A few more details on Cash for Clunkers
More details are being trickled out on the Cash for Clunkers program that’s expected to get up in running on or before July 24.
Government officials say dealers can expect to be reimbursed in about 10 days after a consumer buys a car and trades in the clunker.
They also elaborated more on fraud issues, asking consumers to report suspected fraud at (866)-CAR-7891 or TTY at (800)-424-9153.
The government site at www.cars.gov adds:
“You may also call the Hotline of the Office of the Inspector General (OIG) at the U.S. Department of Transportation. The OIG Hotline is an important tool that is used to facilitate the reporting of allegations of fraud, waste, abuse, or mismanagement in the Department's programs or operations, including the CARS program. Allegations of fraud may be reported by DOT employees, grantees, contractors or the general public. The Hotline is set-up to receive allegations in variety of forms, including by email (hotline@oig.dot.gov), regular mail (DOT Inspector General, P.O. Box 708, Fredericksburg, VA 22404), fax (540-373-2090) or a toll free number (1-800-424-9071). OIG's Hotline is open 24 hours a day, seven days a week and is operated by a third party contractor.”
Comments
I just returned from the local Ford dealership and was told that they will be allowing people to cash in their "clunkers" on July 24th. I asked them about the details and was told to actually research online b/c they were not informed about everything yet. LOL
Posted by: Saving Money Dad | July 8, 2009 1:52 AM
The illogical rules of the program have pretty much knocked me out of the running. I was prepared to take advantage of the incentive and trade-in my 1992 Acura for a new Honda Fit. Unfortunately, the arbitrary 18 mpg or less rule disqualifies me. It looks as if I will be doing more fix-up on the old Acura after all.
Yes, it does seem that people who drive old cars tend to be fuel-efficient vehicles. But charities are worried that people will use this program instead of donating cars. So, donating your car might always be an option. - ema
Posted by: Red Oscar | July 9, 2009 7:14 AM
All the gas guzzlers that are traded-in under the Cash for Clunkers program will be scrapped. The VINs for these cars will be reported to companies like Carfax so the information appears in Carfax Vehicle History Reports.
Posted by: Chris | July 10, 2009 10:57 AM
so if you have two or more clunkers at your house you cannot trade both of them for one car. The program is for one per
person.
Jhenry
Blogger
www.cashforclunkersfacts.info
http://www.cashforclunkersfacts.info
Posted by: jhenry | July 16, 2009 1:00 AM