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Cash for clunkers

The final climax for cash for clunkers is over

This week end, Americans rushed to auto dealer showrooms to get their clunkers which were responsible to generate $2 billion sales. The government sponsored cash for clunkers which offered rebates up to $4,500 for trade in for old guzzlers.

The cash for clunker program is finally over except for the paperwork. The program that ended at 8PM (EDT) Monday saw hordes of old empty cars, pickups, SUVs and old guzzlers lined up in front of auto dealers. The once hesitant customers to go for new vehicles were lured back to buy new vehicles by the $3 billion rebate program.

In all the four dealerships of Maguire Auto Group, New Jersey, there were lines of customers waiting to avail their clunkers. The timings were extended till 8 PM on Saturday to facilitate customers to take advantage of the program.

For the auto dealers, this was literally the best weekend after a period of two years. Some dealers sold over 58 new vehicles in a single day. The trade in rebate program had started last month to promote sales in the struggling auto industry and at same time save the environment. It provided rebates $3,500 to $4,500 to trade in their old cars which had low mileage for new, more efficient ones.

According to White House Council of Economic Advisors, cash for clunkers program would boost US economy by 0.4% in the third quarter for this financial year.

Successful wind down of Cash For Clunkers Program

Transportation Secretary Ray LaHood said that the “ Cash for Clunkers” program which had been a wild success would be closed by August 24. The program had helped consumers to avail as much as $4,500 discount for trade in for better efficient fuel vehicles had helped auto industry in America to increase their sales, create jobs for thousand of American and helped to revive US economy, although it had come under criticism by auto dealers who complained of low disbursement. The department of Congress said that car dealers and customer’s deadline will give entire purchases and also submits applications for discounts from the remainder of the $3 billion. The agency said its adding employees to assist process claims faster and traders have criticized of trouble running their businesses while awaiting payment in the program. LaHood said further in a statement that the cash for clunkers program has been a salvation to the automobile industry. The agency added that they do not accept the applications after New York time after 8P.M. The Transportation Department said earlier that it has handled 167,000 or 37% of the 457,476 trader requirements for reimbursements submitted as of today. A senior administration official said on a call with reporters that $145 million has been paid out so far to traders. Wind-Down Plan :- National Automobile Dealers Association dealer group met with Transportation Department some time back to talk about concerns that reimbursement delays add to the load of retailers of trying to get better from a sales sprawl. It also pleaded the agency to outline an arrangement to wind down the effort so that retailers know when to end accepting trade-ins. Representative Joe Sestak, a Pennsylvania Democrat, last week said that the effort by NADA had paid traders for only 2 percent of their claims. The program is formally known as the Car Allowance Rebate System, or CARS. Lahood was asked by Senate Majority Leader, Harry Reid, a Nevada Democrat in a letter to speed reimbursements has said that “traders have been required to successfully finance the CARS coupons for customers up till the traders are repaid by the federal government could finally make up for some of the advantages of the program. Training Workers:- LaHood further said that there had been around 1,000 people who have got processed their applications that evaluate with fewer than 200 when the program began. The agency also by using Citigroup Inc. is providing necessary training to its staff to handle the paperwork. Robert Gibbs, White House press secretary, said to reporters at a briefing that “they are doing everything to accelerate the processing of the applications in a program that’s been flourishing, for customers, traders, makers and workers. Transportation Secretary Ray LaHood said that the “ Cash for Clunkers” program which had been a wild success would be closed by August 24. The program had helped consumers to avail as much as $4,500 discount for trade in for better efficient fuel vehicles had helped auto industry in America to increase their sales, create jobs for thousand of American and helped to revive US economy, although it had come under criticism by auto dealers who complained of low disbursement. The department of Congress said that car dealers and customer’s deadline will give entire purchases and also submits applications for discounts from the remainder of the $3 billion. The agency said its adding employees to assist process claims faster and traders have criticized of trouble running their businesses while awaiting payment in the program. LaHood said further in a statement that the cash for clunkers program has been a salvation to the automobile industry. The agency added that they do not accept the applications after New York time after 8P.M. The Transportation Department said earlier that it has handled 167,000 or 37% of the 457,476 trader requirements for reimbursements submitted as of today. A senior administration official said on a call with reporters that $145 million has been paid out so far to traders. Wind-Down Plan :- National Automobile Dealers Association dealer group met with Transportation Department some time back to talk about concerns that reimbursement delays add to the load of retailers of trying to get better from a sales sprawl. It also pleaded the agency to outline an arrangement to wind down the effort so that retailers know when to end accepting trade-ins. Representative Joe Sestak, a Pennsylvania Democrat, last week said that the effort by NADA had paid traders for only 2 percent of their claims. The program is formally known as the Car Allowance Rebate System, or CARS. Lahood was asked by Senate Majority Leader, Harry Reid, a Nevada Democrat in a letter to speed reimbursements has said that “traders have been required to successfully finance the CARS coupons for customers up till the traders are repaid by the federal government could finally make up for some of the advantages of the program. Training Workers:- LaHood further said that there had been around 1,000 people who have got processed their applications that evaluate with fewer than 200 when the program began. The agency also by using Citigroup Inc. is providing necessary training to its staff to handle the paperwork. Robert Gibbs, White House press secretary, said to reporters at a briefing that “they are doing everything to accelerate the processing of the applications in a program that’s been flourishing, for customers, traders, makers and workers. GM said that General Motors Co. is planning to offer cash advances to traders awaiting government reimbursement as the initiative impels. He also said that the advances will be made for new automobiles sale already exchanged under clunkers through the life of the program. GM will be provided the government initiative for their most excellent sales this year. According to J.D. Power & Associates, new-Vehicle trade sales in the U.S will top 1 million for the first time long-ago in 12 months. Meredith Libbey, a spokeswoman for the automaker’s loan unit said that Ford Motor is rising the accessibility of credit for traders used-vehicle financing to provide cash flow relief to traders awaiting ‘clunker’ payments from the government.

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Important information from Maguire Auto Group

Maguire Auto Group has anounced the total of its four dealerships will be extending Saturday Sales Hours on August 22 from  6PM to 8PM EST so that customers can take full advantage of the cash for clunkers program before it closes officially.

For any further clarification you can contact Michael at michael.maguire@maguireauto.com

CARS program to wind up by August 24

Cash for Clunkers to end on Monday..!

Till Monday night, Car shoppers have to take advantage of lucrative Cash for Clunkers rebates from the government, and the Obama admin is hoping for a smooth ending to a program that has spurred auto sales but created headaches for many auto dealers. The popular program will end at 8 p.m.

President Obama and his officials declared the program is very success. Cash for Clunkers was boosted to $3 billion in early August after heavy customer demand nearly depleted its funds in just one week. It has also created problems for dealers, many of whom have yet to be repaid for the clunker deals they have made. Under the program, dealers take rebates of $3,500 or $4,500 off the price of a new car in return for older, less fuel-efficient trade-ins that are sent to the scrap heap. They then must submit a 13-page application with proper documentation of the sale in order to get repaid. “It has brought in some traffic that we would not have had, but if you don’t get paid, it is all for naught,” said Alton Owen Jr., sales manager at Owen Ford in Jarratt, Va. His dealership won’t be offering the clunker deals this weekend because it has yet to be repaid for 21 sales.

The popularity of the program has also caught manufacturers by surprise, one reason they’ve run short of some vehicles that clunker traders want to buy. Some dealers have sold out of models like the Jeep Patriot and the Ford Focus, for instance. Buyers were left wondering whether they can still get a clunker deal when the next shipment arrives or should pick another vehicle. So the government has tweaked the rules to include new cars that aren’t on dealer lots but are in the production pipeline. As long as the dealer can identify an actual vehicle and its vehicle identification number, or VIN, the clunker deal can go through, even if the car is delivered after the program expires. Buyers need to make sure the VIN of the car they ultimately take home is the same as the VIN on the original sales agreement and watch out for any other kind of bait-and-switch.

Government officials said there were no plans to extend the program again. The Monday deadline was set to avoid surpassing the $3 billion funding level, given deals that may be made this weekend and those that are still in the pipeline for approval. Obama said in an interview Thursday that the program has been “successful beyond anybody’s imagination” but dealers were overwhelmed by the response of consumers. He pledged that dealers “will get their money.” The administration has said it has tripled the number of staffers sorting through the paperwork.

“It’s been a good day for a few weeks. Its going to be fun everywhere.

Till Monday night, Car shoppers have to take advantage of lucrative Cash for Clunkers rebates from the government, and the Obama admin is hoping for a smooth ending to a program that has spurred auto sales but created headaches for many auto dealers. The popular program will end at 8 p.m.

President Obama and his officials declared the program is very success. Cash for Clunkers was boosted to $3 billion in early August after heavy customer demand nearly depleted its funds in just one week. It has also created problems for dealers, many of whom have yet to be repaid for the clunker deals they have made. Under the program, dealers take rebates of $3,500 or $4,500 off the price of a new car in return for older, less fuel-efficient trade-ins that are sent to the scrap heap. They then must submit a 13-page application with proper documentation of the sale in order to get repaid. “It has brought in some traffic that we would not have had, but if you don’t get paid, it is all for naught,” said Alton Owen Jr., sales manager at Owen Ford in Jarratt, Va. His dealership won’t be offering the clunker deals this weekend because it has yet to be repaid for 21 sales.

The popularity of the program has also caught manufacturers by surprise, one reason they’ve run short of some vehicles that clunker traders want to buy. Some dealers have sold out of models like the Jeep Patriot and the Ford Focus, for instance. Buyers were left wondering whether they can still get a clunker deal when the next shipment arrives or should pick another vehicle. So the government has tweaked the rules to include new cars that aren’t on dealer lots but are in the production pipeline. As long as the dealer can identify an actual vehicle and its vehicle identification number, or VIN, the clunker deal can go through, even if the car is delivered after the program expires. Buyers need to make sure the VIN of the car they ultimately take home is the same as the VIN on the original sales agreement and watch out for any other kind of bait-and-switch.

Government officials said there were no plans to extend the program again. The Monday deadline was set to avoid surpassing the $3 billion funding level, given deals that may be made this weekend and those that are still in the pipeline for approval. Obama said in an interview Thursday that the program has been “successful beyond anybody’s imagination” but dealers were overwhelmed by the response of consumers. He pledged that dealers “will get their money.” The administration has said it has tripled the number of staffers sorting through the paperwork.

“It’s been a good day for a few weeks. Its going to be fun everywhere.

Saturn Sky Review

General Motor has never sold such a competitive small car in United States.

The  Saturn Sky drives superbly. The suspension is just excellent. Taken as  a whole, Saturn Sky is the luxury car with all the comforts one can desire for.

Saturn Astra

Brand new car less than $150/ month

This is a familiar situation for every middle class people in America.  You are really desperate to have a new car, have approached many car dealers and you find your car is not eligible for trade in either in “black, yellow or orange books.” Your monthly   budget installment is just$150. Even the junk yard guys are ready to give $75 to dispose and clean it off. Is this worrying you dude?

Do not worry, now you can hold your head high, your Junk car has become clunker and may be eligible for $4,500 as trade in when you buy a new qualifying car. The launch of “Cash for Clunkers” by Obama administration may help you to own a new car for less than $150/ month.

It is time to raise your head high, take a walk in the hot sun with self respect and own a brand new car.

To see our latest car models, visit us at  http://www.maguireauto.com or mail Jennifer at jenn.nelson@maguireauto.com for a test drive.

WN BOTTOMLINE CLUNKER SALE August 09

Michael Felps said to decide where to buy a new car. The hottest deals of this summer are windsor Nissan. I am a wired family.  Michael Maguire said his friend Michael felts is right. Windsor Nissan is having its bottom line model event sales of it. And when you add in savings, you can get trading in a clunker. The bottom line price is pretty incredible. Example:- Altima, the MSRP is $2257. After tax and rebates and cash for the clunkers’ rebate you can get 09 Nissan Altima at  $14146 saving you over $8600. Same goes 09 Nissan.Clunker money is going fast. No wonders Customers choose Windsor Nissan. Timing is everything. Don’t miss anything. Prices reflect $4600 and tax is extra

Listen to the short broadcast:

WN Bottomline Clunker Sale

BMC Clunker Sales – Aug 09

Listen to this brief podcast

BMC Clunker sale