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Top 30 New Cars for the Budget-Minded

April 23, 2015

When shopping for a new car, price is usually the most important factor besides safety. After all, no one wants to be saddled with a new car payment they will be struggling with every month.

The good news is that for those on a tight budget -- such as new college graduates -- there are lots of great vehicles available today that will not break the bank. To prove it, Forbes recently released a list of 30 new cars that each come out to under $300 a month (assuming 20% down payment and 5 year loan). Vehicles on the list include the Hyundai Elantra GT, Ford Focus, Toyota Prius c, Jeep Patriot, and Kia Soul. Below is the full list of 30.

And for even more savings on these new cars, make sure to use TrueCar No Haggle and Edmunds Price Promise to help get the lowest price possible.

Top 30 New Cars on Tight Budget

VehicleMonthly Payment*
Chevrolet Spark$178
Mitsubishi Mirage$189
Smart ForTwo$193
Kia Rio$203
Ford Fiesta$203
Nissan Versa Note$206
Chevrolet Sonic$207
Hyundai Accent$214
Toyota Yaris$216
Kia Soul$221
Honda Fit$227
Kia Forte$231
Chevrolet Cruze$235
Nissan Sentra$239
Dodge Dart$239
Jeep Patriot$243
Toyota Corolla$246
Fiat 500$249
Ford Focus$250
Hyundai Elantra$251
Nissan Frontier$261
Jeep Renegade$262
Hyundai Veloster$262
Honda Civic$266
Kia Forte Koup$270
Hyundai Elantra GT$273
Toyota Prius c$284
Kia Forte 5$286
Volkswagen Jetta$300
Nissan VersaN/A
*Monthly payment based on a 60-month loan and 20% down payment.

My Recommendation for Car Shoppers

TrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan

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Gregg Fidan

About: Gregg Fidan

Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.

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