What Is The Cheapest New Car You Can Buy – Last summer, the average price of a new car reached $40,000. By December, that number had risen to $47,077 in the bank account. The perfect lack of supply and the storm of disruptions associated with the pandemic has shaken and caused the industry to rise. prices rise. With fewer cars to sell and people unwilling to buy them, dealers stopped offering discounts and instead settled for hefty “market adjustment” fees or higher prices than the Ram 1500 TRX. Everything from the Nissan Frontier pickup to the Porsche Macan seemed to be similarly affected as their base MSRP prices rose significantly. And the 10 cheapest cars for sale here are no longer under $20,000.
To make matters worse, this segment has also suffered several losses in recent times. Affordable favorites like the Honda Fit, Ford Fiesta, Toyota Yaris and Chevrolet Sonic have all been discontinued. We pour them into a small plastic cup. And then to fill again from thrift, because you have to save where you can. While these attractions may not have everything you want, they all give you what you need at a price that many people can afford. And if you’re looking for something a little bigger, check out our list of the cheapest new trucks.
What Is The Cheapest New Car You Can Buy
The Nissan Sentra won’t knock your socks off with excitement, but it’s loaded with standard safety features. Under the hood is a 149-horsepower inline-four engine and a CVT. The last Sentra we tested hit 60 mph in 8.9 seconds, slightly faster than others on this list. It’s not as much fun to drive as the Honda Civic, but even the Sentra SR’s top trim starts at the Civic’s base price.
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The frugal Kia Soul is the only entry on this list with not one, but two Top 10 awards. It has a small price tag, an impressive trunk, and a 147-horsepower inline-four with a continuously variable transmission (CVT) that knows no weakness.
A subcompact segment is assembled with records. Some are good, many induce drowsiness. At least the Hyundai Venue is reasonably priced. Power comes from a 121-horsepower four-cylinder engine mated to a CVT. It’s pointless to fight microcars, but the Space is 1.1 seconds faster than the more expensive Nissan Kicks to 60 and 2.4 seconds faster than the Toyota C-HR.
Kia Forte is the best-selling model of the Korean brand. The base engine is a noisy 147-horsepower inline-four, and the Forte gets incredible gas mileage at an EPA-estimated 41 mpg highway. It also has a larger fuel tank than the Honda Civic and Volkswagen Golf, giving the Forte an EPA-estimated 490 miles before returning to the gas station.
The Subaru Impreza is the most affordable four-wheel drive car available today. Power comes from a 152-horsepower straight-four mated to a five-speed manual transmission. This lack of urgency results in better fuel economy with an EPA-estimated 31 mpg highway.
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You may have rented a car from the airport or sat in a Hyundai Accent during your last Uber ride, neither of which experiences will convince you to buy one. The Accent is powered by a 120-horsepower four-cylinder and CVT. The last Accent we tested hit 60 mph in 8.9 seconds, making it one of the slowest cars we tested in 2021.
Two body types are suitable for Kia Rio. The sedan is $940 cheaper than the five-door hatch. A 120-horsepower inline-four with a CVT is the sole powertrain, and the Rio is front-wheel drive only. Its subcompact size makes cornering fun with stiff body control, but its dull steering instantly reminds you of cheapness. Gas stations hate them because the Rio gets an EPA-estimated 33 mpg city and 41 mpg highway.
The Nissan Versa comes with several standard safety features such as front and rear automatic emergency braking, automatic high beams and lane departure warning. In the base model S, a 122-horsepower inline-four engine powers the front wheels with a standard five-speed manual transmission. If it makes you feel any better, people spending close to $20,000 on a Versa SR or SV have the same horsepower but a boring CVT. However, the manual is noticeably worse in terms of fuel economy, with an EPA-estimated 35 mpg on the highway versus 40 mpg for the CVT.
The Mitsubishi Mirage is just about the cheapest new car in America. The Mirage hatchback and Mirage G4 sedan come with the same 78-horsepower three-cylinder engine. A five-speed manual transmission is standard equipment. The last Mirage we tested used a CVT and took 12.8 seconds to 60 mph. To reach 90 mph, you need to straighten the right pedal in 35.6 seconds. It takes the Mirage more than a quarter of a mile to reach 75 mph. However, the savings are immediate.
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Chevy will phase out the Spark by 2023 as the model will be phased out without a direct replacement. As the cheapest new car in America as of 2020, the Spark is still a great value. Power comes from a small 98-horsepower inline-four, with a five-speed manual transmission as standard in its cheapest form. The Spark gets an EPA-estimated 38 mpg on the highway, and its nine-gallon fuel tank is cheap to fill. Unfortunately, Spark lacks many standard security features. There’s no forward collision warning or automatic emergency braking unless you pay extra. Cruise control is also optional.
Yes, he’s still working on the 1986 Nissan 300ZX Turbo project car he started in high school, and no, it’s not for sale yet. Austin Irwin was born and raised in Michigan, and despite being hit with hockey pucks during his not-so-successful high school and college scoring career, he still has all his teeth. He likes cars and Bleu, a 1980 Great Pyrenees, and is an active member of the Buffalo Wild Wings community. When Austin isn’t working on his cars, he’s probably on the side of the road helping someone else fix their cars.
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Average transaction prices hit a record high of over $46,000 in October due to low inventory, and it will be a while before things return to normal.
The increase also comes from a market shift towards trucks and SUVs, as many customers buy higher-end models, but economy cars with low MSRPs are still few and far between. That doesn’t mean dealers aren’t trying to squeeze a little more out of sales. We’ve found examples of three of the cheapest cars for sale, with prices ranging from $1,000 to $10,000, but many with sticker price.
The price of the 2022 Nissan Versa sedan is down just $100 to $16,055, which gets you a 122-horsepower four-cylinder engine, a manual transmission, and an amazingly spacious cabin for the segment.
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The Mirage’s 76-horsepower three-cylinder engine makes it the most powerful car on sale today, but the stick-shift subcompact makes up for it with a starting price of $15,290 and a fuel economy rating of 41 mpg on the highway.
Following the discontinuation of the Fiat 500, the Chevrolet Spark is now the smallest new car in the US, and it comes with the cheapest price. Priced at $14,595, it’s the only car available under $15,000, but manages to cram four doors and a 98-horsepower four-cylinder into its tiny package. Gone are the days of new cars costing under £10,000, but you can still pick up a handful of models under £15,000; here are some of the cheapest
For the same money as a complete TV package with entertainment and sports channels, you can drive away with a brand new car. You’ll usually need a fairly large down payment – several thousand pounds in most cases – but even if you’re planning to spend £100-200 a month on PCP finance, a brand new car could be within reach.
Financing a new car can get expensive very quickly, but you don’t have to spend a fortune to get a shiny car with all the kit. If you’re looking for simple, easy transportation to get you from A to B, there are plenty of options that won’t cost you more than a couple of pickups every week. We’ve listed the six cheapest models based on their official prices and taking into account any down payment finance discounts available.
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Opting for a finance deal – especially those that offer 0% APR or no interest loans and big down payments – can make these cheap cars even more affordable. However, be aware that some of the cheapest new cars come with the worst financing deals. For example, Citroen’s annual rate is 11.9%.
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