Aug 25, 2009

Cash for Clunkers over but good deals aren’t

The controversial Cash for Clunkers program officially ended at 8pm Monday night.

If you are a car buyer the good deals may still be there if your have a clunker to trade.

All those clunkers were scrapped which has meant a shortage of used cars. That translates to good news if you're hoping to make a trade.

This Clunker display was in Abilene, Kansas

Contrary to its name, it's not always “Cash for Clunkers.” Sometimes it's cash for perfectly good cars.

The clunkers will be destroyed instead of going to a used car lot.

New car dealers traditionally rely on trade ins to populate their used car lots. With a shrinking used car inventory, this may be a great time to trade whether your car would have qualified as a clunker or not.

If you are looking for a used car, this may not be a good time to buy with inventories low and prices up.