If you want to get cash for giving up your clunker but you’re not sure you can afford to buy a new car, then we’ve got some information that might make you think twice. We spotted a few models on LotPro.com for which the $4,500 Cash For Clunkers incentive amounts to more than a third of the sticker price. Take a look:
4. 2009 Kia Rio
List Price: $11,495
Price After $4,500 Cash for Clunkers Rebate: $6,995
Transmission: Five-speed manual
Combined Gas Mileage: 30 mpg
Horsepower: 110 hp
“As Kia's smallest car, the 2009 Rio boasts the brand's smallest price, making it one of the least expensive new cars you can buy in the United States," according to Edmunds.com. “If a rock-bottom price for basic transportation with a great warranty is your primary concern, the base Kia Rio is hard to beat. But others are more fuel efficient,” the car experts add.