RICHMOND, VA (WWBT) - The clock is ticking for those looking to trade their clunkers in for cash towards a brand new car. But even though the Obama administration plans to end the program on Monday, you've got even less time to make the trade.
"It's going to end Monday night but that's the end of our processing," said Dominion Chevrolet CEO, Ted Linhart. "So they must make a purchase decision and bring all their paperwork to us really by Saturday night."
Like most car dealerships, Dominion Auto Group won't take anymore cars under the Cash For Clunkers program past Saturday in order to meet the application deadline. This is forcing some customers to act quickly.
"I found out the day before yesterday and I told my husband last night, tomorrow we gotta go," said customer, Angela Belle.
Belle and her husband sped in to Dominion Chevrolet today hoping to trade in their 92 Lumina for a brand new Chevy Malibu. Dealers want potential car buyers to be aware that Friday is the last business day to make sure you have all of the necessary paperwork such as title information and proof of continuous insurance to qualify for the trade in.
"What it means is it's going to be a very very long weekend for all of us," said Linhart.
Most dealerships expect to sell an average of 40 cars a day between now and Saturday and are putting their sales teams in high gear to meet each car buyer's needs.
To see if your car qualifies and what paperwork is needed www.cars.gov.