Cash for Clunkers Likely to be Extended Until September

Many dealers have been hesitant to continue the program since they're the ones responsible for collecting the rebates from the government. They don't want to be left with thousands of dollars in unpaid vouchers.
The House already approved an additional $2 Billion to continue the program, and all that's needed now is Senate approval which we believe will pass by the end of the week.
In the meantime, you may want to hold off trading in your car until after the Senate approves the additional funds. Although unlikely, they may insist on certain changes to the program which could come back to bite you if you do a deal now.
Whatever you do, do not write the dealer a check for the rebate amount in case the voucher doesn't go through. You could end up losing the rebate that way. Just wait and make sure the Senate approves the additional funds before proceeding with the program. It's very likely they will do so.
With the additional $2 Billion in funds, the program is expected to last until Labor Day.
3 Steps Every Car Buyer Needs to Take to Save Maximum Money
The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:Step 1 Get Prices From My Trusted Network
Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).Step 2 Get Prices From TrueCar / CarsDirect
TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.Step 3 Complete my Checklist
Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About The Author

Latest Weekly Car Buying Tips
February 2023
- Worst Cars to Lease Right Now Feb 02, 2023
- Top 100 Cheapest New Cars Feb 02, 2023
- Real Prices of Compact Cars Feb 02, 2023
- Cheapest Luxury Lease Deals Feb 02, 2023
January 2023
- Best Car Deals Around the Country Jan 26, 2023
- Price Comparison of Subcompact SUVs Jan 26, 2023
- Tesla Drops Prices Up to 30% Jan 26, 2023
- New Cars You Should Wait to Buy Jan 26, 2023
- Top 100 Cheapest Lease Deals Jan 19, 2023
- Best Car Deals by Category Jan 19, 2023
- Cars With the Largest Rebates Jan 19, 2023
- Real Prices of Large SUVs Jan 19, 2023
- New Cars with the Most Available Inventory Jan 12, 2023
- Biggest Discounts on New Cars Jan 12, 2023
- Real Prices of New Compact SUVs Jan 12, 2023
- Real Finance Rates with 750 Credit Score Jan 12, 2023
- Best Bang for Your Buck Lease Deals Jan 05, 2023
- Best Electric, Hybrid Lease Deals Jan 05, 2023
- Best 0% Finance Deals January 2023 Jan 05, 2023
- Real Prices of Midsize SUVs Jan 05, 2023