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Cash for Clunkers postponed to Monday

6a00d83451b3c669e20115703af20b970c-300wi The government website that lists details on the CAR Allowance Rebate System (informally known as Cash for Clunkers,) has been updated this morning. While the site had said the program would start “around July 24” it now says the program will start on July 27, or Monday. Many dealers locally are already advertising the federal incentive, and one at least one automaker, Hyundai, is advancing its dealers funds to cover the federal incentive. The company says Clunker sales made up 7 percent of sales in the first week of July. We’d suggest consumers call their local dealers and ask if they’re already registered with the program and accepting trade-ins if they decide to go car-shopping this week. We have been covering the program extensively since day one, and have a number of resources that can be found in our Guide to Cash for Clunkers.