Top 10 Cheapest New Cars That You Shoud Buy in 2022/2023
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| The Cheapest New Cars in USA 2022/2023 |
So you’re looking for a cheapest car in USA– but you still want a good car, right?
Just because the price is low, it doesn't mean that the quality is too. All the cars here have low recommended retail prices and low monthly costs.
Below we have the 10 cheapest new cars you should buy so you can get into a new car without breaking your budget. Note that these prices include destination charges.
The cheapest new car sold in the U.S. is nearly $13,000 cheaper than the average price of a used car.
Last summer, the average price for a new car hit $40,000. With fewer cars to sell and no shortage of people wanting to buy them, dealerships stopped offering discounts and instead slapped on fat "market adjustment" fees or markups taller than a Ram 1500 TRX. And the 10 cheapest cars sold here are no longer within the sub-$20K bracket. Affordable favorites like the Honda Fit, Ford Fiesta, Toyota Yaris, and Chevrolet Sonic all ended production. We pour out a tiny plastic cup for them.
What Are the Cheapest New Cars In America for 2022/2023?
1.Chevrolet Spark – $14,595
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| Chevrolet Spark LS 2022 |
Engine: 1.4-liter inline four-cylinder, 98 hp / 94 lb-ft
Fuel Economy: 29/38/33 mpg (MT), 30/38/33 mpg (AT)
Base Price: $14,595
The Chevrolet Spark remains the cheapest new car in America, with an MSRP of $14,595 including destination (but not whatever discounts your local dealer might be offering).
Chevy loses its Spark for 2023, as the model is being discontinued without any direct replacement. The Spark, which has been America's cheapest new car since 2020, is, however, a great value. Power comes from a tiny 98-hp inline-four, with a five-speed manual standard in its cheapest form.
Thanks to a recent refresh the Spark enjoys standard features such as a 7.0-inch infotainment screen (with Android and Apple pairing), two USB ports, built-in WiFi hotspot, integrated daytime running lamps, tire pressure monitoring, and 15-inch wheels. Passenger space is about what you’d expect of a 143-inch long car; that is to say it’s decent, though trunk space is small.
The Spark gets an EPA-estimated 38 mpg on the highway, and its nine-gallon fuel tank is cheap to refill. Unfortunately, the Spark lacks greatly in standard safety features. There's no forward-collision warning or automated emergency braking unless you pay extra. Cruise control is also extra.
2.Mitsubishi Mirage – $16,125
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| Mitsubishi Mirage |
Base price: $16,125
Fuel Economy EPA combined/city/highway: 36/33/41 mpg
Warranty: 10-year/100,000-mile and 5-year/60,000-mile limited warranty
The Mitsubishi Mirage is nearly America's cheapest new car.
Measuring just 149.2 inches nose to stern, the Mirage is one of the smallest new cars on the market. It’s also possibly the slowest, with a 1.2-liter engine and just 78 horsepower. But you’re not buying an economy car for speed, you’re buying it for, well, economy. The Mirage posts a 41 mpg highway figure, or 43 mpg with the optional CVT. The only cars that better its ratings are hybrids.
Standard features are generous considering the sticker price, with automatic climate control, a 7.0-inch central display, keyless entry, and Bluetooth. If you prefer the longer (169.5-inch) sedan body to the hatch, it’s an extra $1,000.
3.Nissan Versa – $16,205
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| Nissan Versa Sedan |
Base price: $16,205
Fuel Economy EPA combined/city/highway: 30/27/35 mpg
Warranty: 5-year/60,000-mile powertrain and 3-year/36,000-mile limited warranty
The Nissan Versa comes with a slew of standard safety features such as front- and rear-automated emergency braking, automatic high beams, and lane-departure warning.
The base Versa S comes with a five-speed manual transmission hooked up to a 1.6-liter engine. This combo is capable of a decent 35 mpg combined, though that figure jumps to 40 mpg when picking the $17,775 CVT model. All models come with a 7.0-inch touchscreen, though you’ll need to upgrade to the $18,915 SV to gain Apple CarPlay and Android Auto functionality instead of just Bluetooth.
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4.Kia Rio Sedan – $17,275
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| Kia Rio Sedan |
Engine: 1.6-liter inline four-cylinder, 120 hp / 112 lb-ft
Fuel Economy: 33/41/36 mpg
Base Price: $17,275
Warranty: 10-year/100,000-mile powertrain and 5-year/60,000-mile limited warranty
Two body styles fit the Kia Rio. The sedan is $940 cheaper than the five-door hatch. A 120-hp inline-four with a CVT is the only powertrain, and the Rio is only front-wheel powered. Its subcompact size makes it entertaining to drive with solid body control through corners, but its dull steering is an immediate reminder of affordability. Gas stations hate them, as the Rio gets an EPA-estimated 33 mpg city and 41 mpg highway.
Like a few other entries on this list, the Kia Rio comes in both sedan and hatchback form. And just like most, the sedan is the cheaper option, undercutting the Rio 5-Door S by about a grand. Both models come with a 1.6-liter engine, producing an acceptable 120 hp and 112 lb-ft of torque.
5.Hyundai Accent – $17,690
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| Hyundai Accent Sedan SE |
Engine: 1.6-liter inline four-cylinder, 120 hp / 113 lb-ft
Fuel Economy: 33/41/36 mpg
Base Price: $17,690
Warranty: 10-year/100,000-mile powertrain, 5-year/60,000-mile limited, 3-year/36,000-mile complimentary maintenance
Hyundai gets a second entry on the list with its smallest sedan, the Accent. As it shares its platform with the Venue, the Accent has a lot of the same features, including a standard 1.6-liter, 120-horsepower engine. For 2022, the CVT is now standard, which explains the big $1,600 price jump over the 2021.
You've likely rented one at an airport or taken a seat in a Hyundai Accent during a recent Uber ride—not that either experience would convince you to buy one. A 120-hp four-cylinder and CVT move the Accent, sort of. The last Accent we tested made it to 60 mph in 8.9 seconds, making it one of the slowest cars we tested in 2021.
The Accent sacrifices active safety assists to get its low price, and also uses a 5.0-inch touchscreen without any major mobile pairing abilities.
6.Subaru Impreza – $19,790
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| Subaru Impreza |
Engine: 2.0-liter Boxer four-cylinder, 152 hp / 145 lb-ft
Fuel Economy: 23/31/26
Base Price: $19,790
Warranty: 5-year/60,000-mile powertrain and 3-year/36,000-mile limited warranty
The Subaru Impreza holds a few distinctions among this group of thrifty models. Firstly, it’s the only that comes standard with AWD—in fact, none of the others even offer it as an option. Secondly, it’s the most affordable compact sedan. Finally, it’s the most powerful model on this list, with the signature flat-four Subaru engine producing 152 horsepower and 145 pound-feet.
All the base model Imprezas come with power windows, a 6.5-inch touchscreen, and a sole USB port. You’ll miss out on automatic climate control, auto headlights, and Subaru’s EyeSight driver assistance tech, which is only compatible with the CVT.
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7.Hyundai Veloster – $19,905
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| Hyundai Veloster |
Base price: $19,905
Fuel Economy EPA combined/city/highway: 28/25/33 mpg
Warranty: 10-year/100,000-mile powertrain, 5-year/60,000-mile limited, 3-year/36,000-mile complimentary maintenance
With one door on the driver's side and two on the passenger's side, the Hyundai Veloster has character. Even though the base engine is a 147-hp inline-four—a steep fall from the sportier Veloster N's 275-hp turbocharged inline-four—it's still an affordable three-door compact with sharp looks and nimble handling. There's not much motion in its ocean, but where bargain prices and enjoyable driving are concerned, the Veloster makes waves.
8.Kia Forte – $20,115
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| Kia Forte |
Base price: $20,115
Fuel Economy EPA combined/city/highway: 35/31/41 mpg
Warranty: 10-year/100,000-mile powertrain and 5-year/60,000-mile limited warranty
The Kia Forte is the Korean brand's top-selling model. The base engine is a buzzy 147-hp inline-four, and the Forte gets incredible gas mileage with an EPA-estimated 41 mpg on the highway. It also has a larger gas tank than Honda Civic and Volkswagen Golf, giving the Forte an EPA-estimated 490 miles before returning to a gas station.
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9.Hyundai Venue – $20,245
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| Hyundai Venue |
Engine: 1.6-liter inline four-cylinder, 122 hp / 113 lb-ft
Fuel Economy: 30/34/32 mpg (CVT)
Base Price: $20,245
Warranty: 10-year/100,000-mile powertrain, 5-year/60,000-mile limited, 3-year/36,000-mile complimentary maintenance
The newest member of this list, the Hyundai Venue is technically a crossover but we don’t buy that. Don’t let the funky styling fool you: with only front-drive available, this is more of an urban adventurer than a rocks-and-mud one. That being said, the Venue is an entertaining little car, with all the baked-in value Hyundai is known for.
There’s only one engine option available, so even the base SE gets the 1.6-liter, 121-horsepower four-cylinder. It . An 8.0-inch touchscreen is also standard, with both popular phone pairing options. The Venue majors on safety, including emergency front braking, lane keep assist, automatic headlights and driver attention warning on all trims. Of course it also comes with Hyundai’s 10-year, 100,000 mile limited powertrain warranty.
10.Kia Soul – $20,505
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| Kia Soul |
Engine: 2.0-liter inline four-cylinder, 147 hp / 132 lb-ft
Fuel Economy: 28/33/30 mpg
Base Price: $20,505
Warranty: 10-year/100,000-mile powertrain and 5-year/60,000-mile limited warranty
Kia’s boxy Soul compact remains a fun, affordable choice for compact car buyers. “Compact” is a bit of a misnomer really, with the Soul’s upright shape lending it plenty of interior space. Starting its third generation for the 2020 model year, the Soul includes a 7.0-inch touchscreen infotainment system, Apple CarPlay and Android Auto integration, Bluetooth, and remote keyless entry as standard.
On the safety front, the LX includes rear child-safety door locks, four-corner disc brakes, hill-start assist, rear occupant alert, and tire pressure monitoring. Driving aids such as emergency braking and lane keep assist are now standard on all trims, on account of the six-speed manual disappearing from the lineup for 2022. That’s why the base price has ballooned almost $2,000 over 2021, however.
