apart for CARS: $1 billion.
Americans really loved the program and by the amount of “clunkers” given up at the participating dealerships it becomes obvious that the program will not last long. According to rumors the Department of Transportation is ready to announce the end of the Cash for Clunkers due to depletion of money any moment. Some people were expecting a statement like this last night, but it did not happen.
The representatives of DOT say they have not scheduled any announcements and if there was any, it would first appear on the official website: www.cars.gov.
As of yesterday morning $220 million has already been used. However, dealers think that there was more money used than this and the end of the Cash for Clunkers is a matter of few days.
Get Low Rates with our partners:
Cheap Tires:
Auto Accessories:
Get Car Insurance Quotes:
Related Stories
Cash for Clunkers Is Almost Over
Today is the last day for the government program Cash for Clunkers. Although they expected it to last till November, it took only one month to use $3 billion in funding. The U.S. Department of Transportation is going to end the program at 7 p.m. Central time today, August 24.
Ford Increases Truck Production
It seems that Cash for Clunkers really pulled automakers out of economic troubles and low sales. The manufacturers do not worry any more about sales and are counting the great profits after the program. Ford is so excited about big auto sales that it decided to increase the production by adding shifts to the truck plants in Missouri and Michigan.
Motorcycles Are Left out of Cash for Clunkers
It is interesting that Cars Allowance Rebate System or CARS more known as Cash for Clunkers has not included motorcycles although they are really fuel efficient on the roads. Many people wonder why American government wants to move people to new gas sipping vehicles, but does not consider bikes which can easily get 40 mpg.
GM Offers Zero-Percent Financing
Cash for Clunkers has great popularity and its funds are thinning out very quickly. President Obama was delighted to hear this news and signed a document which allows extending the program with additional $2 billion in funding.
Popular content
Today's:
Plenty Car Tracker
Content tags
Who's online
Syndicate
