Cash for Clunkers Deadline Extended
The Cash Allowance Rebate System (CARS), commonly known as Cash for Clunkers will now have a deadline of noon, Tuesday, August 25 for dealers to file the rebate paperwork. Last week, the deadline was set for 8 p.m. Monday, August 24. The program was earlier infused with an additional $2 million after the original allocation was close to exhaustion.
The program was scheduled to end when funds were exhausted or November 1, 2009, whichever came first.c
References
Fast Facts
-
Program Start
July 27, 2009 -
Program End
August 24, 2009 -
Fact:
Provided vouchers of $3,500 or $4,500 for car purchases
-
Fact:
Government will announce details on program wind-down later this week
-
Fact:
Originally scheduled to end November 1, 2009 or when funds ran out -
Fact:
$1 billion originally allocated to program
-
Fact:
$2 billion additional money allocated to program August 7, 2009 -
Fact:
Applications for rebates will not be accepted after 8 p.m. EDT Monday, August 24, 2009
-
Fact:
Has generated over 457,000 vehicle sales
