Cash for Clunkers Qualifying Cars

T here's no truth to the speculative reports about the suspension of the "Cash for Clunkers" because the government program is still up and running all the way through the weekend...at least for now.

According to reports, the program is reaping tremendous success across the nation as more dealership are selling more than 200,000 cars under the Cash for Clunkers program in a matter of one week. Therefore, it prompted the Congress to work on a plan for an additional fund that would increase the budget for a total of $2 billion dollars.

The government CARS program popularly known as "Cash for Clunkers" is a program that gives opportunity to trade-in your old gas guzzling cars or pick up for a new more efficient and environment friendly car. If you qualified, you are entitled to a $4,500 rebate once you purchase for another new car.

So make use of this extension to your advantage, take a look at the list of the qualifying cars for Cash for Clunkers program at cars.gov FAQ section.

Cash for CLunkers Suspended at Midnight

I t's been all over the news that the government $1 billion program commonly known as Cash for Clunkers may go on hold effectively this midnight. The inciting cause that prompted this abrupt change is the depleting funds that run out too quickly.

Dealers and consumers need not to panic as this can go many ways but the sales that have been successfully accomplished will be accepted but what is not known yet is if Congress will grant an extra funding to support the program. Car dealers would definitely sustain the setback in case no supplementary funding will be accorded as they already expended millions of money for advertising, preparation , staffing and training for the 5 day program that is purportedly intended to last till the month of November.

So the question here is being printed off the wall, will the government completely shut down the CARS program or it will pass an alternative bill to make amends with the consumers? Stay tuned for the further update regarding the Cash for clunkers meltdown very soon.