The search for an affordable new car can be a daunting task, but fear not, as we have rounded up the top 5 cheapest new cars in the market. These cars are listed in order of base price, with prices inclusive of the destination charge but excluding taxes and fees and cash incentives. Additionally, all prices listed in this article are for cars fitted with an automatic transmission.
2023 Mitsubishi Mirage ES
Starting off the list, the 2023 Mitsubishi Mirage ES takes the crown as the cheapest new car with a base price of $17,600, inclusive of the $1,045 destination charge. This subcompact hatchback is fitted with a 1.2-liter three-cylinder engine and a continuously variable automatic transmission. The Mirage delivers impressive fuel efficiency with an EPA-estimated 39 mpg combined, but its performance leaves something to be desired. The Mirage received a makeover in 2021, including a refreshed front and rear bumper, updated interior with new materials, a standard 7-inch touchscreen, and standard safety features like automatic emergency braking with pedestrian detection.
2023 Kia Rio LX
Next on the list, we have the 2023 Kia Rio LX with a base price of $17,645 inclusive of the $1,095 destination charge. The Rio is fitted with a 120-horsepower, 1.6-liter four-cylinder engine and a standard continuously variable automatic transmission that results in a combined fuel economy of 36 mpg. The Rio comes standard with an 8-inch touchscreen multimedia display, wireless Android Auto, and Apple CarPlay, but automatic emergency braking is only available on higher trim levels.
2022 Hyundai Accent SE
The 2022 Hyundai Accent SE is the third car on the list, priced at $17,740, inclusive of the $1,095 destination charge. Like the Rio, the Accent is powered by a 1.6-liter four-cylinder engine and a CVT that results in a 36 mpg combined fuel economy. The base SE trim comes with power windows and locks, Bluetooth, a 60/40-split folding backseat, and steering-wheel-mounted audio controls. However, automatic emergency braking is not available on this base trim and must be upgraded.
2023 Nissan Versa S
The 2023 Nissan Versa S is next on the list, priced at $18,425, inclusive of the $1,025 destination charge. The Versa is packed with active-safety and driver-assist features such as automatic emergency braking with pedestrian detection, reverse automatic braking, lane departure warning, and high-beam assist. It also comes with convenient features like cruise control, automatic headlights, push-button start, and Bluetooth streaming audio. For the 2023 model year, the Versa receives an updated front end and adds optional Apple CarPlay and Android Auto for the base S model.
2023 Kia Forte LX
The 2023 Kia Forte LX, priced at $20,585, including the $1,095 destination charge, is the fifth car on the list. The Forte is powered by a 2.0-liter four-cylinder engine and a continuously variable automatic transmission that results in a combined fuel economy of 34 mpg. The base LX model comes standard with an 8-inch touchscreen, Android Auto, and Apple CarPlay, and automatic emergency braking. Although the Forte offers good value for a daily driver, it has a small trunk, making it less ideal for those seeking ample cargo space.
When it comes to purchasing a new car, cost is a major factor for many buyers. The market has many options for those looking for an affordable car, with various models starting at prices under $23,000. The above mentioned cars are among the 10 cheapest new cars available, with the 2023 Mitsubishi Mirage ES topping the list as the most affordable option starting at just $17,600. Each car has its own unique features, including fuel efficiency, safety features, and convenience options, making it important for buyers to carefully consider their individual needs and budget.