Find the Best Car Deals Near You ⤵
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 CarsDirect to help get the lowest price possible.
Top 30 New Cars on Tight Budget
Vehicle | Monthly 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 Versa | N/A |
Signup for The Weekly Newsletter

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- 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 The Author

Latest Weekly Car Buying Tips
August 2025
- All SUV Lease Deals Compared August 2025 Aug 21, 2025
- New Cars with the Most Available Inventory Aug 21, 2025
- Cars With the Largest Rebates Aug 21, 2025
- Price Comparison of Subcompact SUVs Aug 21, 2025
- Top 100 Cheapest Lease Deals Aug 14, 2025
- Biggest Discounts on New Cars August 2025 Aug 14, 2025
- Top 100 Cheapest New Cars Right Now Aug 14, 2025
- Real Prices of New Compact SUVs Aug 14, 2025
- Best 0% Finance Deals August 2025 Aug 07, 2025
- Best Bang for Your Buck Lease Deals Aug 07, 2025
- Best Electric, Hybrid Lease Deals Aug 07, 2025
- Real Prices of Compact Cars Aug 07, 2025
July 2025
- Best Car Deals Around the Country Jul 31, 2025
- Real Prices of Midsize SUVs Jul 31, 2025
- Which Cars Better to Lease or Buy Jul 31, 2025
- Largest Hidden Dealer Rebates Jul 31, 2025
- Best Car Deals by Category Jul 24, 2025
- Worst Cars to Lease Right Now Jul 24, 2025
- Real Prices of Midsize Cars Jul 24, 2025
- Real Prices of Large SUVs Jul 17, 2025
- Cheapest Luxury Lease Deals Jul 17, 2025
- Real Prices of Pickup Trucks Jul 10, 2025
- Best Car Deals for 4th of July 2025 Jul 03, 2025
I welcome your car buying questions. Email Me and I'll be glad to answer them!