Cash for Clunkers will End on Monday

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20090731_cash_for_clunkers_33Cash for Clunkers officially known as the CARS (Car Allowance Rebate System) will be ending Monday, Aug. 24, at 8 p.m. ET. A staggering 450,000 clunkers have been traded in for fuel-efficient, new vehicles. That was great news for sellers, buyers and manufacturers, but no one expected the CARS program to be so popular or so effective. After receiving an additional $2 billion in funding Cash for Clunkers is already tapped out which means that if you’re still holding onto a clunker, you have until 8 p.m. Monday, August 24 to trade it in for up to $4,500 toward a new, efficient vehicle.

Early estimates put the program lasting until as late as November 1, but the staggering popularity of CARS has lead to a shortage of funds. Some analysts are predicting there may not be enough money to last throughout the weekend – a claim the federal government denies, saying it has done the calculations to make sure every dealer gets paid for the vouchers it distributes.

Now the only question is whether or not the increased sales every manufacturer has seen will continue once the program ends on Monday. Many car makers, including Ford and General Motors, have upped production to keep up with demand, and now that the Cash for Clunkers program is ending, there’s some worry sales will slump off once again.

These models score well in Consumer Reports testing, have solid marks for safety, and average or better predicted reliability.

Make & model

EPA combined mpg

MSRP

Acura TSX

25

$29,675

Chevrolet HHR

24

24,730

Chevrolet Malibu (4-cyl.)

26

23,585

Ford Escape (4-cyl.)

21

25,470

Ford Escape Hybrid

28

25,470

Ford Focus

27

18,940

Ford Fusion (4-cyl., 2010)

25

22,145

Ford Fusion Hybrid (2010)

39

30,010

Honda Accord (4-cyl.)

24

22,795

Honda Civic

29

19,610

Honda CR-V

22

24,675

Honda Fit

31

16,020

Honda Odyssey

18

32,410

Hyundai Elantra

28

18,695

Hyundai Santa Fe

19

30,745

Hyundai Sonata (4-cyl.)

25

20,735

Hyundai Tucson (V6)

20

22,154

Kia Optima (4-cyl.)

25

22,795

Kia Sportage (V6)

20

23,565

Mazda3 (2.0L, 2010)

27

19,070

Mazda3 (2.5L, 2010)

25

20,700

Mazda5

23

22,615

Mini Cooper (base, MT)

32

21,700

Mitsubishi Outlander (4-cyl.)

22

22820

Nissan Altima 2.5S

26

22,705

Nissan Murano

20

33,330

Nissan Rogue

23

25,850

Nissan Sentra

28

18,855

Nissan Versa hatchback

29

16,675

Pontiac Vibe 1.8L

28

19,085

Scion tC

23

17,365

Scion xB

24

18,360

Scion xD

28

16,620

Subaru Forester

22

22,040

Subaru Impreza

22

19,106

Suzuki SX4 (FWD)

26

17,378

Toyota Camry (4-cyl.)

25

21,080

Toyota Camry Hybrid

34

29,720

Toyota Corolla

30

18,404

Toyota Highlander

19

38,575

Toyota Highlander Hybrid

26

43,770

Toyota Matrix S (2.4L)

24

21,180

Toyota Prius

46

24,803

Toyota RAV4 (4-cyl.)

24

25,405

Toyota Sienna

19

36,989

Volkswagen Jetta (2.5L)

24

23,580

Volkswagen Rabbit

24

19,725

Volvo C30

23

25,795

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