Thursday, August 13, 2009

Cash For Clunkers A Clunker

The newest glitch -- a word that the kids use too often -- is that dealers have been requiring buyers to sign an agreement that requires them to pay back the clunker money if the dealer never gets it from the Government. Now the DOT is advising buyers not to sign these agreements ( But where does that leave the dealers if something goes awry? From the get-go there have been problems. For example, the list of eligible cars on has to be updated regularly because DOT forgot to include some vehicles (hence the July 24 update) and a dealer in New Milford told me that he has been waiting 3 weeks for a substantial sum of money for the clunkers that are sitting on his lot. That's a lot of money to be tied up that long.

Has anyone out there successfully done a clunker deal?

By the way, on a personal note, I'm looking for a Jeep Grand Cherokee no older than 2000. I'll give you clunker money if the one you have or if the car you want to buy doesn't qualify...and most don't!

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