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Manufacturers like Toyota, Nissan, and Hyundai still make up the bulk of brands that offer the most affordable cars on the market, but there are a few surprises. There's a pint-sized pickup truck, a few SUVs, and even some hybrids in the top 20.

cheap new cars

The Corolla remains one of the most affordable cars in the class for 2023 with a starting price of $22,645. Standard equipment on the base LE model includes things like a 169-horsepower four-cylinder engine, an 8.0-inch touchscreen display with Apple CarPlay, and Toyota Safety Sense 3.0.

More affordable than the Kicks and Soul, the Hyundai Venue is the cheapest SUV in the US. The base SE model starts at just $20,795 in the US for 2023 and includes standard automatic emergency braking, an 8.0-inch touchscreen, and a 121-horsepower engine with up to 31 miles per gallon combined.

The Nissan Versa is the cheapest car and costs $16,755 with destination included. The next cheapest cars are the Mitsubishi Mirage ($17,290), the Kia Rio ($17,875), and the Mitsubishi Mirage G4 sedan ($18,290).

The Mitsubishi Mirage hatchback and Mirage G4 sedan ($15,645) are good options for drivers looking for a cheap and efficient car. The frugal 3-cylinder engine gets up to 39 combined mpg making it one of the most efficient non-hybrid cars. The hatchback has a pretty big cargo area, adding to its practicality. See Mitsubishi Mirage models for sale near you

You can't have a list of great affordable cars without mentioning the Toyota Camry, bastion of the midsize sedan segment. Sure, most people talk about the Toyota Camry like they talk about a package of envelopes they bought at Staples, but that's for good reason: For decades, the Camry has stood as good, reliable, affordable transportation for families of all shapes and sizes.

The Veloster N gets its motive force from a 2.0-liter turbocharged I4 producing 250 hp (270 hp with the optional Performance Package) and 260 lb-ft. A six-speed manual is standard, but new for 2021 is an eight-speed dual-clutch automatic that can provide the same hilariously fun backroad experience for folks who don't want to row their own. It is so much fun to drive, and like every other new Hyundai, the Veloster N is packed with all manner of safety and creature-comfort tech. Load the thing up to the gills and you still won't hit the $40,000 mark, which gives it some powerful value among similarly powered performance cars.

Available on higher trims, the CX-5's optional 2.5-liter turbocharged I4 produces a solid 250 hp and 320 lb-ft, the latter of which makes for some very exciting starts and on-ramp antics. A solid body and properly damped suspension allow you to have a surprising amount of fun in corners, and in the right spec, its interior trimmings put some actual luxury cars to shame in terms of both materials and styling.

Believe it or not, we drove them! Everyone at Roadshow is constantly evaluating new vehicles in all types of situations, whether it's hauling mulch or just getting the family from Point A to Point B. Our vast library of published reviews allows us to look at every car in context and determine what makes a properly good vehicle. The names you see on this list represent some of our favorite affordable cars from all corners of the auto industry -- except the super expensive ones, naturally.

Don't forget, though: Your mileage may vary, and not just literally. Everybody's needs are different, and what's good for one goose may not be for the gander. We're flattered if you want to take this list as canon, but we implore you to get out there and actually take a spin in these cars, and others, to get a feel for what you, dear reader, truly want in a vehicle.

On the low end of the spectrum, you have cars like the Nissan Leaf and Chevrolet Bolt, which start under $30,000 but can end up well above that with options. On the high end, you'll see a wider range of prices, starting in the $40,000s for a Tesla Model 3 and shooting past $170,000 for an ultra-luxury Lucid Air. Most EVs fall somewhere in between these extremes. If you're looking for a general number, the average transaction price of a new electric vehicle was $59,739 in January 2023, according to Edmunds data. Notably, these prices do not take federal EV tax credits into account. These credits can provide savings of up to $7,500. Take a look at the article linked above for all the details.

Comparing the costs of electricity required to run an electric car versus the costs of gasoline to power a regular car is still an arcane science with many variables. Charging at home overnight, for example, allows you to charge at off-peak hours, reducing your costs. If you charge during the day, you'll see those rates jump. If you often charge at work or an outside charging station, you'll need an account with one of the growing numbers of electricity providers. Generally speaking, electricity costs less than gasoline and its pricing is more stable. But there's a learning curve to understanding when it's cheapest to tap into the grid to top up your EV.

Electric cars are just that: cars powered solely by electricity stored in a battery pack. Plug-in hybrids, on the other hand, use a regular gasoline engine paired with a battery pack and electric motor. The battery pack can be recharged from an electrical outlet or charging station, but it can also store energy recaptured during braking. Usually the battery pack on a plug-in runs out of electricity within 20-40 miles, at which point the gas engine takes over, so you never need to worry about running out of juice. Full EVs require more thought, route planning, and an evolving knowledge of the location of charging stations. (Most onboard navigation systems can help locate stations and eliminate the guesswork in unfamiliar areas.)

For many buyers, an electric car makes perfect sense. Even drivers with average commutes can often make it through a full workweek on a single charge. Electric cars offer a clean commuting alternative and are usually eligible to use HOV lanes with a single driver. And today's electric cars range from mainstream compact picks to vehicles with luxury-grade sport and comfort, so there's something for every budget. For drivers not quite ready to take the all-electric plunge, plug-in hybrids are an excellent alternative. When you're ready to explore the world of plug-in and electric cars, Edmunds can help you research EVs and find a great deal in your area.

New cars don't always have to come expensive or break the bank. After all, not everyone can afford a brand-new, pricey sports car or luxury sedan. Plus, there is a huge segment of customers in the market that simply want cars that take them from point A to B with as little hassle as possible. There are plenty of people who aren't quite keen on buying used cars, and that is also understandable. However, bringing home a new car straight from the dealership is often an expensive venture.

Nonetheless, many manufacturers today offer quite affordable cars, which prove to be a lot more reasonably-priced than some others in the market today. A lot of these cars, especially with their base trims, manage to undercut most others. Of course, the affordability does come at the cost of features, comforts, and luxuries on the inside, but when it comes to affordability, a few luxuries being absent isn't a deal-breaker at all. In that vein, here are 10 of the cheapest new cars you can bring home in 2023.

Undoubtedly one of the best cars on the market in 2023 with a budget-friendly price tag, the 2023 Hyundai Elantra delivers great value with a refined and polished driving experience. The base SE trim, which retails at $20,500, comes surprisingly loaded, with a 147-horsepower engine which returns up to 42 MPG on the highway and 33 MPG in the city.

Despite being the base model, the SE trim offers wireless Android Auto and Apple CarPlay, along with driver-assistance and safety tech like Forward Collision-Avoidance Assist and Blind-Spot Collision-Avoidance Assist. There's also an 8-inch color-touchscreen infotainment screen, making the Hyundai Elantra one of the best quality cars while also being one of the cheapest.

Kia begins selling the 2023 Soul crossover's base LX trim at $19,890, and boy have they packed it with features. One of the best cars when you consider features-per-dollar, the 2023 Kia Soul LX comes with an 8-inch touchscreen display, remote keyless entry with vehicle immobilizer, a rearview monitor, and it also supports both Android Auto and Apple CarPlay.

With fantastic fuel economy, a comfortable ride, and a $16,000 price tag, the 2023 Kia Rio is, hands down, one of the best affordable subcompact cars on the market today. The 120-horsepower engine on the 2023 Rio returns up to 41 MPG on the highway, but the car is certainly not without its sacrifices.

The 2023 Mitsubishi Mirage is one of the cheapest new cars in 2023, but it is not without its flaws, even for its price. For starters, the engine doesn't even make 80 horsepower, let alone 100. Plus, it's rather noisy, and Mitsubishi's cost-cutting in the Mirage shows in every corner, outside and inside.

The cheapest, most affordable new car in the United States in 2023, the Nissan Versa is actually a pretty damn impressive package. A comfortable ride, solid fuel economy, and a peppy 122-hp engine come together to make the Versa an impressive offer, especially considering you get all of that for just $15,730.

The cheapest car in the USA right now, the 2023 Nissan Versa offers a spacious five-seat cabin which isn't all that fancy, but definitely comfortable. Ride quality remains agreeable on the Versa, too. Even though there aren't any new cars under $15,000 today, there are plenty of brand-new cars you can bring home for just a little over that amount, and those options are far from unimpressive.

Still, it's the cheapest new car you can buy today. But you can get something better for only a little more. So, for those folks who just can't bring themselves to buy a used car -- although, really, you should get over that -- here are the cheapest new cars you can buy today. 041b061a72