Cash for clunkers: Still have a little time left

Dealer race until the final documents to deposit cash offer thud of 3 billion U.S. dollars

Program funded by the government discount, popular among consumers when it comes to its completion and official Monday.

Dealers only on Monday to 8 pm ET to write bids offered under the program.

The government has extended the deadline for submitting requests voucher Clulnker Tuesday
at noon due to technical problems with the licensees to use the website to submit an application, the Department of Transportation announced Tuesday afternoon.

U. S. 625.000 Department of Transportation requests received from suppliers Clunkers payment orders for a total of 2.58 billion dollars from Monday morning, DOT said.

In a statement Friday the company, the National Automobile Dealers Association has urged the government to accept applications for dealer discounts up to 31 August. The group cited a slowdown in the computer, which could result in "huge demand" on Monday.

Some traders said that participate in the crock, until the end. Others said they stopped because they do not want to risk giving a discount of $ 4500 on a machine and must be paid by the government.

AutoNation (Fortune 500), the chain of the country's largest dealership, stopped making transactions in cash for clunker from Friday. AutoNation has been completed more than 12,000 retail outlets, according to spokesman Mark Cannon.

"It 'was a race a lot," says Cannon.

According to Clunkers, which was launched 27 vehicles purchased after July 1 July are eligible for a refund vouchers worth $ 3500-4500 U.S. dollars traded on cars with fuel rating of 18 miles per gallon or less.

Car buyers trading in a vehicle must show that the vehicle was called for at least a year, and most states, the car is insured. Dealers must provide copies of paper documents, among other things, the National Highway Traffic Safety Administration to obtain their discounts.

Virginia Automobile Dealers Association reported last week that about 25% of its members, dealers have left the program because of the uncertainties are paid for their bids.

Report of the Virginia auto dealers' that operators are paid only about 3% of all transactions that have been made in this state. Hall described how difficult the process of administration, with frequent problems and rejection.

E 'ugly, ugly, "said Hall.

The main trade group for operators of last-minute push to delay for traders to submit documents.