Cash for Clunkers program is extended through the weekend

The Obama administration has officially said that any purchases made under the Cash for Clunkers program this weekend will be honored by the government. As recently as last night there were multiple reports that the program could be suspended today.

The attempts to extend the program are probably a wise move as an abrupt suspension would have greatly upset a good portion of the American public. Many people who want to take advantage of the program still have yet to bring in their clunkers.

Now that the program has been extended at least through the weekend expect consumer to rush in and make sure they take advantage of the bill. As I wrote earlier, I expect the program to get more funding and be extended even beyond the weekend for political reasons but many consumers will likely rush in to make a purchase this weekend and guarantee themselves the $3500 or $4500 credit.