Top 10 Cars to Avoid if You Don't Have a Cash for Clunkers Trade-In
As expected, small and midsized sedans are the most popular cars that are being purchased under the program. Here is the list of the top 10 "cash for clunkers" purchases so far:
- Ford Focus
- Toyota Corolla
- Honda Civic
- Toyota Prius
- Toyota Camry
- Ford Escape FWD
- Hyundai Elantra
- Dodge Caliber
- Honda Fit
- Chevrolet Cobalt
If you don't have a trade-in that qualifies for the "cash for clunkers" program, your best bet may be to hold off buying one of these popular models until after the program has ended.
Demand for these vehicles has shot up and dealers are in no mood to negotiate when there are tons of buyers clamoring for the same thing. Remember, supply and demand is one of the most important factors when it comes to the price of the car.
After the program ends, demand for these vehicles will go back down and dealers will once again be willing to make some great deals. Yes, you have to wait a couple of months, but the savings will probably be worth it.
It doesn't make sense to compete with buyers coming into the showroom with a $4,500 voucher from the government. It's not the same playing field, so don't short-change yourself.
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and Ryde Shopper are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid