Dealers pull out of Cash for Clunkers program - WALB.com, Albany News, Weather, Sports

Dealers pull out of Cash for Clunkers program

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By  Stephanie Springer  - bio | email

ALBANY, GA (WALB) - Today more than a dozen people dropped by Tanner-Deen Nissan in a panic wanting to know if it was too late to trade in their clunker for a new car.

"A few of them this was their first stop but some of the others have already been told the same thing by other dealers in the area but to my knowledge most of the other dealers in the area have cut the cash for clunkers deal off," said Todd Deen, President Tanner-Deen Nissan.

The program officially comes to an end on Monday at 8:00 PM but dealers across the country have already pulled out of the program because they could not afford to offer any more rebates to their customers.

"We haven't been paid yet we are still waiting on our money from the government they promised us its coming but we haven't received one penny as of today," said Deen.

Deen says Thursday he got a fax from the National Automobile Dealers Association warning that its members may not be reimbursed if they continue to accept additional clunker deals. That's when he decided to pull out of the program. But the cash for clunkers frenzy is still attracting customers to the lot.

"You always hear something about it all the time and that's one of the reasons we did come out today just to see what is the dealership saying versus what you hear on the news and on the media and that type of thing," said customer Eric Bryant.

"When she heard about it running dry she just kinda decided to lay it off she was checking into it but heard they ran out of money so she just put it off," said customer Dustin Goff

"Overall it was a good program everyone will benefit in the end the manufacturers the dealers the customers as long as the dealers get paid it will be a great program," said Deen.

Deen says he is not worried yet because not one dealer he has spoken with has gotten any money from the government but if no one gets paid he says it would be a complete disaster for all of the dealers across the country.

The initial funding of 1 billion dollars for this program disappeared after just one week..which led to the Senate's approval of 2 billion more to fund this program.

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