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Dealers Hope for Payment as Clunkers Program Ends

6:11 AM, Aug 26, 2009   |    comments
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WASHINGTON (AP) -- The Cash for Clunkers rush has come to an end. Now dealers are waiting to get paid.

The $3 billion program has generated more than half a million car sales. Many dealerships worked overnight to submit the deals to the government's Web site before a Tuesday 8 p.m. deadline.

One Ohio Chrysler dealer says he considers the program a "true stimulus" but says he's still owed nearly $400,000. Chuck Eddy says he hasn't seen a cent from the government and that makes him nervous. The dealer calls it "the best program we all hate."

The government's Web site has been inundated by the 665,000 vouchers submitted through early Tuesday.

The Obama administration has assured dealers they will get their money.

Associated Press

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