60000 Clunkers Rejected for Payout: Taxis Collisions and Automotive Automobile Reviews

60,000 Clunkers Rejected for Payout

Many Still Call the Cash for Clunkers Program a Success Despite Problems with PayoutsThe news that 60,000 clunkers have been rejected for payout is not sitting well with everyone. That more than 60,000 clunkers were rejected comes as no surprise for detractors of the plan, but it also comes with an asterisk when it comes to representing this as fact. The first fact to
60,000 Clunkers Rejected for Payout, According to CNN Report latch on to, is that indeed about 60,000 cash for clunkers applications have been rejected so far, but an additional fact must be added to the equation, in that NHTSA officials are working with the dealers to still get them approved. I think that it’s time to take a step back from the sensationalism that is being given to this news, and actually look at why those applications are being rejected in the first place.

The way that the cash for clunkers program worked was that people could get as much as $4,500 in exchange for their trade-in, and that cash was given to consumers as soon as the process was complete. That cash went towards the purchase of a new car, and all of the consumers that qualified for the program were already paid out. The first step though, was that the dealers were paying that lump sum to the consumers, and then turning around to get that money back from the Government in accordance with the program. This is where many delays and enormous amounts of paperwork have slowed down the process where the dealers were actually getting their money back. It has left a number of dealerships quite frustrated with the program, and the slow process of reviewing the applications is just adding to the frustrations.

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60,000 Clunkers Rejected for Payout

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Automotive Automobile Reviews

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