Skip navigation

Behind The Wheel

BEHIND THE WHEEL VIDEO

» More

Current DateTime: 10:48:54 25 Nov 2009
LinksList Documentid: 30830730
Expiration DateTime: 11/25/2009 10:51:30 AM
    • Planes, Trains & Automobiles  5 hrs ago

        About 38 million Americans are expected to go somewhere this holiday season, and AAA says that's up about 1.4 percent from last year. NBC's Tom Costello has the details.

    • Maria's Market Message  24 Nov 2009

        CNBC's Sue Herera sits in for Maria Bartiromo to discuss the day's top business and financial stories, and look ahead to tomorrow's Closing Bell.

    • GM's Saab Story  24 Nov 2009

        It's back to the drawing board for GM after a Swedish company pulled out at the last minute of a deal to buy the Saab unit. Insight with Erich Merkle, independent automotive consultant and CNBC's Phil LeBeau.

    • GM's Saab Deal Is Off  24 Nov 2009

        General Motors' Saab deal is off, reports CNBC's Phil LeBeau.

    • BMW Signed as Olympic Partner  20 Nov 2009

        BMW has been chosen as the official automotive partner of the London 2012 Olympic and Paralympics games. Ian Robertson, board member of BMW Group, spoke to CNBC about the sponsorship.

RSS FEED

» Help

Current DateTime: 10:48:55 25 Nov 2009
LinksList Documentid: 30830722
powered by digg
Caught in Clunker Hell?
Published: Monday, 24 Aug 2009 | 12:40 PM ET
Text Size

Customer at an auto dealership.
AP

It is a story I've heard people whispering about over the last week.  Talk of dealers holding off on completing Cash for Clunker sales until paperwork is "approved" by the Federal government has picked up in the last week.  Especially as more and more dealers have seen their inventory of vehicles run lower and lower.  But today, when I heard two more cases of consumers being caught in a Clunker conundrum, I started to realize the end of this program is not going to be a good one for some buyers.

Take the case of Peter who e-mailed the following to me this morning.

"I purchased my new car 7/31 from the dealer's lot and still have not received it for my clunker.

The dealer refuses to release my car even though the NHTSA (see cars.gov) clearly states that the dealer should release the new car to the customer since it's on their lot and they should collect my clunker before they submit the voucher."

Hmmm..seems to me Peter is in Clunker hell.  Stuck with a beater the dealer should have taken in, but frustrated he can't complete the deal?  Are there other people suffering the same fate as Peter, who waits for his deal to be finished?

E-mail me and let me know if this has happened to you.  Let's see how many people are stuck in a Clunker situation.  Later today and tomorrow I'll let you know how many people are in the same spot.

Questions?  Comments? 

© 2009 CNBC, Inc. All Rights Reserved
Add This share icon
Text Size
ADD COMMENTS
Remaining characters


Current DateTime: 10:38:02 25 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 10:38:02 25 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 10:38:03 25 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 10:38:03 25 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters