Govt to suspend 'cash for clunkers'

[Sirrahsim]

I owe my brand new baby Chevy Cobalt (Katy) to this program
The program may not have been without its flaws but it worked out beautifully for us. We got rid of a gas guzzler worth no more than a grand or two and got $4500 for it.

I hope that they find a way to continue it for those people who still want to take advantage of it!

[Freedom]

When I heard this news, I immediately thought of "Katy" and how lucky you were to put this all together and get in on the ground floor, so to speak. You made it work for you!

From the article Laura's linked, it doesn't say anything about flaws (although I am sure there are some!), just that there are a whole lot more qualifying vehicles out there than they thought, and they are quickly using up the money assigned for the program.

[blue]

While Im glad the program did help some people, I am glad its suspended and hopefully forever.

[Medusa]

The "flaw" is that the dealers are afraid that they won't get paid. Apparently, the govt. agrees. Nice.

[kokopup]

i heard on the news that there was enough money for 250,000 cars. They are saying that only 50,000 cars have been traded in so why are they out of money. Something doesn't compute.

[lvpets2002]

A guy here at work got his new car Wed.. He got a $15,000.00 car for $6,700.00.. He did for sure have a clunker bad.. I told him he was so lucky to have his trade in done..

[kokopup]

A guy here at work got his new car Wed.. He got a $15,000.00 car for $6,700.00.. He did for sure have a clunker bad.. I told him he was so lucky to have his trade in done..

Something doesn't compute here either. He got $8300 for his clunker That's almost double the allowance.