10 Most Affordable New Cars

Posted 2/13/2018 3:09 PM
10 Most Affordable New Cars

Paying a fair price is always important, but if you really want to get the cheapest new car you have to look beyond purchase price. Our 5-Year Cost to Own figures combine depreciation with fuel, financing and insurance costs to help you make a more informed decision when choosing an affordable new car.

Based on a full buy-drive-sell ownership cycle, here are the 10 cheapest new cars of 2018:

1. 2018 Chevrolet Spark

With only 98 horsepower on tap, the 2018 Chevrolet Spark minicar isn’t quick, but it’s fairly peppy especially when compared to other sub-100-horsepower cars. The Spark’s relatively long wheelbase contributes to its stability and smooth ride, as well as nimble handling. Younger buyers will appreciate the high tech, while mom and dad will like the Spark’s safety features.

2. 2018 Hyundai Accent

Totally redesigned for 2018, the Hyundai Accent is a fuel-efficient subcompact sedan that offers upscale technology and a fantastic warranty.

3. 2018 Kia Rio

You don’t have to settle just because you’re on a tight budget. Choose Kia’s new-for-2018 Rio sedan or Rio 5-door if you want a great-looking little car that performs well, gets great gas mileage and offers an extreme amount of value.

4. 2018 Honda Fit

Whether you're a college student first starting off, an empty-nester looking to downsize, or just want an inexpensive new car with all of today's connectivity, the 2018 Honda Fit has you covered. It offers excellent front- and rear-seat room, combined with great cargo utility and a fun-to-drive character. 

5. 2018 Nissan Versa

At a starting price of less than $13,000 including destination charges, the basic Versa S still comes with air conditioning and a 4-speaker audio system with Bluetooth connectivity. It also offers low cost of ownership, excellent fuel economy, and a surprisingly spacious rear seat. Even when you load it up you'll have trouble breaking the $18,000 mark. 

6. 2018 Mitsubishi Mirage

The 2018 Mitsubishi Mirage is among the most affordable vehicles on the market, with one of the best warranties in the industry. Beyond that, Mitsubishi's subcompact car struggles in most areas relative to the competition. 

7. 2018 Toyota Corolla iM

The 2018 Toyota Corolla iM offers the comfort, safety and reliability of the Corolla sedan but adds the versatility of a hatchback layout. Even at its sub-$18,000 base price, there's a host of standard safety equipment that's unheard of in this class, or even in cars costing much more.

8. 2018 Nissan Versa Note

The Versa Note hatchback is among the subcompact segment’s roomiest, most flexible entries. One of the most affordable cars in its class, the Versa Note also offers fuel economy of 39 mpg on the highway.

9. 2018 Hyundai Elantra

As with the rest of Hyundai's lineup, the Elantra boasts stylish looks, premium amenities and a class-leading warranty that includes 10-year/100,000-mile powertrain coverage.

10. 2018 Toyota Yaris iA

In the Yaris iA, Toyota has a subcompact car capable of challenging the sportier Ford Fiesta, quirky Chevy Sonic and well-equipped Kia Rio and Hyundai Accent.

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