The popularity of the 'Cash for Clunkers' program has reached east Mississippi. Local dealers say they're being inundated with people who want to trade their old cars in for something more fuel efficient, and get a $4500 break from the federal government in return.
John O'Neil Johnson dealerships in Meridian have already traded-in about 30 clunkers. And they say they are hoping more people will take advantage of the huge savings while it lasts.
A clunker is a catchy word for the car that might be becoming an eyesore or unreliable. The dealers say it's a win-win situation, and it's increasing business at the dealership.
Older vehicles that might draw $500 as a trade-in will be worth $3500 to $4500.
"The news that broke, I guess a week ago, kind of created a sense of urgency for people," said Will Wilkinson of John O'Neil Johnson. "So you really started seeing them come in at the point in time when they thought the program would be suspended at any time."
And it's still not known how long the program will last. The clunkers will sit on the lot until dealers get their money from the federal government. When will that be? No one knows right now, but the dealers at Johnson didn't seem too worried about that.
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