August 24th, 2009
12:25 PM ET
5 years ago

Cash for Clunkers: Only hours remain

The government-funded rebate program, popular with consumers, comes to its official completion on Monday.
The government-funded rebate program, popular with consumers, comes to its official completion on Monday.

NEW YORK (CNNMoney.com) – Cash for Clunkers is just about at the end of the road.

The government-funded rebate program, popular with consumers, comes to its official completion on Monday.

Dealers have until 8 p.m. to file claims for any deals. The government will not extend the deadline for filing claims, the Department of
Transportation said Monday morning.

The U.S. Department of Transportation had received 625,000 applications from dealers for Cash for Clunkers vouchers totaling $2.58 billion as of Monday morning, the DOT said.

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soundoff (49 Responses)
  1. makesUwonder

    Since I don't have a clunker I'm going to take a $4500.00 deduction on my taxes this year. I'm sure the libs won't have a problem with this since they want us all to be the same. What one gets or has, all should get or have. And if the IRS has a problem with this they can take it up with the Supreme Court.

    August 24, 2009 01:41 pm at 1:41 pm |
  2. joe m

    oh! now the government will keep a deadline. this on top of the fact that so many dealers are still waiting for their rebate money, some for nearly a month. this program will only trully be deemed succesful once all the participating dealers get their money. otherwise this is just yet one more gigantic waste of money that the government has cooked up and probably will stick the american public with the cost again.

    August 24, 2009 01:44 pm at 1:44 pm |
  3. TCM

    this wouldn't even qualify as a "flash in the pan," for our economy...not even a spark. What it did allow was for thousands of Americans to increase their debt by getting rid of something paid for, and acquiring a monthly payment. A monthly payment at a time when jobs are being lost in record numbers. In addition, it now delegates a large portion of money to one institution, i.e., car payment...instead of the individual spreading the money throughout the economy...

    While it's nice to "get," $4500...it's not free, and we're all paying for it....again, the liberal mindset of spending someone else's money. In addition, the trash created from prematurely junking cars; cars that could've easily been used for spare parts, doesn't do the "green agenda,' any favors...totally a cash for votes by the knucklehead.

    I'd like to see how many of the "participants," were ALSO recipients of Obama's mortgage bailout. No, this only increased our national debt...great job liberals...

    August 24, 2009 01:47 pm at 1:47 pm |
  4. Len in Washington

    I just wonder how many "Tea Party Members" are driving a new car now.

    August 24, 2009 01:49 pm at 1:49 pm |
  5. Doug, New Jersey

    So what happens when all the libs, who traded in their clunkers, are unable to make payments on a vehicle they had no business of buying? Sorry, I know the answer blame Bush was used when they couldn't afford the houses they should have never bought and tanked the economy when they stopped paying their mortgage and cried I’m a victim, but I don't think that will work this time around, well maybe with the 20% of mindless sheep lib Obama-bots who lack personal responsibility.

    August 24, 2009 01:51 pm at 1:51 pm |
  6. the real Mike in MN

    I'd rather spend billions getting gas guzzlers off the road then fighting an unneeded war in Iraq.

    August 24, 2009 01:51 pm at 1:51 pm |
  7. The Lonely Libertarian of Liverpool NY

    I'm not feeling the love here for our progressive and collective Big brother Government? DNC or RNC both are behind this waste of our money. We are nothing more than working taxpayer serfs. We have come a long way from the priciples of the founding fathers.

    August 24, 2009 01:51 pm at 1:51 pm |
  8. Sniffit

    I believe whining car dealers about as far as I can throw their cars. Fact: the overwhelming majority of car dealerships are owned by Republicans. I'm willing to bet $787B that at least half of them are trying to find ways to collect their payout while failing to destroy the clunker.

    BTW, that stat is 100% true. This is why the line of crap people were selling earlier this year was disproven about Obama "targetting" dealerships owned by Republicans for closure....you could scattershot them and hit something like 90% Republican-owned.

    August 24, 2009 01:54 pm at 1:54 pm |
  9. Kevin in Ohio

    A miserable failure. And the same government wants to run our healthcare? I don't think so!

    August 24, 2009 01:56 pm at 1:56 pm |
  10. nea

    Some of you knock this program but tell that to thousands that went to support it how much did they complain and for the dealership they know that the government will give them their money. And again i ask what about those rebate checks that G. Bush sent out a year or 2 ago what did you have to say about that it was government spending too and it did contribute to th national debt in case you forgot! I bet no one sent the checks back and complain its increasing the debt sounds like hypocricy to me.

    August 24, 2009 01:57 pm at 1:57 pm |
  11. Kevin B

    The auto's being purchased are being made throughout the US and in most cases by US workers and the program kept dealers in business, with even some re-hiring

    The program was a winner and only willfully ignorant or out right plain un-informed would state otherwise.

    What would you folks suggest? Oh I know, just let the auto industry go under and take 1 in 7 jobs with it

    Foolish, foolish......

    August 24, 2009 02:00 pm at 2:00 pm |
  12. I support our President!

    Only demented republicans would turn this wildly successful program on so many levels into something negative.
    Increased revenue
    Car lots selling out their inventory
    Banks who've approved loans needing to hire more people to process loans
    Removing gas guzzlers from the roads
    Dealerships needing to hire more workers
    etc.

    August 24, 2009 02:05 pm at 2:05 pm |
  13. republicans are evil

    You republicans didn't mind trillions of our dollars going to Iraq however you oppose money being spent in the USA. Wow, something is really wrong with you people.

    August 24, 2009 02:06 pm at 2:06 pm |
  14. Caesar the Great

    So what is the great plan for next year when nobody buys a new car???

    August 24, 2009 02:09 pm at 2:09 pm |
  15. Cindy

    The Cash for Clunkers program re-kindled the auto industry. It did what it was suppose to do. Cars moved off of lots, people who took advantage of the program now drive cars that are more fuel efficient. New cars are being manufactured to replace those that have been sold.

    Yes, it wasn't perfect... nothing ever is. But it did better than the entire industry just sitting around twiddling our thumbs waiting for that next shop to suddenly close it's doors one Monday morning, booting out all their employees. That's what they did, to Aloha Airlines, then ATA the following week. There was no program to save them. Or at the very very least, create a systematic, planned shut down.

    August 24, 2009 02:13 pm at 2:13 pm |
  16. CAL

    There are so many negative comments on this blog. Why can't you idiots look at the whole picture and take off your negative, republician blinders. This cash for clunkers not only helped sell cars but it help people who needed a car and not to mention the auto industry. so what they are foreign cars, hell you morons didn't complain this much when W was in office doing nothing, clowns!!!

    August 24, 2009 02:14 pm at 2:14 pm |
  17. RICO

    You people are sad, next thing you will start blaming Obama for the Sun being to hot, or for the wild fires in California. The program was a good program, it got people spending and moving the economy forward. I can't belive your crying about how people bought foreign cars. HELLO people those cars being sold are keeping alot of Americans employeed, not to mention that there where American cars on the top ten list too. Also think about it, people paid taxes on these cars they bought, so its not like it was a total lost. Its all the negative people like all of you that are bringing this country down, everyone always says its a bad idea, but can't come up with a good one of their own.

    August 24, 2009 02:15 pm at 2:15 pm |
  18. Mike in MN

    Only hours remain for the hand out to consumers to help them pay for a new car. But the wait continues for cash and credit strapped dealers to get their money from the government. Can't wait for the government to run a public health care option like they have cash for clunkers, the almost bankrupt Social Security and Medicare programs and the money losing US post office. And oh yeah, the new CBO projections say if Obama does not do something to bring goverment spending more in line with the tax revenue it brings in the national deficit over the next 10 years will grow by 9 trillion instead of the previous estimate of 7 trillion. Still don't see how a trillion plus dollar health care reform bill that the CBO says with add 230 billion to the national deficit is going to help reduce the deficit. I think we are doomed.

    August 24, 2009 02:20 pm at 2:20 pm |
  19. Truth shall set you FREE

    Cash for Clunkers was a resoundingly successful program. Only those that fear a successful Obama administration would argue otherwise. And, it was part of the stimulus package, so it is not additional funding, it is part of what has already been passed.

    August 24, 2009 02:21 pm at 2:21 pm |
  20. RealityKing

    I got my new SUV. It gets a whole 4 miles/gal more than my old SUV. Thanks..., SUCKERS!!!

    August 24, 2009 02:42 pm at 2:42 pm |
  21. More GOP noise!

    As much as certain people on the right want to detract for this program, it was a success. We all remember during that during the stimulus battle GOP congressional leadership was wining about how money wouldn't make it into the economy fast enough, that we needed massive tax cuts instead of infrastructure building. So, when a program does work, and does cause a large degree of consumer spending helping to boost auto sales, they complain that there should not put money into that program either. Then they complain it is all goes to foreign car dealers, but I am sure that if we would have put a "Buy American" provision on it they Mississippi, and other southern states would be complaining that we were being protectionist, and we should have included Toyota because that would have provided jobs in the South. If it were raining 100 dollar bills the Republicans would complain that president Obama did have an adequate disaster relief plan for all the paper cuts they would cause.

    August 24, 2009 02:42 pm at 2:42 pm |
  22. kingssman

    considering the program is out of money, it would seem a lot of people took advantage of it. Sorry to all of you folks that sat around and waited and twiddled their thumbs on the prospect of buying a new car, but this program was a success and as a result it injected 3 billion directly into the consumer economy and helped push dealers.
    For those that would rather do nothing, had the govt saved the money things would still be stagnant and nobody would have bought a car.
    Durring a recession, the govt should be the last group to play penny pincher with finances since the govts money is actually the people's money

    August 24, 2009 02:54 pm at 2:54 pm |
  23. Barb

    Seems to me I remember Frist (Republican) stating on Larry King that he was going to turn one of his vehicles in for a foreign hybrid.

    Dean, on the otherhand, said he was going to use the program also.... – for a FORD

    How's that for Republican outrage!!!!

    Let's just call all the griping exactly what it is....BITTERNESS & HATRED.

    You people will not give your President cudos – no matter what he does...

    So.... why should he care what you think?

    August 24, 2009 02:54 pm at 2:54 pm |
  24. Republican 4 Ever

    This propgram is going to back-fire. I have seen many vehicles traded in that would have made an excellent vehicle for someone in need. THis would have been safe transportation but no, Obama, you'd rather dispose of a decent vehicle and put people in vehicles that they have no business driving or purchasing. Seems to me it's similar to the mortgage push which was to sell more homes by putting people into homes they had no business buying.

    August 24, 2009 03:01 pm at 3:01 pm |
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