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With the average new car price reaching north of $30,000, Americans are looking for the best possible deals on vehicles that they can trust. Here are several of the lowest priced new vehicles with a few details about each.

Nissan Versa

The Nissan Versa has been the least expensive car in the North American market for the past few years. The Versa offers air conditioning, a CD stereo, and fuel economy…27 mpg city/36 mpg highway for the manual transmission. The base model comes in at $12,800 for the sedan with a manual tranny. You canĀ  upgrade to an automatic for an additional $1,000.

Chevrolet Spark LS

The entry level Spark LS is a two-door hatchback that features air conditioning, hill start assist, power windows, and aluminum wheels. The 1.2L engine and manual transmission combo delivers fuel economy of 31 mpg city/39 mpg highway. All of this will only set you back $12,995.

Mitsubishi Mirage

The 2014 Mirage comes in at $13,790 for the four-door hatchback with the base transmission. You will have only a few creature comforts for that price, but you will see some nice mileage. Fuel economy hits 34 mpg city/42 mpg highway with the entry level tranny, but you can see 37 mpg city/44 mpg highway if you spend an extra grand for an upgraded tranny.

Kia Rio5 LX

The base Kia Rio5 LX will run you around $14,600. That is $200 more than the base Rio, but you gain enough elbow room to justify the additional money. The Rio also marks a shift(on this list anyway) from 3-cylinder engines to more powerful four-cylinders. You will see a drop in fuel economy as a result. The 1.6L, 138 hp engine in the Rio5 offers 29 mpg city/37 mpg highway when paired with the standard manual transmission.

Ford Fiesta S

Ford has been offering affordable vehicles for decades. The Maverick and Escort come to mind. In that tradition of fuel economy and frugality, the Fiesta S features a 1.6L 4 banger that offers up 27 mpg city/38 mpg highway when mated to a 5-speed manual transmission. Not bad fuel economy for a car that hits your wallet at $14,795.

Kia Soul

Personally, I am a big fan of the boxy Kia Soul and its even boxier competitor the Nissan Cube. Of the two, the Soul is the more affordable. Since they offer similar trim options and fuel economy, the Soul wins the head-to-head competition by being less expensive by $2,000. The Soul features a 1.6L engine that produces 130 hp and fuel economy ratings of 24 mpg city/30 mpg highway. Those are pretty good stats for a vehicle that only sets you back to the tune of $15,495.

There are a few vehicles with sticker prices that might fall in between those on the list here. The Smart Fortwo is one of them. The Fortwo was skipped because its fuel economy and ride are lacking to say the least. The Toyota Yaris is another that missed the list, mainly because it can make you feel as if you are in a small box and suffocating for lack of room. Sometimes, you just have to drop a little extra coin to get the best car possible.

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About the author: Jerry Coffey


Jerry Coffey is the financial expert here at A recovered "debtaholic," he now preaches frugal-living and sound money management here and at, where he is the chief contributor. He works for a major automaker.


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