2008 Honda Civic EX 2dr Coupe w/Navigation (1.8L 4cyl 5M)
My ratings are based on comparing the Civic to other vehicles in its price range and this car really has the competition beat. Voice nav, play any digital media through aux, plenty of torque to get around LA traffic, no parking spot is too small and I get 28 mpg even though I'm always punching the gas. My previous car was a '98 BMW 540i with lots of power and surprisingly this car speeds up well considering its engine size. Combine all that with low maintenance costs ($40 for oil change, no prob) and a great warranty and this car leaves Nissan, Toyota and Mini in the dust.
Navigation, MPG, high redline, reliability... all things that a "cheap" car needs to feel not-so-cheap.
Bluetooth should come standard with the navigation package, instead it's a $700 add on. Luckily most smart phones like the G1, Blackberry and iPhone plug into the aux jack and allows you to answer calls through there.