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Car Dealers Still Waiting On 'Clunkers' Cash

 
BRIEF AND TO THE POINT
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User ID: 381742
United States
09/01/2009 03:41 PM
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Car Dealers Still Waiting On 'Clunkers' Cash
[link to cbs2chicago.com]


Here's the figure: $2.878 billion. That's how much money the government owes car dealers for the "Cash for Clunkers" program.

More than $200 million of that is owed to dealers in Illinois and Indiana, so CBS 2's Mai Martinez checked with some of them to see how much money they've collected from Uncle Sam.

Now that the popular program has ended, many dealerships are asking the federal government to "show me the money."


"Out of 142 deals they owe us for, we've gotten paid on seven," Lou Tornabeni of Ettleson Hyundai said.

"We had 102 cash for clunkers," Carm Scarpace of Westfield Ford said. "We've been paid for one."

With each Cash for Clunkers deal worth between $3,500 and $4,500, many dealerships are anxiously awaiting their government payday.

Some, like Advantage Chevrolet, which sold cars up until the last minute, have more than half a million dollars on the line.

"It was chaotic towards the end," Jason Roberts said.

Roberts says his dealership sold 142 cars under the program -- for a total of about $568,000 in government rebates. So far, the dealership has only been paid about $68,000 for about 17 of the deals, which means Uncle Sam still owes them roughly $500,000.

"It's not crippling, but it definitely affects the cash flow on a regular basis," Roberts said.

Roberts says his dealership can handle the cash crunch, but others may not be as lucky, especially if they didn't follow the government's strict guidelines for the program.

"We know of one dealer that sold 40 cars under the Cash for Clunkers programs, and out of those 40 cars, he's expecting to get paid on eight," Roberts said.

But even those who did follow the guidelines say they won't rest easy until they have the cash in hand. For Westfield Ford, that's about $400,000.

"You're always nervous when the money's out there, but you've got to believe in the government," Scarpace said. "It should come back to us."

The million-dollar – or should we say, billion-dollar -- question now is when? Dealers say they don't know, but it can't come soon enough.

One of the dealers told us, originally, the government was supposed to pay them within 10 days of receiving their paperwork. But with more than 690,000 cars sold under the program, that dealer says he's not expecting payment for another 30 to 45 days.
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:
BRIEF AND TO THE POINT (OP)

User ID: 381742
United States
09/01/2009 03:43 PM
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Re: Car Dealers Still Waiting On 'Clunkers' Cash
"We know of one dealer that sold 40 cars under the Cash for Clunkers programs, and out of those 40 cars, he's expecting to get paid on eight," Roberts said.

OUCH!
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:
Jimmy2times
User ID: 753714
United States
09/01/2009 03:44 PM
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Re: Car Dealers Still Waiting On 'Clunkers' Cash
Even though they haven't gotten the checks, you can bet the gubment will still tax the shit out of them.

Hope the doctors in the country are watching, cause they are gonna have the same problem trying to get paid.
Anonymous Coward
User ID: 456756
United States
09/01/2009 03:52 PM
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Re: Car Dealers Still Waiting On 'Clunkers' Cash
lol Suuuuuuuuuckers!!!!! lol

NEVER, EVER, "TRUST" THE GUBBERMINT!
BRIEF AND TO THE POINT (OP)

User ID: 381742
United States
09/01/2009 03:55 PM
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Re: Car Dealers Still Waiting On 'Clunkers' Cash
Even though they haven't gotten the checks, you can bet the gubment will still tax the shit out of them.

Hope the doctors in the country are watching, cause they are gonna have the same problem trying to get paid.
 Quoting: Jimmy2times 753714


LOL Good point!!
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:
Anonymous Coward
User ID: 760947
United States
09/01/2009 03:57 PM
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Re: Car Dealers Still Waiting On 'Clunkers' Cash
lol Suuuuuuuuuckers!!!!! lol

NEVER, EVER, "TRUST" THE GUBBERMINT!
 Quoting: Anonymous Coward 456756




does this joke of a guberment suck or what.
Anonymous Coward
User ID: 576799
United States
09/01/2009 03:57 PM
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Re: Car Dealers Still Waiting On 'Clunkers' Cash
Cash for Clunkers was farmed out to Citigroup.


That's right folks... the TARP saved Citigroup.


Citigroup has all the Cash for Clunkers money. Presently the money (3 trillion) is sitting in Citigroup's accounts collecting a great deal of interest dollars.


The government in collusion with Citigroup is USING YOUR MONEY (taxpayers) to help Citigroup pay back its debts.


And they are doing it on the backs of small businessmen (auto dealers) all over America.


This will bankrupt many.


Your business will be next.
Anonymous Coward
User ID: 760954
United States
09/01/2009 04:02 PM
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Re: Car Dealers Still Waiting On 'Clunkers' Cash
pwned
Anonymous Coward
User ID: 576799
United States
09/01/2009 04:12 PM
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Re: Car Dealers Still Waiting On 'Clunkers' Cash
bump
Anonymous Coward
User ID: 637599
United States
09/01/2009 04:20 PM
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Re: Car Dealers Still Waiting On 'Clunkers' Cash
Hope the doctors in the country are watching, cause they are gonna have the same problem trying to get paid.
 Quoting: Jimmy2times 753714

Obviously you are not aware that the doctors are already experiencing this problem with Medicare. More and more are refusing to accept Medicare patients. Pharmacies too.

The government sucks. I say with the old dad in Legends of the Fall, F**k the gubbermint.
Jimmy2times
User ID: 753714
United States
09/01/2009 04:23 PM
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Re: Car Dealers Still Waiting On 'Clunkers' Cash
Hope the doctors in the country are watching, cause they are gonna have the same problem trying to get paid.

Obviously you are not aware that the doctors are already experiencing this problem with Medicare. More and more are refusing to accept Medicare patients. Pharmacies too.

The government sucks. I say with the old dad in Legends of the Fall, F**k the gubbermint.
 Quoting: Anonymous Coward 637599

Won't be long and we'll all be getting our healthcare from people like Granny on the Beverly Hillbillys.

Remedy is in the Jug.
BRIEF AND TO THE POINT (OP)

User ID: 759296
United States
09/01/2009 08:49 PM
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Re: Car Dealers Still Waiting On 'Clunkers' Cash
bump
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:

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