This program was highlighted on Fox News this morning.
It seems the dealers are wary of the program - but basically wary of the program due to its' success!
$1 billion dollars in the program, an average of $4000 dollars per vehicle, by 20,000 dealers nationwide equals about 12-13 cars per dealers available at the present financing. The particular dealer they interviewed sold that many vehicles under the program the very first day!
It seems the dealers think that the program is paperwork intensive and they worry that the program is ALREADY out of money and the gov't doesn't even know it. If that is the case - then the dealer is left holding the bag since they have basically fronted the customer the money already.
I thought I might have jumped in a little quick since I wasn't planning on getting a new car quite yet - but now I'm glad I went ahead and got my rebate.
USMCFLYR