Top 50 Cheapest New Cars
For those of you who want the dependability and warranty a new car provides, but need something affordable, I've compiled the top 50 most affordable new cars available right now.
If you intend to keep your new vehicle for a long time (like more than 5 years), than one of these options may make sense for you. However, if you like to trade cars often, or want a lot of bang for your buck, you should be considering a 3-5 year old used car instead.
Unlike most other sources, I sort my list by Average Selling Price, not MSRP, because this is more accurate and factors in the different discounts offered by different models. Most other sources list the Nissan Versa as cheapest because it has the lowest MSRP, but in reality, the 2019 Chevrolet Spark is actually the cheapest after you factor in expected discounts off MSRP.
The good news is these deals should all be readily available on TrueCar .
Biggest Current Discounts (by % of MSRP)
| Rank | Vehicle | Avg MSRP | Avg Discount | Avg Sale Price |
|---|---|---|---|---|
| 1 | 2019 Chevrolet Spark | $16,720 | $2,818 | $14,026 |
| 2 | 2020 Chevrolet Spark | $16,720 | $614 | $14,480 |
| 3 | 2019 Mitsubishi Mirage | $16,834 | $2,184 | $14,822 |
| 4 | 2019 Ford Fiesta | $17,876 | $3,139 | $15,697 |
| 5 | 2019 Nissan Versa | $16,513 | $906 | $15,855 |
| 6 | 2019 Toyota Yaris | $18,015 | $1,545 | $16,078 |
| 7 | 2019 Kia Rio | $16,948 | $1,884 | $16,194 |
| 8 | 2019 Hyundai Accent | $17,784 | $1,963 | $16,196 |
| 9 | 2020 Hyundai Accent | $18,015 | $1,166 | $17,343 |
| 10 | 2019 Honda Fit | $19,473 | $630 | $17,977 |
| 11 | 2019 Kia Forte | $20,515 | $2,126 | $18,064 |
| 12 | 2019 Chevrolet Sonic | $19,715 | $2,642 | $18,341 |
| 13 | 2019 Hyundai Kona | $30,052 | $1,743 | $18,427 |
| 14 | 2018 FIAT 500 | $22,788 | $2,413 | $18,630 |
| 15 | 2020 Hyundai Elantra | $22,113 | $2,388 | $19,167 |
| 16 | 2019 Nissan Kicks | $21,032 | $1,843 | $19,278 |
| 17 | 2019 FIAT 500 | $22,847 | $1,925 | $19,814 |
| 18 | 2018 Ford Fiesta | $17,997 | $223 | $20,117 |
| 19 | 2019 Chevrolet Trax | $25,778 | $5,266 | $20,142 |
| 20 | 2018 FIAT 500X | $25,219 | $5,267 | $20,206 |
| 21 | 2019 FIAT 500L | $24,965 | $5,069 | $20,259 |
| 22 | 2018 Jeep Renegade | $24,607 | $4,437 | $20,364 |
| 23 | 2020 Kia Soul | $22,292 | $1,781 | $20,553 |
| 24 | 2018 FIAT 500L | $23,983 | $3,994 | $20,609 |
| 25 | 2019 Ford EcoSport | $25,442 | $5,294 | $20,949 |
| 26 | 2019 Mitsubishi Outlander Sport | $25,031 | $4,165 | $21,032 |
| 27 | 2018 Mitsubishi Eclipse Cross | $26,370 | $5,626 | $21,146 |
| 28 | 2019 Kia Soul | $25,672 | $2,202 | $21,271 |
| 29 | 2019 MINI Hardtop | $26,750 | $1,767 | $21,365 |
| 30 | 2020 Chevrolet Trax | $25,778 | $913 | $21,404 |
| 31 | 2019 smart EQ fortwo | $27,396 | $4,610 | $21,649 |
| 32 | 2019 Toyota Corolla Hatchback | $23,145 | $2,195 | $21,789 |
| 33 | 2019 Jeep Compass | $27,903 | $3,911 | $21,815 |
| 34 | 2020 Toyota Corolla | $23,405 | $2,305 | $21,953 |
| 35 | 2019 Mitsubishi Eclipse Cross | $26,726 | $3,837 | $22,099 |
| 36 | 2018 Toyota Prius c | $23,400 | $1,632 | $22,126 |
| 37 | 2019 Subaru Impreza | $22,829 | $1,473 | $22,173 |
| 38 | 2019 Chevrolet Cruze | $23,608 | $3,019 | $22,197 |
| 39 | 2018 Mazda Mazda3 | $22,322 | $754 | $22,210 |
| 40 | 2019 Nissan Sentra | $22,648 | $3,017 | $22,285 |
| 41 | 2019 Hyundai Elantra | $22,166 | $2,990 | $22,306 |
| 42 | 2019 Jeep Renegade | $26,436 | $4,176 | $22,341 |
| 43 | 2019 Toyota C-HR | $24,628 | $2,007 | $22,465 |
| 44 | 2020 Hyundai Veloster | $24,523 | $1,481 | $22,568 |
| 45 | 2018 Honda Civic | $24,260 | $1,434 | $22,637 |
| 46 | 2018 Chevrolet Cruze | $23,538 | $2,133 | $22,639 |
| 47 | 2018 Mitsubishi Outlander | $29,913 | $4,748 | $22,706 |
| 48 | 2019 Nissan Rogue Sport | $26,567 | $4,178 | $22,758 |
| 49 | 2019 Ford Transit Connect Van | $26,868 | $3,779 | $22,994 |
| 50 | 2019 Honda Civic | $24,960 | $1,707 | $23,082 |
My Recommendation for Car Shoppers
TrueCar and Edmunds 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
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
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.
Latest Weekly Car Buying Tips
RSS Feed