Sep 1, 2009

Dealers still waiting on government for clunker cash

What the government forgot to tell car dealers is the entire cash for clunker program was a clunker!

A Chicago TV station online news website reports:

Here's the figure: $2.878 billion.

That's how much money the government owes car dealers for the "Cash for Clunkers" program.

Now that it’s all over, dealers are saying, “show me the money!”

"Out of 142 deals they owe us for, we've gotten paid on seven," Lou Tornabeni of Ettleson Hyundai said.

"We had 102 cash for clunkers," Carm Scarpace of Westfield Ford said. "We've been paid for one."

The dealers were originally supposed to get paid within 10 days after submitting the paperwork.

Later the government blamed the dealers for payment delays.