Cash for Clunkers Program

[lumberjim]

This is the part that concerns me:

Program runs through Nov 1, 2009 or when the funds are exhausted, whichever comes first.

ok....so...like....how do you know when they run out of money? it's going to take a few weeks for the dealer to get paid after the deal is done..... scary

[glatt]

So you just repossess the cars, right? If the buyer won't pay you back?

[monster]

Originally Posted by lumberjim

This is the part that concerns me:



ok....so...like....how do you know when they run out of money? it's going to take a few weeks for the dealer to get paid after the deal is done..... scary

There's a cash-left-ometer on the page you linked to. Currently at $858M

[xoxoxoBruce]

The meter is probably approved claims, I wonder how much is in the pipeline?

[monster]

Originally Posted by xoxoxoBruce

The meter is probably approved claims, I wonder how much is in the pipeline?

If it's approved claims, then they must be going through pretty quickly. I reckon it might be submitted claims.