What's the deal with the Cash for Clunker program? We are trying to buy a car, and approached a Honda Dealer and inquired about a car without the Clunker trade in. This is the email we received back from the dealer. It seems as this dealer is raising the price on the auto if you use the Cash for Clunker program. The car dealer responded that the reason for this higher price, is because they don't know if the Government will reimburse them the $4500. Remember Car Dealers are still Car Dealers! So if you are thinking of taking advantage of the "Cash For Clunker" program. Ask yourself - Are you really getting a "deal"?
Consumer Bill of Rights- from the Cash For Clunkers Web Site
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- Qualified consumers may participate in the CARS Program between July 1, 2009 and November 1, 2009 or when authorized funds are no longer available.
- Qualified consumers will receive a credit of $3,500 or $4,500 for an eligible trade-in toward the purchase of lease of an approved vehicle under CARS Program.
- Qualified consumers will receive the $3,500 or $4,500 credit at the time the purchase their new vehicle.
- Dealers must provide consumers with any other advertised rebates or discounts in addition to the credit they receive through the CARS Program.
- Consumers should expect to conduct their deals at their dealership of choice, not on the Internet.
Consumers should expect the dealers to provide their best estimate of the scrap value for their eligible trade-in vehicle.
- Dealers are allowed to deduct $50 from this value for their administrative costs.
- Consumers should expect that all information collected through the CARS Program will be kept confidential. Social Security numbers are not required for a CARS transaction.
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