08-21-2009, 11:32 AM
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CC Member
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Join Date: Sep 2008
Cobra Make, Engine:
Posts: 1,120
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Not Ranked
NBC Cash 4 Clunker4s score
According to NBC, not Fox, the C4C program has now used up $1.9 Billion of its $1 + $2 Billion funding. Only $1.1 Billion remains in the program and Washington says this time it will not be renewed.
That sounds like a highly successful program. There is a slight glitch however. While dealers have sold enough cars to qualify for $1.9 Billion in reimbursement.
SO FAR, THEY HAVE RECEIVED $145 MILLION in reimbursements.
Wonder how many are renting space to store Clunkers, and how terribly happy they are about that.
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