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POPSWhy should you avoid these Clunkers The Cash for Clunkers (C4C) program was very popular when it started in late July and quickly burned through its $1 billion in funding, and Congress approved an extra $2 billion. On Thursday, the U.S. Department of Transportation said it had recorded more than 457,000 dealer transactions worth $1.9 billion in rebates and that there was enough money for the program to continue through Monday.