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Article: Business briefs
- Article from:
- Press-Telegram Long Beach, CA.
- Article date:
- August 13, 2009
CopyrightCopyright 2009 Press-Telegram Long Beach, CA. Provided by ProQuest LLC. (Hide copyright information)
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CASH FOR CLUNKERS
Groups call for end to rebate payback waivers
Consumer advocacy groups are calling on the Department of
Transportation to crack down on dealerships offering questionable
sales terms to customers participating in the government's Cash for
Clunkers program.
The groups complained that some dealerships have pressured
customers to sign agreements forcing them to repay their clunkers
rebate if the dealership isn't reimbursed for the sale. The DOT says
car buyers are not required to sign the so-called contingency forms
to qualify for a clunkers transaction, but the groups said the
waiver should be banned.
The program allows car buyers to receive a rebate of either
$3,500 or ...