The federal government announced that it will end the popular Cash for Clunkers program at 8 p.m. Eastern Monday evening. This deadline is for new purchases, not for submitting paperwork. Consumers can theoretically wait to sign on the dotted line until 7:59 p.m. Monday. Dealers will still be allowed to submit paperwork and resubmit rejected paperwork after that deadline.
So far, $1.9 billion — of $3 billion — has been claimed. The government says there could be an additional $400 million in deals yet to be submitted. That means if you’re thinking about taking advantage of the program and are still on the fence, there are only days left on the clock.
Check out our Cash for Clunkers Guide.
U.S. to shut down cash for clunkers at 8 p.m. Monday (Detroit Free Press)