: News

Filed Under:

Cash for Clunkers Rolls to a Stop, Dealers Scramble to Get Paperwork In Ontime

Play associated audio

The deadline for auto dealers to get their Cash For Clunkers applications in on time was extended from 8:00 tonight to noon tomorrow.

Accountants and comptrollers have been working at fever pitch for the last week trying to get the cumbersome paperwork in on time.

Alex Perdikis is the Executive Vice President of Jim Koons Automotive. "For the last week or so we have had people getting in at 7 a.m. and leaving at midnight, consistently, at all our locations around the DC area," says Perdikis.

Perdikis says not only have people been streaming in to cash in on the program, but the paperwork and red tape required have been nightmarish. "The program has been awesome--the best stimulus I've ever seen, it's just probably one of the worst administered programs I've ever seen."

Dealers must submit the paperwork online in order for them to get the rebate money that they have already loaned out to customers.

The website has been intermittently down for the past several weeks--today it was down for over an hour. The National Automobile Dealers Association is requesting additional time to file.

Perdikis says he, like all dealers, has no idea when he will get paid back the 5 million dollars he is currently owed by the Federal government.

Sabri Ben-Achour reports..

NPR

Hieronymus Bosch Died 500 Years Ago, But His Art Will Still Creep You Out

Known by some as "the Devil's painter," Bosch depicted imaginary animals and souls being violently tortured. At least one critic believes he's the father of modern art.
NPR

With A Zap, Scientists Create Low-Fat Chocolate

Scientists say they've figured out how to reduce the fat in milk chocolate by running it through an electric field. The result is healthier, but is it tastier?
NPR

1976: The Last Time Republicans Duked It Out To The Last, Heated Minute

In this encore presentation of For the Record, NPR's Rachel Martin looks at the last contested convention: the 1976 GOP meeting in Kansas City. Ronald Reagan nearly denied Gerald Ford the nomination.
NPR

President Obama Acknowledges 'Brexit' To Silicon Valley Crowd

President Obama delivered a speech Friday at Stanford University, and remarked on the Brexit vote in front of a crowd of young, tech-forward, pro-globalization attendees from 170 countries.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.