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What Happens to “Cash for Clunkers” Cars? 

It’s official. The “cash for Clunkers” program is getting another two billion dollars so it can continue through Labor Day, if the money lasts that long.Consumers and car dealers aren’t the only ones happy to hear the news.As Amy Erickson found out, the folks who run junkyards say they can use the business, too.”I’m really excited. That means more cars, more money for us.”Jared Jacobs is the facility manager at One Steel Recycling in Glenburn.The company has three other facilities across the state and they couldn’t be more thrilled about the “Cash for Clunkers” program continuing through Labor Day.Workers here have already taken in about 200 “Clunkers.” They pick them up from the dealer once the engines have been seized.”We usually take 7 or 8 at a time and bring them here to our facility. At that point, we drain any remaining fluids on our car rack and then they’re ready to be crushed in one of our balers.”Jacobs gave us a demonstration.”It comes out as just a box.””Once they’re crushed, we ship them out of state and they recycle the metals.”The popular “cash for Clunkers” program gives car owners up to 45-hundred dollars for trading in older vehicles for newer, more efficient models.Jacobs says he’s seeing a variety of “clunkers” being traded in”We’re seeing all kinds. Most are late model trucks, four wheel drives that are less efficient.”And Jacobs hopes they keep on coming. Since “clunkers” mean cash for his business.”We’ve seen quite an increase in cars statewide as a result of this program, so it’s definitely helping us and the dealerships generate some new business.”