Clunkers Program has Good and Bad Sides

Now that cash for clunkers is over, how'd we do? Well, dealers did just fine. The program put cash in their pockets at a time when many car dealers across the country were struggling. The Rutland Herald reports that when the federal program ended on Monday it also presented dealers with little inventory and some big administrative headaches. Some dealers said they sold more vehicles than they ever expected, while others said they didn't like having to give up the 35 hundred to 45 hundred dollars rebates themselves and then wait for the government to reimburse them. The Department of Transportation said that by the time all the vouchers for reimbursement are submitted, about 700 thousand cars will have been junked under the program.