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SUNDAY, NOVEMBER 22, 2009
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'Cash For Clunkers' Safe: White House

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(Newser) – The rumors of the “cash for clunkers” deal’s demise have been greatly exaggerated, the White House said today, promising that the trade-in program will continue even after consumers have used up its allotted $1 billion. “If you were planning on going to buy a car this weekend using this program, the program continues to run,” said spokesman Robert Gibbs.

Auto dealers said yesterday that they’d been told to stop offering customers rebates for their cars because the plan was swiftly running out of money. But Gibbs says the administration is confident it can hammer out an extension with Congress. Carl Levin, however, warned it's a limited-time offer. “We don’t know how long it’ll last,” said the Michigan Democrat. “People should go to their car dealers now.”

A
A "Cash for Clunkers" sign hangs in front of a Subaru car dealership in Oregon City, Ore., Monday, July 27, 2009.   (AP Photo/Rick Bowmer)
A car turned in as a clunker sits in a recycle dumpster at Capitol City Buick Pontiac GMC in Berlin, Vt. Tuesday, July 28, 2009.
A car turned in as a clunker sits in a recycle dumpster at Capitol City Buick Pontiac GMC in Berlin, Vt. Tuesday, July 28, 2009.   (AP Photo/Toby Talbot)
A woman shops for a car at Springfield Auto Mart in Virginia. Above her is a car that was dumped in a dumpster as a visual promotion for the government cash-for-clunkers program.
A woman shops for a car at Springfield Auto Mart in Virginia. Above her is a car that was dumped in a dumpster as a visual promotion for the government cash-for-clunkers program.   (AP Photo/Rutland Herald, Vyto Starinskas)
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5 comments
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Reader65069154
Jul 31, 09 12:14 PM CDT
Rephrased: Another unbudgeted government cost over-run. Reply
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-1
QueenAlli
Jul 31, 09 1:01 PM CDT
Where are all those commentators from last night's article saying it ran out of money? Reply
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IN RESPONSE:
godawgs
Jul 31, 09 2:02 PM CDT
because it was almost out of the 1 billion that they allocated for it. now they have allocated more money. it's the one thing that has worked so far.
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CyCarConsulting
Jul 31, 09 1:59 PM CDT
I've spoken to several dealers today and the program is working so well, the fear is now, of running out of cars. Some dealers will not have cars to sell you even if you need one. My suggestion is to get out there now,if you need a car from this program. Stay home if you are not participating in the program. This is not the time to be casually looking for a car. Stores have a shortage of help for all the traffic they are getting. Reply
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radnip
Aug 2, 09 5:41 PM CDT
I hope someone reminds the buyers that they're taking on debt, a car loan, that they're supposed to be paying on. So let's hope all those people have thought of that before signing up for a new car. Reply
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