Friday, July 31, 2009

Cash Flow: The Real Reason for the "Cash for Clunkers" Suspension (The Ex-Car Salesman Blog)

The Real Reason for the "Cash for Clunkers" Suspension (The Ex-Car Salesman Blog)
"Second, the CARS dealer website -- where dealerships submit applications -- cannot handle the traffic. Dealers continuously report website crashes rendering them unable to submit their application. This increases the amount of time dealers must wait before they receive their rebate check -- depleting cash flow.
Third, worry is building in many dealerships because many applications for the rebate are being denied after the car deal. Some on this blog have expressed outraged after dealers have called them back demanding the customer make up for the denied CARS rebate (up to $4,500.00) or else they would have to return the car immediately.
Some have had their trade-in cars already destroyed."

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