The Cash for Clunkers program, or CARS, has only been under way for a week, but the federal government has already handed out $35 million of the $1 billion available. Needless to say, plenty of people have taken advantage of the $4,500 vouchers toward new vehicles. According to ABC News, over 8,000 deals have already been made. Around 4,000 of those happened in the very first day. That means there are 8,000 gas-thirsty vehicles off of our roads. Dealers everywhere are seeing more clunkers than they ever thought possible, and buyers who would have otherwise been unable to afford a new car are now proud owners.
Still, not everyone’s happy with the program. The Wall Street Jounral recently ran an article detailing the number of hoops those looking to take advantage of CARS must jump through. While the government has done a good job of informing the public on the rules and regulations surrounding the Cash for Clunkers program, some buyers still don’t get, and that has caused friction. Still, it’s hard to argue with 8,000 new, efficient vehicles on our roads where gas-hogs once existed.
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