Thursday, August 20, 2009

Cash For Clunkers Still Has Money to Spend

We live in the Antelope Valley California and are getting alot of emails from our readers asking if the Auto dealers in the AV are still offering the cash for clunkers incentives. Next post we will try to give you a list of which Antelope Valley Auto dealers are still offer "cars".

WASHINGTON – The Obama administration is developing plans to wind down Cash for Clunkers program and could announce by Friday when the incentives will no longer be available.

Transportation Secretary Ray LaHood said Wednesday the department would announce within 48 hours how it intends to discontinue the cash for clunkers program that offers car buyers rebates of $3,500 or $4,500 for trading in older vehicles for new, more fuel-efficient models. Department officials met with trade groups on Wednesday to discuss how the program will eventually end and respond to complaints over a backlog of rebate payments to dealers.

By KEN THOMAS and DAN STRUMP

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