Yahoo Autos Cheapest New Cars for 2023
With the average price for a new car coming in at well over $40,000, it may seem as though the new-vehicle market no longer caters to the more financially prudent among us. Sure, there are used cars, but sometimes you just want something new: a car with a full factory-backed warranty and the peace of mind that there aren't any hidden gremlins from prior owners' misadventures. Just how affordable the below models seem depends on your budget, but if you're determined to drive home in a brand-spanking-new 2023 model-year car while also spending the least amount of money, then these automotive options are likely your best bet.
Nissan Versa—$17,075
These days, few cars sticker for less than $20,000. The Nissan Versa is one of them, with the entry-level S trim ringing in at $17,075. The cheapest iteration of Nissan's subcompact sedan is certainly no luxury car, but it's also far better equipped than its low price suggests. Standard kit includes cruise control, Bluetooth wireless connectivity, and a 7.0-inch touchscreen infotainment system. Like all Versas, the base S relies on a modest 122-hp 1.6-liter four-cylinder engine for motivation. Unlike the higher-end SV and SR trims, though, the Versa S comes standard with a five-speed manual transmission, which ought to allow the driver to make the most of the four-cylinder's limited power. Opting for the available continuously variable automatic transmission (CVT) adds $1670 to the bottom line.
Mitsubishi Mirage—$17,500
The Mitsubishi Mirage may not be the cheapest new car, but it is the cheapest new hatchback you can buy. Though the Mirage's body style belies additional versatility, the little Mitsu's stubby shape and small size mean there's only so much space to work with. With its wheezy 78-hp three-cylinder engine and standard CVT, the Mirage barely feels able to keep up with traffic at highway speeds. It's a better machine around town, though the CVT tends to hold the engine's revs high, which makes the cabin a rather noisy place. At least the entry-level Mirage ES comes reasonably well-equipped with niceties such as a 7.0-inch touchscreen infotainment system that's compatible with both Apple CarPlay and Android Auto, an automatic climate-control system, and cruise control. Mitsubishi also offers the Mirage as a sedan, dubbed the G4. With a base price of $18,500, the entry-level Mirage G4 ES costs a cool $1000 more than its hatchback counterpart.
MORE ABOUT THE MITSUBISHI MIRAGE
Kia Rio—$17,875
Sometimes it pays to spend a little more money, and the Kia Rio proves it. With the exception of the base LX trim's standard CVT (at least it's one of the industry's better ones) and lack of cruise control, the 120-hp Rio looks, feels, and drives like a far more expensive car than its $17,875 base price suggests. We're not saying you'll confuse the Rio for a BMW 3-series, but you won't get the impression you're driving a penalty box, either (at least until you need cruise control, that is). Kia also offers the Rio in hatchback form, but it limits that body style to the higher-end S trim which starts at $18,815—$300 more than the Rio sedan in S guise. If cruise control is a must, then the pricier S (which also adds a number of other convenience items) is the Rio trim to spring for.
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