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:

1. Ford Focus
2. Toyota Corolla
3. Honda Civic
4. Toyota Prius
5. Toyota Camry
6. Ford Escape FWD
7. Hyundai Elantra
8. Dodge Caliber
9. Honda Fit
10. 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.