Cheapest Car in the United States: Ranked List of Low-Cost Options to Buy Now

by

The cheapest new car in the United States for 2025 is the Nissan Versa, starting at $18,330. Other affordable options are the 2025 Hyundai Venue for $21,550 and the 2025 Chevrolet Trax for $21,795. The Mitsubishi Mirage is also affordable due to its low ownership costs, making it a reliable choice for budget-conscious buyers.

Next on the list is the Mitsubishi Mirage. This hatchback combines low starting costs with impressive fuel efficiency, making it an economical choice for daily commutes. Starting around $15,000, it appeals to drivers seeking utility at a low price.

The Hyundai Accent, priced slightly higher, offers a comfortable ride and a spacious interior. At around $17,000, it provides great value for families and individuals alike.

The Kia Rio rounds out the list of affordable vehicles. With a base price near $16,000, it brings modern technology and design to the budget segment.

These options demonstrate that finding a reliable and cost-effective new car is possible. In the following section, we will explore the features and specifications of these low-cost options, helping you make an informed decision.

What Are the Cheapest Cars Available in the United States Right Now?

The cheapest cars available in the United States right now are typically budget-friendly options from various manufacturers. These vehicles often prioritize affordability while still providing basic features and reliability.

  1. Chevrolet Spark
  2. Mitsubishi Mirage
  3. Kia Rio
  4. Hyundai Accent
  5. Nissan Versa
  6. Toyota Yaris
  7. Ford Fiesta

These cars target different consumer preferences, including fuel efficiency, warranty options, and basic amenities. While lower prices attract buyers, some consumers argue these models may lack advanced safety features or modern technology found in higher-priced vehicles. Others believe that low-cost cars serve as essential solutions for budget-conscious individuals.

  1. Chevrolet Spark:
    The Chevrolet Spark is a subcompact car known for its low starting price and practicality. It has a peppy engine and offers good fuel efficiency, averaging around 30 miles per gallon in the city and 38 on the highway. The Spark is ideal for city driving due to its small size and nimble handling.

  2. Mitsubishi Mirage:
    The Mitsubishi Mirage boasts the title of one of the most affordable new cars in America. It comes with an impressive fuel economy of approximately 36 mpg city and 43 mpg highway. However, some critics point out its limited horsepower and basic interior features, making it suitable primarily for budget-conscious buyers.

  3. Kia Rio:
    The Kia Rio offers a solid balance between affordability and features. This subcompact car provides a comfortable ride with a more upscale interior compared to its price range. It achieves around 33 mpg in the city and 41 mpg on the highway. Kia also includes a generous warranty, enhancing its appeal.

  4. Hyundai Accent:
    The Hyundai Accent is appreciated for its reliability and build quality. It features a spacious interior and good cargo capacity for a subcompact car. The Accent delivers approximately 33 mpg in the city and 41 mpg on the highway, making it a practical choice for daily commutes.

  5. Nissan Versa:
    The Nissan Versa stands out for its spacious interior and advanced safety features at an affordable price. It offers about 32 mpg city and 40 mpg highway, making it a fuel-efficient option. Its comfortable seating and technology add to its overall value.

  6. Toyota Yaris:
    The Toyota Yaris combines affordability with Toyota’s reputation for reliability. It provides commendable fuel efficiency of around 30 mpg city and 39 mpg highway. Though slightly more expensive than other models on this list, its quality and resale value make it a popular choice.

  7. Ford Fiesta:
    The Ford Fiesta is a well-rounded subcompact car known for engaging driving dynamics. It offers a variety of trim levels and features, making it attractive to different buyers. The Fiesta achieves approximately 27 mpg in the city and 35 mpg on the highway, appealing to those who prioritize driving pleasure.

What Features Should You Look for When Choosing a Cheap Car?

The most important features to look for when choosing a cheap car include reliability, fuel efficiency, safety features, maintenance costs, and warranty options.

  1. Reliability
  2. Fuel Efficiency
  3. Safety Features
  4. Maintenance Costs
  5. Warranty Options

When evaluating these features, consider not only your personal needs but also the varying opinions on what constitutes the best combination of attributes for a cheap car.

  1. Reliability: Reliability is the likelihood that a car will perform well over time without major issues. A reliable car requires fewer repairs, leading to lower long-term costs. According to Consumer Reports, brands like Toyota and Honda often rank highly in reliability. A reliable car minimizes downtime and maintenance expenses, making it a sensible choice for budget-conscious buyers.

  2. Fuel Efficiency: Fuel efficiency refers to the distance a car can travel on a specific amount of fuel, typically measured in miles per gallon (MPG). High fuel efficiency reduces the overall cost of ownership by lowering fuel expenses. For instance, vehicles that achieve over 30 MPG on the highway can save a significant amount over time, especially for daily commuters. The U.S. Department of Energy emphasizes the importance of fuel-efficient cars in reducing overall energy consumption.

  3. Safety Features: Safety features are design elements and technologies that protect occupants during a crash. Common features include airbags, anti-lock braking systems, and electronic stability control. The IIHS rates vehicles for safety, providing valuable information for buyers. A vehicle with good safety ratings can reduce insurance costs and improve peace of mind for drivers.

  4. Maintenance Costs: Maintenance costs include routine services and repairs necessary to keep the vehicle in good working order. Certain brands and models are known for having lower maintenance costs. For example, the Hyundai Elantra is often cited for its affordability in repairs and parts. Researching how much you can expect to spend on maintenance can significantly affect your total cost of ownership.

  5. Warranty Options: Warranty options refer to the guarantees provided by manufacturers covering repairs and parts replacements for a specified period. A good warranty can provide peace of mind, especially for used cars. Some manufacturers offer extended warranties that add value to the purchase. According to a 2021 study by J.D. Power, cars with better warranty options can enhance consumer satisfaction and reduce anxiety over potential repair costs.

Which Car Models Are the Most Affordable in 2023?

The most affordable car models in 2023 include the following options:

  1. Hyundai Accent
  2. Kia Rio
  3. Toyota Yaris
  4. Honda Fit
  5. Chevrolet Spark

These vehicles are designed with budget-conscious consumers in mind. However, it is important to consider various perspectives regarding their affordability, features, and market demand.

Now, let’s explore these top affordable car models in more detail, focusing on their attributes and specifications.

  1. Hyundai Accent: The Hyundai Accent provides an excellent balance between price and features. Its base model starts around $16,000, making it a popular choice for first-time buyers. The Accent offers a fuel-efficient engine and a spacious interior. According to the U.S. News & World Report (2023), it ranks well in affordable subcompact cars, thanks to its reliability and low ownership costs.

  2. Kia Rio: The Kia Rio is another cost-effective option, with a starting price near $16,500. It features a user-friendly infotainment system and comfortable seating. The Rio is praised for its safety ratings and warranty coverage. The Insurance Institute for Highway Safety (IIHS) recognized it as a top safety pick in 2023.

  3. Toyota Yaris: The Toyota Yaris offers a starting price of about $17,000. It is known for its durability and low maintenance costs. The Yaris features advanced safety technologies and a spacious cabin. According to Toyota’s internal data, the Yaris has maintained a high resale value compared to competitors.

  4. Honda Fit: The Honda Fit, priced around $17,500, provides versatility with its unique cargo space. Its “Magic Seat” allows for various configurations, enhancing practicality. The Fit holds a reputation for fuel efficiency and a strong engine, resulting in positive reviews from automotive experts.

  5. Chevrolet Spark: The Chevrolet Spark is one of the most economical choices, with a base price near $14,000. It is ideal for city driving due to its compact size. Though it lacks some advanced tech features, it offers essential connectivity options. Consumer Reports highlights the Spark’s affordability as a distinguishing feature in the subcompact segment.

In conclusion, while the options listed provide affordable choices, potential buyers should consider factors such as features, safety ratings, and long-term reliability when making their decision.

What Cars Provide the Best Fuel Economy for Their Price?

The cars that provide the best fuel economy for their price typically include hybrid and compact models. Many consumers prioritize both the purchase price and fuel efficiency to minimize overall costs.

  1. Toyota Prius
  2. Honda Insight
  3. Hyundai Elantra Hybrid
  4. Kia Niro Hybrid
  5. Ford Escape Hybrid
  6. Honda Civic
  7. Toyota Corolla
  8. Nissan Versa

To explore these options further, it is important to understand the specific attributes that make these cars economical and desirable.

  1. Toyota Prius: The Toyota Prius is a well-known hybrid vehicle. It offers a combination of high fuel efficiency and a relatively affordable starting price. According to the EPA, the Prius achieves approximately 54 MPG in the city and 50 MPG on the highway. Its reputation for reliability also enhances its value.

  2. Honda Insight: The Honda Insight is another hybrid option. It combines an attractive design with efficient performance. The Insight delivers around 55 MPG in the city and 49 MPG on the highway, according to EPA estimates. Additionally, its pricing is competitive within the hybrid market, appealing to budget-conscious buyers.

  3. Hyundai Elantra Hybrid: The Hyundai Elantra Hybrid provides excellent fuel economy and a solid warranty. It achieves roughly 53 MPG in the city and 56 MPG on the highway. This model appeals to consumers looking for an affordable compact car with hybrid technology.

  4. Kia Niro Hybrid: The Kia Niro Hybrid stands out with its versatility as a crossover SUV. It delivers approximately 51 MPG in the city and 46 MPG on the highway. Its reasonable pricing and spacious interior make it an attractive option for families or those needing extra cargo space.

  5. Ford Escape Hybrid: The Ford Escape Hybrid offers the functionality of an SUV while still maintaining great fuel efficiency of about 44 MPG in the city and 37 MPG on the highway. This combination of space and efficiency appeals to consumers who require both.

  6. Honda Civic: The Honda Civic is a well-regarded compact car. Although not a hybrid, its fuel economy rating of approximately 33 MPG in the city and 42 MPG on the highway is impressive for its price point. Civic’s reliability makes it a popular choice for many buyers.

  7. Toyota Corolla: The Toyota Corolla remains one of the best-selling cars. With a fuel efficiency of around 31 MPG in the city and 40 MPG on the highway, it offers reliable performance and low maintenance costs, which contributes to its overall value.

  8. Nissan Versa: The Nissan Versa is known for its affordability. While its fuel efficiency is classic, achieving about 32 MPG in the city and 40 MPG on the highway, its very low starting price makes it a viable option for budget-conscious consumers.

These vehicles exemplify the best balance of price and fuel efficiency. Each has unique attributes that cater to different consumer needs and preferences, ensuring a variety of choices for efficient driving.

Which Compact and Subcompact Cars Are Most Budget-Friendly?

The most budget-friendly compact and subcompact cars include options that offer affordability in purchase price, efficiency, and low maintenance costs.

  1. Honda Civic
  2. Toyota Corolla
  3. Hyundai Elantra
  4. Kia Forte
  5. Nissan Sentra
  6. Mazda3
  7. Chevrolet Spark
  8. Ford Fiesta

When considering these options, various perspectives may focus on attributes like fuel economy, reliability, or available technology features. Some consumers prioritize lower upfront costs, while others value long-term fuel savings and maintenance expenses.

1. Honda Civic:
The Honda Civic is known for its reliability and resale value. Honda builds the Civic with a robust engine and offers exceptional fuel efficiency, averaging 36 miles per gallon combined. The latest model includes advanced safety features, appealing design, and high-tech connectivity options. A 2022 Consumer Reports survey rated the Civic as one of the best small cars for overall satisfaction.

2. Toyota Corolla:
The Toyota Corolla consistently ranks high in compact cars for affordability. It features a strong reputation for longevity and dependability. The Corolla delivers approximately 32 miles per gallon combined. Toyota includes standard safety technologies, like adaptive cruise control and lane departure warning, making it an attractive choice for safety-conscious buyers.

3. Hyundai Elantra:
The Hyundai Elantra is an economical car with innovative design and reliable performance. It achieves an estimated 33 miles per gallon combined. Elantra’s warranty—10 years or 100,000 miles for the powertrain—enhances its budget-friendliness. Additionally, the Elantra’s spacious interior and user-friendly technology features appeal to many drivers.

4. Kia Forte:
The Kia Forte offers a compelling balance of price, performance, and comfort. It competes closely with the Elantra, boasting similar fuel economy at approximately 33 miles per gallon combined. Kia’s warranty also ranks among the best in the industry. This car is popular with younger buyers due to its modern styling and tech options.

5. Nissan Sentra:
The Nissan Sentra is recognized for its roomy interior and fuel efficiency, averaging 33 miles per gallon combined. Its spacious trunk and comfortable back seat make it a practical option for families. While Sentra may not have the same resale value as competitors, it compensates with a low starting price.

6. Mazda3:
The Mazda3 is celebrated for its driving dynamics and upscale interior. It achieves around 30 miles per gallon combined. While it may come at a slightly higher price point compared to others, its sporty handling and aesthetics resonate well with budget-minded drivers who crave a bit of luxury.

7. Chevrolet Spark:
The Chevrolet Spark is one of the most affordable vehicles available. It typically has an excellent starting price and proposes around 30 miles per gallon combined. The Spark’s compact size makes it ideal for urban settings. However, its power and interior conveniences may be limited compared to larger competitors.

8. Ford Fiesta:
The Ford Fiesta offers excellent maneuverability and efficient fuel consumption, typically delivering around 32 miles per gallon combined. This compact car appeals with its fun driving experience and customization options, though production discontinued in 2020. Buyers should consider availability in the used market for budget-friendly options.

These vehicles offer various attributes and appeal to different audiences, ensuring that there are budget-friendly choices to meet diverse needs. Each has its unique selling points, catering to individuals prioritizing aspects like cost, efficiency, or features.

What Should You Know About the Buying Process for Low-Cost Cars?

The buying process for low-cost cars involves several important factors to consider. Understanding these aspects can help you make an informed decision.

  1. Budget: Determine your total budget for the purchase, including taxes and fees.
  2. Research: Investigate available low-cost models through online reviews and consumer reports.
  3. Condition: Decide between new or used cars, considering the condition and history of used options.
  4. Financing: Evaluate financing options, such as loans or leasing, and their terms.
  5. Inspections: Get a pre-purchase inspection for used vehicles to identify potential issues.
  6. Negotiation: Be prepared to negotiate the price based on your research and vehicle condition.
  7. Documentation: Check all necessary documentation, including the title and registration.

Having outlined these key steps, let’s delve deeper into each aspect of the buying process for low-cost cars.

  1. Budget: Establishing a budget is crucial for a successful car purchase. A clear budget includes not only the purchase price but also taxes, registration fees, insurance, and maintenance costs. This holistic understanding of your financial capability allows you to make choices without overspending.

  2. Research: Conducting thorough research helps identify which low-cost vehicles meet your needs. Resources such as online car reviews, consumer reports, and automotive websites like Edmunds or Kelley Blue Book provide insights into vehicle performance, reliability, and consumer satisfaction. Research can also pinpoint special deals or discounts.

  3. Condition: The decision between a new or used car significantly impacts your budget and satisfaction. New cars usually come with warranties and the latest features but are pricier. Conversely, used cars typically cost less and may have depreciation advantages; however, they may require more maintenance. It is vital to check online marketplaces, local dealerships, or auctions for options.

  4. Financing: Evaluating financing options can help manage your acquisition costs effectively. Explore loans from banks, credit unions, or dealer financing to compare interest rates and terms. Be aware that loans can lead to overall savings when you find a low-interest rate, thus reducing monthly payments.

  5. Inspections: A pre-purchase inspection is vital for used vehicles. It helps identify potential mechanical issues that could lead to costly repairs. Independent mechanics usually offer inspections, which can provide peace of mind and leverage in negotiations.

  6. Negotiation: Skilled negotiation can significantly lower the vehicle price. Use your research to justify an offer below the listed price. Highlight potential repair needs uncovered during inspections to steer negotiations in your favor.

  7. Documentation: Ensuring all necessary documentation is in order is essential for a smooth transaction. This includes validating the vehicle title, checking for outstanding liens, and confirming that the registration reflects current ownership. Proper documentation also aids in future resale and ownership transfer.

By carefully considering these factors, you can navigate the buying process for low-cost cars effectively and find a vehicle that suits your needs and budget.

What Are the Advantages and Disadvantages of Buying a Cheap Car?

Buying a cheap car has both advantages and disadvantages. The decision should consider factors like cost, reliability, and the buyer’s long-term financial goals.

Advantages and Disadvantages of Buying a Cheap Car:
1. Lower Purchase Price
2. Cheaper Insurance Costs
3. Lower Depreciation Rate
4. Higher Maintenance and Repair Costs
5. Potential Reliability Issues
6. Limited Features

Understanding the advantages and disadvantages can help you make a more informed decision regarding buying a cheap car.

  1. Lower Purchase Price: Buying a cheap car offers a significant financial advantage due to the lower upfront cost. Budget-conscious buyers can benefit from spending less money initially. For example, models such as the Honda Civic and Toyota Corolla often feature lower initial prices compared to luxury cars.

  2. Cheaper Insurance Costs: Insurance rates for cheap cars are generally lower. This reduction is due to the lower value of the car, leading to decreased risk for insurance companies. The National Association of Insurance Commissioners states that the average insurance cost can drop by as much as 20% with a less expensive vehicle.

  3. Lower Depreciation Rate: Cheap cars tend to depreciate at a slower rate compared to more expensive models. According to Kelley Blue Book, mid-range vehicles lose about 50-60% of their value after five years, while lower-cost vehicles typically retain value better, making them less of a financial loss over time.

  4. Higher Maintenance and Repair Costs: The maintenance and repair costs for a cheap car can be higher over time. Older or budget vehicles may require more frequent repairs, meaning extra money spent on upkeep. Consumer Reports indicates that cheaper cars often have lower-quality parts, leading to increased maintenance needs.

  5. Potential Reliability Issues: Some cheap cars may not offer the same reliability as higher-end models. This instability can result in unexpected repairs and greater inconvenience for the owner. A study by J.D. Power in 2022 found that cheaper vehicles often struggle with issues that impact overall customer satisfaction.

  6. Limited Features: Cheap cars frequently come with fewer features compared to mid-range or luxury vehicles. Buyers may miss out on advanced technology, safety features, or higher-quality interiors. This discrepancy can affect the driving experience, leading some buyers to reconsider their purchase based on personal preferences.

In summary, buying a cheap car involves weighing the lower purchase price and insurance costs against potential maintenance issues and limited features. The decision should align with personal needs and financial objectives.

What Key Factors Should You Consider When Buying a Used Cheap Car?

When buying a used cheap car, consider the vehicle’s condition, reliability, history, price, and maintenance costs.

Key factors to consider include:
1. Vehicle Condition
2. Reliability Ratings
3. Vehicle History Report
4. Price Comparison
5. Maintenance and Repair Costs
6. Fuel Efficiency
7. Test Drive Experience

Understanding these factors will help you make an informed decision about your purchase.

  1. Vehicle Condition: Evaluating the vehicle condition involves examining the exterior, interior, and engine performance. Look for rust, dents, and signs of prior accidents. A thorough inspection by a mechanic can reveal hidden issues. According to the Automotive Recyclers Association, a car’s condition can significantly impact its resale value. A well-maintained vehicle can provide better long-term reliability.

  2. Reliability Ratings: Reliability ratings assess how well different models perform over time. Organizations like J.D. Power and Consumer Reports provide annual vehicle reliability ratings based on extensive surveys. Cars from manufacturers with high reliability ratings tend to require fewer repairs and incur lower maintenance costs. For example, Toyota and Honda frequently rank high in reliability, making them popular choices among used car buyers.

  3. Vehicle History Report: A vehicle history report offers insight into a car’s past. Services like Carfax and AutoCheck compile records of accidents, title changes, and service history. Understanding a car’s history helps identify potential red flags. According to a 2018 study by the National Insurance Crime Bureau, cars with a clean history report tend to have a higher resale value.

  4. Price Comparison: Price comparison involves researching similar vehicles in your area. Websites like Kelley Blue Book or Edmunds provide fair market values based on model, year, and condition. Finding competitive prices will help you avoid overpaying. The Federal Trade Commission suggests negotiating based on your research to achieve the best deal.

  5. Maintenance and Repair Costs: Maintenance and repair costs vary by make and model. Some vehicles require more frequent service or expensive parts. Understanding the typical costs for a specific model can influence your decision. A 2019 report by AAA estimated the average annual maintenance cost for a car is about $400. Brands like Hyundai tend to have lower average repair costs.

  6. Fuel Efficiency: Fuel efficiency is crucial for long-term savings. Cars with better gas mileage save money on fuel consumption. The U.S. Department of Energy provides estimates for miles per gallon (MPG) ratings for various models. For instance, compact cars like the Honda Civic generally offer better fuel economy than larger vehicles, making them a more economical choice.

  7. Test Drive Experience: A test drive allows you to assess the car’s comfort, handling, and performance. Pay attention to how the vehicle accelerates, brakes, and steers. A 2020 survey by automotive website Cars.com found that nearly 70% of buyers considered the test drive a critical factor in their decision-making. A successful test drive can confirm that the vehicle meets your driving preferences.

By considering these factors, you can make a well-informed choice when buying a used cheap car.

How Can You Verify You’re Getting a Good Deal on a Used Car?

To verify you’re getting a good deal on a used car, research the vehicle’s market value, inspect its condition, review its history report, and consider additional costs.

Research the market value: Use resources like Kelley Blue Book or Edmunds to find the fair market price for the car model you are interested in. These platforms provide suggested prices based on make, model, year, mileage, and condition. Comparing prices helps determine if the seller’s asking price is reasonable.

Inspect the vehicle’s condition: Examine both the exterior and interior of the car. Look for signs of wear and tear, damage, or rust. A professional mechanic can perform a detailed inspection, identifying hidden issues such as engine problems or transmission wear that could affect long-term reliability. Research by the Automotive Research Center indicated that 30% of used cars have undisclosed issues (2022).

Review the vehicle history report: Use services like Carfax or AutoCheck to obtain a vehicle history report. This report provides information about previous accidents, title issues, odometer readings, and service records. A clean history with no major accidents or title issues indicates a more reliable purchase.

Consider additional costs: Account for insurance, registration fees, and maintenance costs. Some models may have higher insurance rates or be more expensive to maintain. The average annual cost for car ownership can exceed $9,000, according to AAA data from 2021, so it’s essential to assess long-term affordability.

By following these steps, you can confidently determine whether you are getting a good deal on a used car.

Related Post: