FORT WAYNE, Ind. (Indiana’s NewsCenter) – The Cash for Clunkers program is receiving an additional $2 billion dollars to keep the wheels rolling on the popular program.
The Senate approved the extra money for the program Thursday and President Obama signed it into law Friday.
Indiana’s NewsCenter visited a local dealer to find out how the program is affecting motorists and dealers.
Joanne Minyard is ready to ditch her 10-year-old minivan for a new ride.
“We've had it 10 years and now it's time for it to rest in the great graveyard of automobiles,” said Minyard.
Minyard joins the more than 157,000 people nationwide who traded clunkers for new cars.
But how are sales locally?
“As of lately it's been very busy around here,” said the top Cash for Clunkers Salesman at Dimension Ford Adam Williams. “Everybody is looking to cash in so to speak on all of the incentives that are out there.”
But how do you cash in on the incentives?
Your vehicle must be less than 25 years old must get 18 or fewer miles to the gallon, and be registered and insured for the full year prior to trade in.
The paperwork takes Joanne Minyard about 2 hours but she says it's worth it. She's getting $3,500 for her minivan, trading up to a new; more fuel efficient, red Ford Fusion.
“The van gets roughly, you know, 15 miles to the gallon and my new car is going to get 23 miles to the gallon so I'm real excited,” said a smiling Minyard.
“There are people two three four years out that have bought a car now because of the program,” said Williams. “So, we are seeing people that would not have seen typically walk through the door.”
People like Joanne Minyard who look at her old clunker and her new red Fusion and think....
“It's pretty amazing,” Minyard laughed. “It's this beautiful? And red they say is my color.”
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