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Thursday, July 30, 2009

'Cash for Clunkers' a federal headache for local dealers

Adam Krauss reports in Foster's Daily Democrat that local car dealers are not enjoying their encounter with federal bureaucracy:

he trade-in rebate program — which promises $3,500 or $4,500 rebates on new vehicles in hopes of getting fuel-efficient cars on the road — requires that motorists show proof of insurance and that they have owned the vehicle for at least one year. The problem, lawmakers say, is that New Hamsphire doesn't have a mandatory insurance law.

But that issue only scratches the surface of the program's "chaotic" rollout, as put by Peter McNamara, president of the state's Automobile Dealers Association.

"I don't know of a single dealership who has successfully submitted a claim," he said. "One dealership has 50 deals stacked up" in the office waiting to be processed. (more)

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