Dealers Hope For Payment As Clunkers Program Ends

By: Associated Press
By: Associated Press

Washington (AP) -- The wildly successful $3 billion cash for clunkers program has generated more than half a million car sales. Now dealers hope to get paid.

Chuck Eddy is a Chrysler dealer in Youngstown.

He completed more than 100 clunker deals in late July and August and wrapped up his final deal on Saturday afternoon.

He considers the program a "true, true stimulus" but says he's still owed $390,000 and is a little nervous.

Eddy calls cash for clunkers the best program dealers all hate.

Some members of Congress have urged the administration to speed up the payment process.

The deadline for car dealers to submit reimbursement paperwork ended last night, a day after the government halted new sales under the program.

(Copyright 2009 by the Associated Press. All rights reserved.)

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