Gubment Has Paid Auto Dealers Only 2% of Cash4Clunkers Reimbursement Money

User offline. Last seen 15 years 36 weeks ago.
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Conspirator for: 19 years 4 weeks
Posted on: August 17, 2009 - 1:18pm

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Gubment Has Paid Auto Dealers Only 2% of Cash4Clunkers Reimbursement Money
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User offline. Last seen 11 years 14 weeks ago.
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Conspirator for: 17 years 25 weeks
Posted on: August 17, 2009 - 1:23pm #1

A major car dealer in the Dallas-Fort Worth area is still waiting to be reimbursed for the $1 million he's fronted to his cash-for-clunkers customers to date.  For the past two or three weeks, he's been told that he should expect his money "sometime soon."  Nice little interest-free loan he's provided Uncle Sam, wouldn't you say? I wouldn't be surprised if there are some marginal dealerships out there whose very survival is being threatened by the delays in payment from the Feds.

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