2009 Subaru Impreza WRX

Price: Starting at $29,495

Mileage estimate: From 18 mpg city to 25 mpg highway

Power: 2.5-liter, turbocharged engine with 265 horsepower

Standard features include: AM/FM stereo system with single-disc CD player and four speakers; automatic climate control system; cruise control; engine immobilizer; Incline Start Assist ; leather-wrapped steering wheel; power windows and door locks; keyless entry; tilt-and-telescope steering wheel

By Jeffrey Weidel

There were howls of disbelief a year ago when the Subaru braintrust decided to homogenize the Impreza WRX model.

Apparently, the WRX had quite a following among World Rally Championship enthusiasts who were incensed that one of their favorites was scaled back for 2008. Continue Reading »

Cash for Clunkers Running out of Money

Cash for clunkers may be out of money after just one week.  The White House said Thursday it was reviewing the wildly popular program because of concerns that the budget for rebates for new auto purchases may have been exhausted in only a week. The program, called the Car Allowance Rebate System, known as CARS, offers owners of old cars and trucks $3,500 or $4,500 toward a new, more fuel-efficient vehicle.

Dealers have been submitting the rebates at such a fast pace the government already has a backlog and isn’t sure how much money is left to fund the program and thus the program may have to be suspended until the processing catches up and the government can figure it out. 

Maybe we should just take back a few of those billions the government used to shore up Wall Street and just let everybody that is driving a clunker get a new car.  Seems that might give those banks a little business to keep them going and help people get a new car as well as keeping a few more dealerships from closing their doors.

The White House said auto dealers and consumers should have confidence that transactions under the program that already have taken place would be honored.  So if you have a clunker and want to get in on the cash better hurry!