Cash for Clunkers Program Will Soon End

2009-08-22 23:45:24 (GMT) (WiredPRNews.com - Business, News)

The government Cash for Clunkers program will reportedly end on Monday.

The government car rebate program will reportedly end on Monday.

Press Release Service – Wired PR News – Car buyers wishing to participate in the government rebate program that gives incentives to those purchasing more fuel efficient vehicles, have a limited amount of time left to do so. As reported by the Associated Press (AP), the Obama administration is expected to end the program on Monday.

As noted by the AP, the program provides rebates of $3,500 or $4,500 for trade ins of older vehicles that are less fuel efficient than some newer models. John McEleney, chairman of the National Automobile Dealers Association, is quoted in the report as stating of Monday’s deadline, “I think if we can get a clean cutoff Monday and get everything processed by then, it will have been a pretty darned successful program.”

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