[quote=Zeitgeist]Besides, the government is already out of money for this plan:
Reported by John Matarese
Updated 7/30/09
UPDATE: The Detroit Free Press is reporting Thursday night that the Government is suspending the Clunker program because it is already out of money, based on the thousands of trade-ins dealers have been making.
Some dealers report they have already done 50 clunker trades, giving all 50 customers a $4,500 credit.
“Caution: We are hearing of a growing number of dealers requiring customers to sign an “addendum” to their contract. It states that if the Government runs out of money before the dealer collects $4,500, the customer will have to make up the difference and repay the dealer $4,500. Think hard before signing this document.”
