Cash for Clunkers coming to an end

By Crystal Price - bio | email

LAKE CHARLES, LA (KPLC) - It's been nearly one month since the Cash for Clunkers program began, and after using nearly all the money the program is finally coming to an end.

The program will officially end at 7 PM on Monday, August 24th.

Local dealers in the lake area say they are not surprised to see the program end so quickly.

"We knew it could end at any time and at least we're getting a little bit of notice here," says Philip Tarver, owner of Lake Charles Toyota.

Tarver says the program really boosted sales at Lake Charles Toyota.

"It's stimulated business, which is what it's supposed to do. It's actually sucked the inventory that we have out to the point where we don't really have much inventory left," says Tarver.

But although the program has been great for the dealership, Tarver says he's still waiting on reimbursements from the government.

"It's a little bit of trouble for us in terms of cash flow, but I believe we'll get all our money that's due to us," says Tarver.

Lake Charles Toyota says they are still accepting clunker applications until 6 PM on Saturday, August 22nd.

Tommy Tarver, an owner of a 1990 Chevrolet pickup, is taking advantage of these last few days before the program expires.

"I barely made it as far I understand, it's supposed to end this weekend," says T. Tarver.

The dealership is also reminding everyone to bring in their title, registration, or proof of ownership, and car insurance, which the car owner must have had for at least one year.

(Copyright 2009 KPLC-TV. All rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)