Affordable Option #: The Toyota Corolla
Rounding out our list is the latest Toyota Corolla. This has long been a popular car, and the 2022 model makes it easy to see why. No matter where you drive, youre sure to get great gas mileage. It gets around 38 MPG for highway driving and 30 MPG for city driving. Plus, plenty of great features come standard, such as built-in WiFi and Apple CarPlay. Unfortunately, there isnt much room for cargo, but at an MSRP of $21,450, its a tough car to beat.
The Cheapest Cars To Insure In 2022
The Honda HR-V, Mazda CX-5 and Volkswagen Tiguan are the cheapest cars to insure, offering annual savings of more than $1,000 per year compared to the most expensive models.
Find Cheap Auto Insurance Quotes in Your Area
Minivans and small SUVs are, on average, the least expensive cars to insure when compared to other vehicles. Furthermore, large sedans have the most expensive car insurance across the industry.
Auto insurance costs are higher for certain vehicles for various reasons a car with high repair costs, a poor safety record or few anti-theft features will likely cost more to cover.
A Brand New Car For Less Per Month Than A Number Of Tv Subscriptions Yes It Can Be Done These Are Britain’s Cheapest New Cars
For similar money to an all-out TV package with entertainment and sports channels, you could drive away in a brand new car. You’ll need a pretty hefty deposit – a few thousand pounds in most cases – but a brand new car could be within reach, even if you’re on a budget of £100 to £200 per month on PCP finance.
Buying a new car can get pretty expensive very quickly, but you don’t have to spend big money to get a flashy car with all the kit. If you’re looking for basic, no-frills transport to get you from A to B, there are plenty of options that could cost you no more per month than the combined cost of a couple of takeaways every week. We’ve listed the cheapest 10 based on their official prices, but new car discounts can help to cut the cost even further. Opting for a finance deal, or even a 0% APR finance deal can make things even more affordable.
Brand new cars in this low-end price range normally require some sort of compromise – particularly when it comes to the size of the car and the amount of equipment on board. You’ll likely need to pay a bit more for things like air-conditioning, Bluetooth or even remote central locking in some cases, while smaller cars tend to be cheaper than larger alternatives.
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Why Does The Car You Drive Affect Your Insurance Rates
Insurers set their premiums based on the likelihood that a driver of a certain vehicle will file a claim, and the expected cost of a claim should it be involved in an accident.
If drivers of a particular type of car file claims at a higher rate even if they have a good driving record they will have to pay more.
This is why sports cars, which are more likely to be involved in accidents because of their high performance, often are expensive to insure.
Vehicles that cost more to repair or have high market values will also often have higher insurance rates. This is because insurance companies anticipate having to pay out more for any comprehensive and collision insurance claims, which cover the cost to repair or replace your vehicle, for high-cost cars. Because of this heightened risk for insurers, they increase premiums. This is also why car insurance rates may decrease as your car ages increasing the availability of replacement parts can make a repair cheaper.
However, sophisticated safety features such as early crash detection or advanced airbags may reduce your rates, as they may reduce the likelihood or severity of a crash, especially regarding injury. While vehicle damage claims are more common than bodily injury claims, the average payout for the latter is much higher.
Fully Electric Cars Vs Plug
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.
Next Steps
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.
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The 10 Most Affordable New Cars In Canada In 2022
Once again this year, Auto123 presents the most affordable cars in Canada in 2022.
Over the past few months, the cost of living has been a hot topic of conversation, and with reason. The record inflation caused by the Covid-19 pandemic and the shortage of countless goods has ensnared even the automotive sector.
However, there are still some bargains to be had on the new car market. The last time we compiled our top 10 most affordable vehicles list was in late 2020, just a few months after the pandemic began. A year later, inflation is taking its toll, and the order of this list has changed somewhat. A few models have disappeared since December 2020 as well.
But heres to looking forward! Make way for the most affordable new vehicles available in Canada in 2022. Note that there may be a few 2021 editions of models on our Top 10 list still in stock at some dealerships, which may represent good bargains in their own right.
Fuel Cost: Electric Cars Vs Gas Cars
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.
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Cheapest Cars To Insure Among Popular Models
While you might expect a cheaper car to have a lower insurance rate, thats not always the case. Car insurance rates vary, sometimes significantly, depending on the kind of vehicle you drive .
For each of the 25 bestselling vehicles NerdWallet looked at, we found the average insurance rate, the manufacturers suggested retail price and the insurance cost as a percentage of the MSRP.
Heres what it truly costs to insure the most popular cars in the country:
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» MORE:Compare car insurance rates
Read Our Most Recent Nissan Versa Review
The Nissan Versa is an extremely strong budget offering. First off, it’s one of the cheapest cars you can buy, third cheapest in the country. It makes 122 horsepower, which in a car this size keeps it perky enough in traffic, and it’s available with either a five-speed manual or CVT. The manual is a bit inefficient with a combined fuel economy of 30 mpg, but the CVT is good with 35 mpg. The Versa is impressively quiet and comfortable without diminishing handling capability too much. The exterior and interior styling are sharp and feel a bit more polished than other subcompacts. Every trim level comes in under $20,000, so you have room to add options. It’s only available as a sedan, though, and the nearest hatchback offering from Nissan, the Kicks, starts above $20,000.
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The Cheapest Car Type To Insure
Generally, one would think that large or fast cars would be the most expensive to insure. However, SUVs, small station wagons and minivans proved cheaper to insure on average than compact cars.
Below you can see which types of car are usually cheaper to insure:
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However, the two most expensive vehicles to insure were among the most expensive: the Tesla Model 3 and the Lexus RX.
Chevrolet Spark: Cheapest Price
With an MSRP of $14,595 including destination, the 2022 Spark remains the cheapest car you can buy in the United States. Sadly, that only gets you an entry-level model with a manual transmission. Configured with a CVT transmission, the MSRP increases to $15,695 before factoring in any dealer discounts or incentives.
When the Chevy Sonic was discontinued, the jump in price to the next car in the lineup increased significantly. For reference, 2022 Malibu pricing starts at $24,395, a difference of $9,800 compared to the cheapest Spark. Alternatively, you may want to consider a 2022 Chevrolet Trax crossover, which starts at $22,595.
This spring, inventory data indicated that the Chevy Spark was virtually sold-out, so you may want to consider one of the affordable cars below if you’re focused on a model with the lowest price. As we reported previously, the Chevy Spark will be discontinued this summer and production is due to end soon.
Explore Used Chevy Spark Listings
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We believe everyone should be able to make financial decisions with confidence. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free.
So how do we make money? Our partners compensate us. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.Here is a list of our partners.
Cheapest Brand New Cars
| Rank | |
|---|---|
| 2022 Mitsubishi Outlander SportSUV | ES 2.0 AWC |
| 2023 Buick Encore GXSUV | Preferred |
| 2022 Ram 1500 ClassicTruck | Express |
| 2022 Toyota Corolla CrossSUV | LE |
| 2023 Mitsubishi Eclipse CrossSUV | LE S-AWC |
| 2022 Buick Encore GXSUV | Select |
| 2022 Nissan Rogue SportSUV | SV |
| 2023 Hyundai Santa CruzTruck | SEL |
| 2022 Mazda MX-5 MiataConvertible | Club Manual |
| 2022 GMC Savana CargoVan | 2500 SWB |
| 2022 Ram ProMaster City WagonMinivan | Base |
| 2022 Ram ProMaster City Cargo Van | Tradesman |
| Local Deal |
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Not Looking To Splash The Cash And In Need Of A New Car Bargain Then Look No Further As We List The Cheapest Cars On Sale In The Uk Right Now
Once, not too long ago, if you were looking to buy one of the cheapest cars in the UK, there was an underlying sense of you get what you pay for. These cars may have looked like a great deal but the cost-cutting was obvious, to say the least. However, times have changed, and you can now look at these motoring bargains using both your head and heart.
Sadly, as with many things, the cost of buying a new car has increased over time. The cheapest new cars today begin at around the £11,500 mark, so if youve got a tighter budget than this, you may be better off looking for a used car.
Of course, if your negotiation skills are top-tier you may be able to haggle this price down further. What you should remember, though, is that cars in this price bracket should come with a different set of expectations. Theyll get you from A to B for sure, but will they be as economical, practical, or well-built as something that costs a few grand more? Theres no guarantee.
So, weve gauged the enduring appeal of the cheap car, now lets get down to business. What are the cheapest new cars currently on sale in the UK?
Affordable Option #: The 2022 Nissan Versa S
Yet another Nissan makes its way onto this list. Coming in at $17,625, the Nissan Versa S is smooth, stylish, and loaded with excellent features. Sit back and enjoy the ride with built-in cruise control, a 7-inch touchscreen display, Siri Eyes Free technology, and Bluetooth streaming audio. Theres also room for up to five, so you can bring your friends and family along for the fun.
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Top 100 Cheapest New Cars
For those of you who want the dependability and warranty a new car can provide, but need something super affordable, I’ve compiled the top 100 most affordable new cars available right now, broken down by trim level.
If you intend to keep your new vehicle for a long time , 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 other sources, I sort my list by Average Selling Price, not MSRP, because this is more accurate, plus it factors in the different discounts or premiums you will pay for different models. Most other sources list these vehicles incorrectly because they focus on MSRP, not REAL prices you can expect to pay.
Also note that the cheapest cars are generally those with Manual transmissions. Most people don’t want these, and they’re usually hard to find in stock anyway. I highlighted the ones with Manual transmission in red color.
The good news is these deals should all be readily available on TrueCar No Haggle and CarsDirect
Affordable Option #: The 2022 Chevrolet Spark Ls
2022 has brought a lot of nice affordable cars. However, the Chevrolet Spark LS is definitely one of the nicest. Its priced at a low $15,695. Even better, it can help you save a lot of money on gas. It gets a combined 33 miles per gallon on average, which means youll have to fuel up a lot less often. It also has an impressive amount of technology for the price. Drivers will enjoy:
- Bluetooth streaming audio
- Smartphone connectivity
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Why It Stands Out: Very Cheap Very Efficientcould Be Better: Terribly Slow Unpleasant To Drive
With an asking price of $17,290, the 2023 Mitsubishi Mirage hatchback is the cheapest new car we know for sure is returning for 2023. Keen cheap-car observers will note that this price is quite a bit higher than the $15,690 of the 2022 Mirage hatchback, which is because the previously standard five-speed manual has been supplanted by a now-standard continuously variable automatic.
The Mitsubishi Mirage G4 sedan is slightly more expensive than its hatchback sibling with a starting price of $18,290, similarly now equipped solely with an automatic transmission.
Fuel economy from the Mirage is quite good, earning up to 39 miles per gallon combined depending on trim. Unfortunately, the Mirage is painfully slow, as it only makes 76 horsepower. It doesn’t make up for it with handling, which is sloppy and disconnected. We would not recommend this car.
As we mentioned earlier, we dont have standard asking prices for the 2023 Kia Rio or Nissan Versa, but we expect them to carry price tags not far off from the 2022 editions. The 2022 Kia Rio started at $17,545 in sedan form or $18,485 in Rio 5-Door hatchback form. The Nissan Versa S still has a five-speed manual in 2022, and assuming that sticks around in 2023, the Versa should cost somewhere around the 2022s $16,675 base price and officially be the cheapest new vehicle available in the United States.
Insurance Rates By Car Model
It might not be surprising that the Subaru Outback and Honda CR-V are among the cheapest models to insure. After all, both vehicles are top safety picks, according to the Insurance Institute for Highway Safety.
Still, no one factor determines your car insurance rate. For example, although the Honda Accord and Honda Civic also received top safety marks from the IIHS, they were among the most stolen cars in the country in 2020, according to the National Insurance Crime Bureau. This is likely why these cars arent on the top of our list.
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