It’s no secret that the average price of new cars has skyrocketed over the past year. According to Car and Driver, the average cost of a new car last summer was $40,000, but that figure has risen to $47,000 by the end of 2021. Of course, inventory shortages nationwide and dealer market tweaks haven’t helped, but the good news is that there are still some cheap new cars out there. If you manage to pay just the sticker price for these next seven cars, your bank account will breathe a huge sigh of relief.
The Kia Soul is an affordable box on wheels – $20,505
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The 2022 Kia Soul may be a box on wheels, but that boxy shape equals more interior space. Despite its compact size, the Soul offers enough space for up to five adults with extra headroom in addition to ample cargo space. Under its hood is a 147 horsepower four-cylinder engine that is mated to a CVT and can achieve up to 27 mpg estimated by the EPA in mixed driving conditions. Best of all, this generous amount of space and efficiency comes at a low price.
The Kia Forte is a mileage champ – $20,115
Want a compact sedan that requires fewer trips to the gas station? If yes, the 2022 Kia Forte is an excellent choice. The Forte not only offers ample room for up to five adults, it can also achieve up to 41 mpg estimated by the EPA on the highway, which can be useful for long road trips and daily commutes. .
Subaru Impreza offers all-wheel drive capability – $19,790
The 2022 Subaru Impreza is the most affordable all-wheel-drive sedan on the market today. For that sub-$20,000 price tag, you not only get its unrivaled capability, but you also get a 152 horsepower flat-four engine that still comes with a manual transmission. It only has five speeds, down from six, but we’ll forgive Subaru for that.
The Hyundai Accent is more than just a rental car – $17,690
We’ll admit we’ve probably seen more Hyundai Accents in a rental fleet than on public roads, but that doesn’t make it any less of a car. This Accent can handle up to 39 mpg estimated by the EPA on its 120 hp engine and it’s also backed by one of the best warranties in the business. That 10-year/100,000-mile powertrain warranty alone guarantees that you won’t need a rental car anytime soon – ironic as that sounds.
The Nissan Versa is one of the most affordable compact sedans – $16,205
The Nissan Versa is a well-equipped compact sedan that includes a host of standard safety features, an easy-going interior and good fuel economy. Its 122 hp engine comes standard with a manual transmission which is good for an EPA estimated 35 mpg on the highway, however, if you opt for the CVT then that number jumps to 40. Whatever it is on its own, the Versa presents an excellent value proposition given its seriously low price.
The Mitsubishi Mirage is almost the cheapest new car you can buy – $16,125
If you need a set of wheels that can get you where you need to go without being in too much of a rush, then the 2022 Mitsubishi Mirage is here for you. The Mirage is almost the cheapest car on this list, but that’s not its only claim to fame. Under its hood is a 78bhp three-cylinder engine that can take the car from 0-62mph in a lagging 12.8 seconds, according to Car and Driver test. In this case, the Mirage is also the slowest car on this list.
The Chevrolet Spark is still the cheapest car you can buy (for now) – $14,595
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If you’re looking for the cheapest new car you can buy, the 2022 Chevrolet Spark is the one for you — right now. The Spark is going for 2023, but you can still enjoy all it has to offer. Its best attributes include a 98-hp engine that can achieve up to 38 mpg estimated by the EPA on the highway and an inexpensive-to-fill nine-gallon gas tank. Don’t expect too much from other advanced security features, as you’ll have to pay over $14,595 entry price for those.
The cheapest new cars in 2022
These are the cheapest new cars you can currently buy in 2022. And while they all bring their own unique attributes to the table, it’s safe to say that you really can’t go wrong choosing one of them. between them – especially if energy efficiency and cost savings is what you are looking for.
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