Title click to read article on Denver Post website. Dealers haven't received any money from the fedgov for cars sold under the Cash for Clunkers program. Nationwide this seems to be a problem.
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Friday, August 14, 2009
DEALERS MAY ASK BUYERS TO SIGN CASH FOR CLUNKERS WAIVER
Dealers are supposed to receive a check from the fedgov 10 days after the customer who brings in a 'clunker' and buys a new car. Read the article.
From the Denver Post:
Some customers, including Colorado buyers, are being asked to sign waivers stating that they are responsible for paying the dealer $3,500 or $4,500 if the government doesn't reimburse the dealer for the sale.
Jack TerHar, president of Sill-TerHar Motors in Broomfield, said he's sold about 60 cars under the "cash for clunkers" program, and he's now waiting to receive about $270,000 worth of rebates.
Labels:
CASH FOR CLUNKERS,
DENVER POST
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