Cash for Clunkers might end on Monday.

POSTED: Friday, August 21, 2009 - 9:17am

UPDATED: Thursday, February 25, 2010 - 12:33pm

If you were planning on trading in that clunker, you better do it fast, the Obama administration plans on ending the Cash for Clunkers program on Monday night.

Congressional officials say the Transportation Department will wind down the program that offers car buyers rebates of up to $4,500 for trading in older vehicles for new, more fuel efficient models. The popular multi-billion dollar program, which was already extended once, is coming to an end, less than five weeks after it began.

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