Archive for the ‘Guest Posts’ Category

The post below was a comment I received from DonateCarUSA.com in response to my post “Cash for Clunkers – Dealers Are Getting Rich“.  Due to the way formatting in comments squishes it all together in one large paragraph, I decided to post it here, instead.  Here it is…

You may have heard of the government’s new “Cash for Clunkers” program but do you know all the facts?

Friday, August 21, 2009 Update: Informed sources are projecting that the total $3 billion directed to Cash for Clunkers will be fully expended by Monday and the program will be winding down at that point. Some projections indicate that 700,000 new car sales, including a Cash for Clunkers component, are on the books or will be by Monday. There’s some talk of more funding for Cash for Clunkers, but with congress out of session until after labor day, that can not be immediate. Naturally, it will be some months before the car dealers themselves are fully reimbursed for qualified Cash for Clunkers purchases through the program. Read the rest of this entry »