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Some Cash for Clunkers Buyers Will Face Fines

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posted on Sep, 10 2009 @ 05:55 PM

Missouri consumers who participated in the federal "Cash for Clunkers" program this summer could face state fines.

The state Department of Revenue said some customers left dealers' parking lots without the paperwork needed to register and title their new vehicles. If they don't register the vehicles within 30 days, they could be fined $25 per month, or up to $200.

Dealers in many cases held on to customers' paperwork, waiting to be reimbursed by the government for the $3,500 to $4,500 rebates given to consumers toward the purchase of more fuel-efficient vehicles. Some dealers said they've received only 10 percent of what they're owed.

The Cash for Clunkers scam just keeps getting worse. Car dealerships have closed because their cash flow got tied up waiting for the government payout, and now people may face fines because of the holdups.

The economy is going bust. And now people are in bigger debt than before because they don't think about the big picture.

posted on Sep, 10 2009 @ 05:58 PM
Cash for Clunkers worked out great! Now let's give control of Health Care to the same people who gave us this gem of program!

posted on Sep, 10 2009 @ 06:11 PM
It's a variant on California's business IOU scam! The governments will recoup their losses via fines while the feds drag their feet making the dealers hold onto the paperwork needed to prevent the consumer from getting fined. Exactly the same sham as in Cali, issue the IOUs, demand businesses pay tax on the IOUs as if they were the same as cash income, but refuse to redeem the IOUs until October and fine the businesses for not paying tax (plus refusing to accept the businesses' IOUs even though you demanded they accept the state issued ones or else not get paid entirely) and ultimately the interest owed on the IOUs will be offset by the fines for late business taxes.

The government is crooked, mean, and corrupt... but they're not quite as stupid as we credit them with. Reminds me very much of JRR Tolkien's comments about Goblins in The Hobbit. He said that Goblins are cruel, dishonest, vile creatures who come off as being unitelligent, but in regards to weapons and devices of torture, they excel like no other, constantly inventing fantastic and amazing ways to inflict pain. That's the government in a nutshell... constantly inventing unbelievably creative ways to inflict financial pain on the American citizen.

posted on Sep, 10 2009 @ 09:23 PM
We have two dealerships here that refused to get into this mess and now they are being harassed and threatened by Ford and GM. They have been told that because they didn't participate that cars ordered by them might not be available in the future. So now car dealers are getting pinched from both directions. Yup, Change we can Hope for......if you survive this administration!

Forgot to add. These dealers must keep so many cars on the lot. It's called floor planning and if they don't have the cars they are in default of dealership agreements so they could loose the franchise by getting screwed by both the government and the Corporations!

[edit on 9/10/2009 by ZindoDoone]

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