Last Weekend for Cash for Clunkers Program
The Cash for Clunkers program was originally designed to run till November 1, 2009. The program, however, is being canceled on August 24, 2009 since it is running out of money. That means this is the last weekend you can take advantage of it.
The Cash for Clunkers program was created to achieve a few goals. First and foremost was to give a nearly dead auto industry a shot of adrenaline. By offering buyers a $3,500 to $4,500 price discount, the government thought demand might pick up a bit. The government was wrong. The program became a raging success and ran out of money within a month. It is now facing the same situation, but the government will not be adding more money to the pot this time. Instead, the program will be discontinued on Monday, August 21, 2009.
If you want to take advantage of this great program, you need to get to your dealer today or at some point in the weekend. You'll take your clunker in and trade it for a new car. The important thing to understand is the pricing discount provided by the program is in addition to any other incentives offered by the car companies. This makes the program an incredibly opportunity and one you should act on as soon as possible.
The end of the Cash for Clunkers program raises a host of questions. The most important is what happens to the auto industry? One has to think sales are going to plummet. Not only will this be a problem, but many of the car companies have been ramping up production to fill demand. This could result in a situation where we return to the status that existed before the Cash for Clunkers program ' lots of inventory and no demand. That would seem to defeat the very purpose of this program.
If you are even remotely considering buying a new car, you should get out to the dealer this weekend. The savings through the Cash for Clunkers program are obscene in a good way. Don't miss out on the opportunity to get one steal of a deal on a new car or truck.
