The Cheapest New cars for 2018
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The Cheapest New cars for 2018
Recently, I was in the market for a new car. Although I know buying used cars is much cheaper than buying new, I am tired of dealing with used cars that require thousands of dollars in repairs.
I have a tight budget, and many friends and family members say that I live in a dream if I think I can buy a car with very little. However, I know exactly what my money can get me. Since I am willing to sacrifice size and feature luxury, I can get a new Mitsubishi Mirage hatchback car for less than half what the most recent car costs.
If you do not have a lot of money to spend, choosing one of the cheapest new cars that exist today can be a smart financial decision. You get the reliability and warranty of new vehicle manufacturers without going bankrupt.
According to Kelley Blue Book, one of the most trusted sources for car owners, the average selling price of new cars in January 2017 was $ 34,968. Most buyers do not have that much money in the bank to buy a car in cash. In fact, 86 percent of new car buyers finance their vehicles, Experian reported.
Since most people rely on car loans, buyers are stuck with monthly payments and long repayment terms. For new car buyers, the average loan payment is $ 509 which is spread over 68 months. Long loan periods can add hundreds or even thousands of dollars to interest costs.
But you can dramatically reduce the debt you take and lower your monthly payments by choosing a cheaper vehicle. Today, cheap new cars are reliable and secure; You may have to skip additional features like interior sound system or premium leather.
We saw the cheapest car available today and ranked by price. When you review this list, you might think you’ve seen cheaper prices elsewhere. That’s because most manufacturers list the lowest prices available, which is usually a car with a manual transmission.
However, fewer people can drive a stick and only 3 percent of vehicles sold have manual transmissions, reports the LA Times. Due to that problem, our list only covers the price of the car with automatic transmission.
Here’s our list of the 10 cheapest new cars that you can buy right now, all costing under $ 20,000.
1. Ford Fiesta S: $ 13,660
Of all the new cheap cars that exist today, the Ford Fiesta S beats them all when it comes to price. It also offers comfortable seating for up to five people and 12.8 cubic feet of storage space.
The Fiesta has a respectable 120 horsepower engine, so it has a nice ride that handles the highway without any problems. It also has features like SYNC 3 system, which lets you use Apple CarPlay and Android Auto. You can also interact with your phone, send and receive text messages without removing hands from the wheel.
If you need a cheap vehicle that gives you space and comfort, the Fiesta is at the top of the list of the cheapest new cars.
2. Nissan Versa Sedan S Plus: $ 14,130
The Nissan Versa Sedan S Plus offers decent fuel savings and more seating and cargo space than most other cars listed here. If you need more space but have a budget, Versa can accommodate your family comfortably, even if you include a car seat.
However, Versa offers little entertainment and comfort features. S Plus does not have a rearview camera, keyless entry, or USB port. This is a barebones trim that works for families who need commuting cars but do not want to spend a lot.
3. Hyundai Accent SE Sedan: $ 14,745
Although Hyundai Accent SE Sedan is in the top three when it comes to the cheapest new car, this SUV is less benefited from other vehicles on this list.
On average only 26 mpg in town and 36 mpg on the highway, it has one of the worst fuel economy ratings. In addition, it does not have features like Bluetooth or rearview cameras, which look standard in other cars.
However, Accent does have an excellent 10,000 year powertrain warrant behind it. And it has more cargo space, so this is a better option for families than some other vehicles.
4. Mitsubishi Mirage G4 ES: $ 15,595
Mitsubishi Mirage G4 ES offers a lot of bang for your buck. It is one of the four most expensive cars out there but offers standard features like rearview camera, Bluetooth capability, touchscreen display, and USB port. Can also comfortably accommodate five people and have enough luggage space to cram your groceries.
Mitsubishi also offers one of the best warranties in the industry; With your purchase, your new car is backed by a five year limited warranty, 60,000 miles and a powertrain warranty of 10,000 miles per hour.
However, Mirage G4 has an anemia engine with only 78 horsepower being the lowest on our list. But on the plus side, the little engine gives you amazing fuel efficiency. It has the best gas economy of all ten vehicles, averaging 33 mpg in the city and 40 mpg on the highway.
5. Fiat 500 Pop: $ 15,985
Fiat 500 Pop is funny and sporty. In fact, Kelley Blue Book placed him as one of the top 10 coolest cars under $ 25,000 last year.
The Italian car maker designed the 500 to stand out from other subcompacts. It sits lower on wheels and has a spoiler to improve aerodynamics and adds to its sleek appearance. All 500 models have a full-color 5-inch touchscreen, media hub, hands-free calling, and more.
Its fuel efficiency is equivalent to a much smaller Smart Fortwo, but it has a more powerful engine and a more enjoyable driving experience.
6. Smart Fortwo Pure Coupe: $ 15,990
Smart Fortwo Pure Coupe is definitely not for everyone, but if you like unique and funny, it’s possible for you. This is by far and away the smallest vehicle on the list and, with only 89 horsepower, the engine is pretty weak. If you do a lot of highways and need to speed up or change lanes quickly, you may find Fortwo inadequate.
In addition, the size also means the back room and cargo space does not exist. If you need to carry a lot of groceries or your latest target catch, this car is not a wise choice.
However, this is very fuel-efficient, getting 33 mpg in town and 39 mpg on the highway. If you are looking for a small compact car that runs far above the gas tank and fits in a congested area, Fortwo can work.
7. Kia Rio S: $ 16,100
Kia Rio S is the right choice for someone who prioritizes performance but has budget. It has a tight turning radius, so this is the right choice for those who live or work in the city and need to navigate through the traffic.
It also has features you would expect in a much more expensive car, such as a touchscreen audio system and a rear-view camera. However, Rio fell behind some other inexpensive vehicles in fuel economy, averaging only 28 mpg in the city and 37 mpg on the highway.
8. Toyota Yaris LE: $ 17,285
Toyota is known for its exceptional quality, and the Yaris upholds its reputation. With style and additional features, the LE Yaris combine performance with efficiency.
Unlike many cars on the list, the Yaris is a three-door vehicle, not four-door. It can be a habit to get used to, but it has other features that help make up for it, including rearview cameras and touch-screen radios and navigation systems.
Some reviewers say that seating in the Yaris is uncomfortable compared to other subcompacts, so another factor to keep in mind if you have a long trip.
9. Chevrolet Sonic LS: $ 17,370
If you want a car that is compatible with the latest technology, the Chevrolet Sonic LS may be the vehicle for you. The car has Chevrolet MyLink – a built-in touch screen system – with Bluetooth capabilities. It can connect to Apple CarPlay and Android Auto.
You can skip the adapter; Sonic has a USB port for your smartphone. And if you’re concerned about security, Chevrolet offers OnStar trials for three months. It even has a rear-view camera, which is a standard feature that even more expensive cars often do not have.
10. Mazda 3 4-Door Sport: $ 19,145
When you shop for cars under $ 20,000, you often have to sacrifice horsepower and interior comfort. However, the Mazda 3 4-Door Sport has one of the most powerful engines on this list with 155 horsepower. It’s still fuel-efficient, although it averages 28 mpg in town and 37 mpg on the highway.
However, Mazda 3’s interior is its strongest selling point. It has features that you will associate with a much more expensive car, such as air-conditioning with a pollen filter, push start button, voice command capability, and Bluetooth.
If you’re used to driving a larger sedan or SUV, switching to a compact can be a big transition. You often have to learn how to deal with road noise and more movement on the highway. But Mazda 3 is bigger than many cars on this list, and at 2,899 pounds, this car has a safe and steady ride.