Cash for Clunkers to End Monday - 8 News NOW

Cash for Clunkers to End Monday

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The brakes are being put on the the Cash for Clunkers program. The federal government's trade-in offer for old, gas-guzzling cars will end on Monday at 5 p.m.

The labels on the windshields of cars at Findlay Chevrolet tell the story, "Another one bites the dust." The wildly popular program ends Monday, August 24th.

"It's been reliable for the most part. A lot of miles," said Chris Pierson, who is shopping for a new car. His 1993 Ford Explorer has been reliable for years, but he's ready to trade it in before the government incentive goes away.

Car Allowance Rebate System Information

"It's something I figured I had better jump on while I can," he said. Pierson is looking at buying a brand new Camaro. By doing so, he could able to cash in on the $4,500 rebate offered by the government.

"If I were to try to sell this privately, or as a trade-in by itself, it'd probably get me $500 to $600, whereas with the government voucher, it could be worth up to $4,500, so not a bad deal," he said.

Findlay Chevrolet has taken in everything from Chevy clunkers to GMC gas guzzlers.

"It's been hugely successful. It's definitely done what it's intended to do," said Justin Findlay, Findlay Chevrolet general manager.

Findlay says his dealership has done about 60 Cash for Clunkers deals. He, along with other dealers, are expecting a busy weekend before the program ends.

 

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