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The AP reports, “The government has compensated dealers for 70 percent of the cars awash beneath the accepted “cash for clunkers” affairs and they should be absolutely paid by the end of September..

The affairs appropriate dealers to advertise cars and acquire trade-in cars for destruction, on the affiance that the government would forward them amid $3,500 and $4,500 for each. The bulk paid out so far, the Detroit Account reports, totals $2.38 billion. Roughly 478,000 agenda applications acquire been approved, with addition 55,000 set abreast for afterpiece review.

Bloomberg adds, “The bureau said it has alone 8.8 percent of applications.” Dealers acquire “complained that applications were alone for accessory discrepancies,” and that the clip of repayments was so apathetic that, in some cases, dealers with millions of dollars in limbo cat-and-mouse for claim acquire had adversity affair costs in September. “I apperceive some of you acquire a little heartburn, but you’re all traveling to get paid,” Transportation Secretary Ray LaHood told dealers aggregate endure anniversary for a affair of the National Automobile Dealers Association in Washington. “Maybe not in the appropriate way you would’ve liked.”

Some car shoppers, meanwhile, would like to see the affairs renewed. Kicking Tires reports, “In an online analysis conducted for Cars.com, 55% of contempo car buyers and accepted car shoppers said they would like to see the federal government’s Cash for Clunkers affairs extended.” The analysis “was conducted online in September with a accidental sample of 1,056 humans who had either bought a new or acclimated car in the accomplished three months or were planning to buy one in the next six months.”

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