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10 cheapest new cars for 2022

10 cheapest new cars for 2022

Last summer, the average price of a new car hit $40,000. By December, that number had swelled to $47,077 in the bank account. A perfect storm of pandemic-related supply shortages and disruptions left the industry reeling and sent prices soaring. With fewer cars for sale and no shortage of people willing to buy them, dealers stopped offering discounts and instead imposed large “market adjustment” fees or markups higher than a Ram 1500 TRX . Everything from the Nissan Frontier pickup to the Porsche Macan felt similar effects as their base MSRP prices saw a significant increase. And the 10 cheapest cars sold here are no longer in the sub-$20,000 bracket.

Worse still, this segment has also suffered some recent losses. Affordable favorites like the Honda Fit, Ford Fiesta, Toyota Yaris and Chevrolet Sonic have all ceased production. We pour them a small plastic cup. And then fill it out of frugality, because you need to save where you can. While these rides might not have everything you want, they have everything you need and for a price that many people can afford. And if you’re looking for something a little bigger, check out our list of the cheapest new trucks.

THE CHEAPEST LUXURY CARS | CHEAPEST PICKUP | THE MOST EXPENSIVE CARS

Nissan Sentra – $20,635

The Nissan Sentra won’t wow you with excitement, but it’s loaded with standard safety features. Under the hood is a 149 horsepower inline-four engine and a CVT. The last Sentra we tested sped to 60 mph in 8.9 seconds, a little faster than the others on this list. It’s not as fun to drive as the Honda Civic, but even the highest Sentra SR version starts under the Civic’s base price.

  • Base price: $20,635
  • Combined EPA/City/Highway Fuel Economy: 33/29/39 mpg
  • Warranty: 5-year/60,000-mile powertrain and 3-year/36,000-mile limited warranty

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Kia Soul – $20,505

The thrifty Kia Soul is the only entry on this list with not one but two 10Best awards. It’s got a small price tag, impressive cargo space, and its 147-hp inline-four with a continuously variable transmission (CVT) doesn’t feel underpowered.

  • Base price: $20,505
  • Combined EPA/City/Highway Fuel Economy: 2.0 L (27/25/31 mpg)
  • Warranty: 10-year/160,000 km powertrain and 5-year/100,000 km limited warranty

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Hyundai Venue – $20,245

The subcompact segment is stacked with inputs. Some of them are good, many induce sleep. The Hyundai Venue is at least affordable. Power comes from a 121 horsepower inline-four with a CVT. Fighting micro machines is futile, but the Venue is 1.1 seconds faster at 60 than the more expensive Nissan Kicks and 2.4 seconds quicker than the Toyota C-HR.

  • Base price: $20,245
  • Combined EPA/City/Highway Fuel Economy: 31/30/33 mpg
  • Warranty: 10 years/100,000 miles powertrain, 5 years/60,000 miles limited, 3 years/36,000 miles free maintenance

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Kia Forte – $20,115

The Kia Forte is the best-selling model of the Korean brand. The base engine is a buzzing 147-horsepower inline-four, and the Forte gets incredible gas mileage with an EPA-estimated 41 mpg on the highway. It also has a larger gas tank than the Honda Civic and Volkswagen Golf, giving the Forte an EPA-estimated 490 miles before returning to a gas station.

  • Base price: $20,115
  • Combined EPA/City/Highway Fuel Economy: 35/31/41 mpg
  • Warranty: 10-year/160,000 km powertrain and 5-year/100,000 km limited warranty

MORE SPECIFICATIONS STRONG

Subaru Impreza – $19,790

The Subaru Impreza is the most affordable all-wheel-drive vehicle available today. Power comes from a 152 horsepower flat-four with a five-speed manual transmission. Its lack of urgency brings better fuel efficiency with an EPA-estimated highway fuel economy of 31 mpg.

  • Base price: $19,790
  • Combined EPA/City/Highway Fuel Economy: 26/23/31 mpg (manual)
  • Warranty: 5-year/60,000-mile powertrain and 3-year/36,000-mile limited warranty

MORE IMPREZA SPECS

Hyundai Accent – ​​$17,690

You’ve probably rented one at an airport or sat in a Hyundai Accent on a recent Uber ride, but neither experience would convince you to buy one. A 120-horsepower four-cylinder and a CVT move the Accent, sort of. The last Accent we tested hit 100 km/h in 8.9 seconds, making it one of the slowest cars we’ve tested in 2021.

  • Base price: $17,690
  • Combined EPA/City/Highway Fuel Economy: 33/29/39 mpg
  • Warranty: 10 years/100,000 miles powertrain, 5 years/60,000 miles limited, 3 years/36,000 miles free maintenance

MORE ACCENT SPECS

Kia Rio – $17,275

Two body styles suit the Kia Rio. The sedan is $940 cheaper than the five-door hatch. A 120-horsepower inline-four with a CVT is the sole powertrain, and the Rio is driven solely by the front wheels. Its subcompact size makes it fun to ride with solid body control in turns, but its lackluster steering is an immediate reminder of affordability. Gas stations hate them, because the Rio gets an EPA-estimated 33 mpg city and 41 mpg highway.

  • Base price: $17,275
  • Combined EPA/City/Highway Fuel Economy: 36/33/41 mpg
  • Warranty: 10-year/160,000 km powertrain and 5-year/100,000 km limited warranty

MORE RIO SPECS

Nissan Versa – $16,205

The Nissan Versa comes with a host of standard safety features such as front and rear automated emergency braking, automatic high beams and lane departure warning. A 122-hp inline-four powers the front wheels, with a five-speed manual transmission standard on the base S model. If that makes you feel better, the folks who spend nearly $20,000 on a Versa SR or SV have just as much power, but with a boring CVT. However, the manual transmission is significantly worse for fuel economy, with an EPA-estimated 35 mpg highway versus the CVT’s 40 mpg.

  • Base price: $16,205
  • Combined EPA/City/Highway Fuel Economy: 30/27/35 mpg
  • Warranty: 5-year/60,000-mile powertrain and 3-year/36,000-mile limited warranty

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Mitsubishi Mirage – $16,125

The Mitsubishi Mirage is almost the cheapest new car in America. The Mirage hatchback and Mirage G4 sedan feature the same 78 horsepower three-cylinder engine. A five-speed manual transmission is standard. The last Mirage we tested used a CVT and took 12.8 seconds to hit 60 mph. To hit 90 mph, you’ll need to flatten the right pedal for 35.6 seconds. And it takes over a quarter mile for the Mirage to hit 75 mph. The savings, however, are immediate.

  • Base price: $16,125
  • Combined EPA/City/Highway Fuel Economy: 36/33/41 mpg
  • Warranty: 10 year/100,000 mile and 5 year/60,000 mile limited warranty

MORE MIRAGE SPECS

Chevrolet Spark – $14,595

Chevy is losing its Spark for 2023 as the model is discontinued with no direct replacement. The Spark, which has been America’s cheapest new car for 2020, is great value for money, though. Power comes from a tiny 98-hp inline-four, with a five-speed manual standard in its cheapest form. The Spark gets an EPA-estimated 38 mpg on the highway, and its nine-gallon fuel tank is cheap to fill. Unfortunately, the Spark is severely lacking in standard safety features. There’s no forward collision warning or automated emergency braking unless you pay extra. Cruise control is also extra.

  • Base price: $14,595
  • Combined EPA/City/Highway Fuel Economy: 33/29/38 mpg
  • Warranty: 5-year/60,000-mile powertrain, 3-year/36,000-mile limited and one free service visit the first year

MORE SPARK SPECS

The 10 cheapest new cars of 2021

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