Cash for Clunkers and ability to negotiate.

tbonesteak

What do you mean you've been paid on 10? What happened to the 390 that you haven't been paid on? Why would you not get paid on some of them? Can you explain how this works from a dealer's perspective? Thanks!

Tim

MeetJoeAsian

The government is slowly funding us for the rebate. We forward all the necessary paperwork for the rebate, and then we WAIT our turn for THAT particular vehicle to get funded. It's a long drawn out process, that's why some dealerships won't even mess with it. It's not like we can send in an email of 50 deals and they send us all that money at once. Nope, we qualify them, then we send the paperwork in, and then they qualify us.

FuszNissan

I understand but it has been too long! And I am not talking a week or 2 weeks, but over a month to get paid is too long. Especially for dealers that one or two dealerships that need that cash to pay payroll,bills,ect..

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LouFuszNissan
ZDAYZ 2012

FuszNissan

We have 390 unpaid deals that have been submitted to the government. 10 of the 400 we have been paid on from the government. We are about to not accept anymore CARS deals. The government is taking too long, and it is tied up $1,000,000.00 in CASH! Good thing we have great cash flow and money in the bank, but I feel for smaller dealers. This has been the most successful catastrophe in the Automotive Industry.

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LouFuszNissan
ZDAYZ 2012

Asheth

Why do you call it the most Successful catastrophe? Cause its good for bigger dealers and bad for smaller dealers?

I wonder if this deal is helping out import car dealers or american car dealers more.

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