• This thread is just the tip of the iceberg.The people ahead of the curve aren't Googling for answers — they're already in here, having the conversations you haven't found yet. DealerRefresh is free.Get the full picture →

Gov Breaking Law, Should Pay Interest!

Jump to latest Follow Reply
kleigh

kleigh

Full Sticker
Aug 13, 2009
15
0
First Name
West Herr Autogroup
#1
The Cash for clunkers law clearly states that dealers should be paid no later than 10 days after submitting claims.
I think they should pay interest. We have 3.7 million in unpaid claims, or about 10k a day interest at 5%
They should also pay penalties? Like the way the IRS requires us to Pay if we are late.

Thoughts?
 
Hrizn SEO Ai Overviews

✨ AI Highlights

  • A dealer expresses frustration that the government has failed to pay Cash for Clunkers program reimbursements within the legally mandated 10-day window, leaving his dealership with $3.7 million in unpaid claims, and argues the government should owe interest and penalties like the IRS imposes on late taxpayers.
  • While one commenter supports the idea, others express skepticism about holding the government accountable and one sarcastically suggests the asymmetry is unfair.
  • The thread reflects broader dealer frustration with government program execution without reaching consensus on a solution.

A dealer expresses frustration that the government has failed to pay Cash for Clunkers program reimbursements within the legally mandated 10-day window, leaving his dealership with $3.7 million in unpaid claims, and argues the government should owe interest and penalties like the IRS imposes on late taxpayers. While one commenter supports the idea, others express skepticism about holding the government accountable and one sarcastically suggests the asymmetry is unfair. The thread reflects broader dealer frustration with government program execution without reaching consensus on a solution.

Replies Views 4 2,687 Started Last Reply

Latest posts

Top Bottom
Back
Jump to latest Follow Reply
Jump to latest Follow Reply
Menu