5 Cash for Clunkers Values on which to Spend your $4,500

by Benjamin Jones on July 30, 2009

Been wondering where to cash in on your government rebate in recent days? There are lots of great new cars on the market, but EcoModder has picked 5 in particular that have extra appeal when coupled with the government cash for clunkers (CARS) rebate.

1. 2010 Honda Insight


The cheapest hybrid on the market is even cheaper with a fat rebate. If you’ve always wanted a hybrid but have been long-detered by the price premium, this is the perfect time to cash in an on eligible price rebate. The Toyota Prius also becomes much cheaper under this plan, but still can’t beat the Insight’s low price.

Price after rebate: $15,300

2. 2009 Honda Fit

Honda Fit

Looking for big value in a little car? The Honda Fit is perfect for people looking to get a lot of car out of a vehicle with a small footprint. The car’s already low price makes it a perfect entry level vehicle or second family car.

Price after rebate: $10,250

3. 2009 VW Jetta TDI

2009 VW Jetta

With VW’s oft-lauded diesel models back on sale in all 50-states, a lot of people have been scooping up new TDIs. However, like hybrids, diesels carry a price premium that has prevented many people from capitalizing on their superior gas mileage. With a CARS rebate, this is no longer. You can pick up a manual transmission TDI now for a price comparable to similar gas vehicles without the rebate.

Price after rebate: $17,770

EDIT: VW notes that their clean diesels are also eligible for a further $1,300 government rebate for fuel economy, kicking down the price possibly as low as $16,470.

4. 2009 Smart Fortwo

Smart Fortwo

The Smart Fortwo has always been a small, thrifty vehicle, which has gotten even thriftier with this rebate. You can get the absolute base model for as low as $7,490, or capitalize on Smart’s offer of a $99/month payments on the Fortwo.

5. 2009 Toyota Yaris

Toyota Yaris

If you’re not into hatchbacks but want a cheap, fuel efficient sedan, the Yaris is for you. The Yaris is the smallest car in the Toyota lineup, and is easy on gas while maintaining a small footprint in a traditional sedan form.

Price after rebate: $7,705

Popularity: 17% [?]


1 Uncle B July 30, 2009 at 7:10 am

Still searching for a carbon fiber and advanced polymer composite bodied, tandem style, bio-diesel/electric Hybrid, super commuter, and an Earth-Arc solar collector charger on the shed roof to power the electric part! Phase two of the great republican depression is about to fall on our and Obama’s head now that Stevie Geithner closed all chances for Chinese loans with his Beijing dissertation to the intelligentsia there! We need cars that can run solar and home generated fuels – The OPEC folk have nt extended credit, and we are out of money! These entries are already “Last-year!” We must go cheaper! and fast! Even consider Euro-diesels and force Exxon to provide the fuel at fair prices! Smaller, faster, cheaper, and solar!

2 Catalina Bird September 23, 2009 at 9:26 am

I really like the car tht I looked at, because it is small and I think the car will be the right size

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