Ore. car dealers to refund scrap value of Clunkers
Dec 18, 2009 | 10:55 AM
| Lisa Gordon
Two Portland, Ore.-area automobile dealerships have agreed to refund to consumers the scrap value of vehicles traded in under the "Cash for Clunkers" program to settle a complaint by the Oregon Attorney General's office.
As a result of the settlement, Toyota of Gladstone and Larry Miller Honda of Hillsboro will pay 236 Oregon consumers a total of $43,571 for the scrap value of the vehicles they traded in under the federal stimulus program.
Under the federal program, consumers received as much as $4,500 in credit for trading in a fuel-inefficient vehicle. One additional feature of the program, not widely known, required dealers to return to consumers the full scrap value of the vehicle, although the dealer was permitted to deduct $50 for a processing fee.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.