In some cases, dealerships are afraid of not getting reimbursed by the government for taking the cash for clunker trade so they are requiring the buyer to sign a waiver stating that if the dealership doesn’t get the money from the government then the buyer will be on the hook for the $3,500 – $4,000 trade in amount. Now, I don’t want to go too hard on the dealerships here because the government has been slow to pay them and there is always the fear that the funding will just vanish but as a consumer you need to get the best deal available for yourself. The reimbursement simply isn’t your problem and you should definitely not sign the waiver Signing the waiver is not necessary to participate in the cash for clunkers program and is just a requirement of that individual dealership. Cash For Cars Sydney
You need to check the book value of your trade in before you decide to trade it in. If it is near the $3,500 – $4,000 limit of the cash for clunkers program, then it is usually a better deal to sell it and then use the cash to buy a new car or get an even better value by buying a good used car that’s a couple years old but still under warranty.