Gone are the days of new cars costing less than $10,000. And because of how car prices have skyrocketed as a result of a perfect storm of supply problems and pandemic-related interruptions, it’s not too long before the days of the new car priced under $20,000 become a thing of the past. However, a few models still merit consideration if you're searching for a base price that's dirt cheap. That said, let's take a look at the cheapest cars you can buy in 2023, with prices ranging from just above $20,000 to around $13,000.

 

Despite the fact that the cost of new cars is increasing, there are still a number of affordable options out there. Something you would expect from cheap cars is that manufacturers might cut some corners to reach such a competitive price.


Read Ahead:

1. Chevrolet Spark
2. Mitsubishi Mirage
3. Nissan Versa
4. Kia Rio
5. Hyundai Accent
6. Hyundai Venue
7. Subaru Impreza
8. Nissan Sentra
9. Volkswagen Jetta
10. Toyota Corolla


That's not always the case, though, and several of the cars that we have mentioned on our list have a lot to offer in terms of appeal for a number of different reasons. Our list includes cars from well-known and dependable manufacturers such as Toyota, Volkswagen, Hyundai, and Chevrolet. So, without further ado, here is the list of the cheapest cars you can buy in 2023.


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10. 2022 Toyota Corolla

The first car on this list is the 2022 Toyota Corolla, which is a handsome and affordable compact sedan that has won many hearts across the country. The base version of the 2022 Toyota Corolla starts at an MSRP of $20,425, which makes it the cheapest Toyota you can buy in 2022. The Toyota Corolla competes against the likes of the Honda Civic, the Mazda 3, and the Hyundai Elantra.

Even the base trim of the 2022 Corolla offers multiple features like a 7.0-inch touchscreen display with Apple CarPlay, Android Auto, and Alexa compatibility as standard. 
The 2022 Toyota Corolla is offered in nine different colors: White, Celestite, Blueprint, Wind Chill Pearl, Ruby Flare Pearl, Black Sand Pearl, Blue Crush Metallic, Classic Silver Metallic  and multiple more dual-tone colors. The limited warranty covers the Corolla for 3 years or 36,000 miles.

2022 Toyota Corolla L

Specs 

Price 

$20,425 (starting MSRP)

Powertrain 1.8-liter Inline-four 
Horsepower 139 HP
Torque 126 lb-ft

Transmission

CVT
Fuel Economy-
city/highway/combined
30 / 38 / 33 MPG 
0-60 MPH 8.2 seconds

The 2022 Toyota Corolla L has a naturally aspirated 1.8-liter 4-cylinder engine that produces 139 HP and 126 lb-ft of torque. The car can go from 0-60 MPH in 8.2 seconds. The Toyota Corolla L has an EPA estimated mileage of 30 MPG in the city, 38 MPG on the highway, and 33 MPG combined.

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9. 2022 Volkswagen Jetta 

The next car on this list is the 2022 Volkswagen Jetta, which is a car that offers many desirable features and interior space, while the exterior design is more subtle in comparison to its Asian rivals. The S trim of the 2022 Volkswagen Jetta has an MSRP of $20,365 and competes against the likes of the Honda Civic, Hyundai Elantra, and Kia Forte.

The 2022 model of the Volkswagen Jetta has a new and more powerful engine, and the exterior design of the car was refreshed subtly as well. It comes with features like an 8.0-inch digital gauge cluster and driver assistance features like automated emergency braking and blind-spot monitoring as standard. 
The 2022 Volkswagen Jetta comes in 5 different colors: Platinum Gray Metallic, Pyrite Silver Metallic, Rising Blue Metallic, Deep Black Pearl, and Pure White. The limited warranty covers the vehicle for 4 years or 50,000 miles.

2022 Volkswagen Jetta S

Specs 

Price 

$20,365 (starting MSRP)
Powertrain 1.5-liter turbocharged Inline-four 
Horsepower 158 HP
Torque 184 lb-ft

Transmission

6-speed manual
Fuel Economy-
city/highway/combined
29 / 43 / 34 MPG 
0-60 MPH 7.7 seconds

The 2022 Volkswagen Jetta S is powered by a turbocharged 4-cylinder engine that produces 158 HP and 184 lb-ft of torque. The car can go from 0-60 MPH in 7.7 seconds. The Volkswagen Jetta S has an EPA estimated mileage of 29 MPG in the city, 43 MPG on the highway, and 34 MPG combined.

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8. 2022 Nissan Sentra

The 2022 Nissan Sentra is an attractive entry-level compact sedan in our list of cheapest cars. The S trim of the 2022 Sentra has a starting price of $19,810 and it faces competition from the likes of the Toyota Corolla, Honda Civic, and Hyundai Elantra.

The Nissan Sentra takes major design inspiration from the costlier Altima. The Sentra is still a very tempting option in this situation because of its abundance of standard amenities and driver aids. The 2022 Nissan Sentra won the 2022 Top Safety Pick award from IIH, hinting at its safety potential.
The Nissan Sentra is offered in eight different colors: Scarlet Ember Tintcoat, Rosewood Metallic, Electric Blue Metallic, Super Black, Gun Metallic, Brilliant Silver Metallic, Aspen White TriCoat, and Fresh Powder, as well as four dual-tone color options. The limited warranty covers the 2022 Sentra for 3 years or 36,000 miles.

2022 Nissan Sentra S

Specs 

Price 

$19,810 (starting MSRP)
Powertrain 2.0-liter Inline-four  
Horsepower 149 HP
Torque 146 lb-ft

Transmission

CVT
Fuel Economy-
city/highway/combined
29 / 39 / 33 MPG
0-60 MPH 9.2 seconds

The 2022 Nissan Sentra S is powered by a naturally aspirated 4-cylinder engine that produces 148 HP and 146 lb-ft of torque. The car can go from 0-60 MPH in 9.2 seconds. The Nissan Sentra S has an EPA estimated mileage of 29 MPG in the city, 39 MPG on the highway, and 33 MPG combined.

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7. 2022 Subaru Impreza

Up next is the 2022 Subaru Impreza. It is available both in sedan and hatchback body styles, but we are only going to mention the sedan version of the 2022 Impreza since it's the cheapest option to buy with an MSRP of $19,295. The Subaru Impreza competes against the likes of the Honda Civic, Toyota Corolla, and Kia Forte in the compact sedan segment.

The 2022 Subaru Impreza offers a symmetrical AWD drivetrain across all trim levels. Some other features that come as standard on the base version of the 2022 Impreza include a 6.5-inch infotainment touchscreen with support for Apple CarPlay and Android Auto.
The 2022 Subaru Impreza comes in 7 different colors: Crystal Black, Magnetite Gray Metallic, Ocean Blue Pearl, Ice Silver Metallic, Crystal White Metallic, Sapphire Blue Pearl, and Crimson Red Pearl. Additionally, Subaru offers a limited warranty for 3 years or 36,000 miles.

2022 Subaru Impreza

Specs 

Price 

$19,295 (starting MSRP)
Powertrain 2.0-liter Inline-four  
Horsepower 152 HP
Torque 145 lb-ft

Transmission

5-speed manual
Fuel Economy-
city/highway/combined
23 / 31 / 26 MPG
0-60 MPH 9 seconds

The 2022 Subaru Impreza is powered by a naturally aspirated 2.0-liter 4-cylinder engine that produces 152 HP and 145 lb-ft of torque. The car can go from 0-60 MPH in 9 seconds. The Subaru Impreza has an EPA estimated mileage of 23 MPG in the city, 31 MPG on the highway, and 26 MPG combined.

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6. 2022 Hyundai Venue

The Hyundai Venue is a small SUV from Hyundai for urban commutes and is affordable as well. The starting price of the 2022 Hyundai Venue is just $19,000. The Hyundai Venue faces competition from the likes of the Nissan Kicks, Honda HR-V, and Ford EcoSport.

At the cost that it is, 2022 Hyundai Venue provides excellent value. Compared to the other cars in the segment, the interior quality feels like it belongs in a higher segment. The base version of the 2022 Venue comes with features like an 8.0-inch infotainment touch screen with Apple CarPlay and Android Auto support.
The 2022 Hyundai Venue is offered in 6 different colors: Fiery Red, Titan Gray, Denim Blue, Deep Forest, Polar White, and Typhoon Silver. Hyundai offers a limited warranty of 5 years or 60,000 miles on the 2022 Venue.

2022 Hyundai Venue SE

Specs 

Price 

$19,000 (starting MSRP)
Powertrain 1.6-liter Inline-four 
Horsepower 121 HP
Torque 113 lb-ft

Transmission

CVT
Fuel Economy-
city/highway/combined
29 / 33 / 31 MPG
0-60 MPH 9.8 seconds

The 2022 Hyundai Venue SE is powered by a naturally aspirated 1.6-liter 4-cylinder engine that produces 121 HP and 113 lb-ft of torque. The car can go from 0-60 MPH in 9.8 seconds. The Hyundai Venue SE has an EPA estimated mileage of 29 MPG in the city, 33 MPG on the highway, and 31 MPG combined.

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5. 2022 Hyundai Accent 

The next car on this list is the 2022 Hyundai Accent, which is a subcompact sedan from Hyundai that is cheaper as compared to its rivals. The starting price of the 2022 Hyundai Accent is $16,645 and it competes against the likes of the Mitsubishi Mirage G4 and Nissan Versa.

The 2022 Hyundai Accent is one of the cars that offers a well-balanced mix of performance, fuel efficiency, and the most modern technology while still costing less than $20,000. The base SE trim comes with a 5.0-inch touchscreen display only with Bluetooth connectivity. The higher trims offer a 7.0-inch screen with Apple CarPlay and Android Auto. It also comes with a new anti-theft mobilizer as standard.
The 2022 Hyundai Accent comes in a total of 6 colors: Olympus Silver, Absolute Black, Admiral Blue, Forge Gray, Pomegranate Red, and Frost White Pearl. Hyundai offers a limited warranty of 5 years or 60,000 miles for the 2022 Accent.

2022 Hyundai Accent SE

Specs 

Price 

$16,645 (starting MSRP)
Powertrain 1.6-liter Inline-four 
Horsepower 120 HP
Torque 113 lb-ft

Transmission

CVT
Fuel Economy-
city/highway/combined
33 / 41 / 36 MPG
0-60 MPH 8.5 seconds

The 2022 Hyundai Accent SE is powered by a naturally aspirated 1.6-liter 4-cylinder engine that produces 120 HP and 113 lb-ft of torque. The car can go from 0-60 MPH in 8.5 seconds. The Hyundai Accent SE has an EPA estimated mileage of 33 MPG in the city, 41 MPG on the highway, and 36 MPG combined.

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4. 2022 Kia Rio

Up next is the 2022 Kia Rio. It is available both in sedan and hatchback body styles, but we are only going to mention the sedan version of the 2022 Rio since it's the cheapest option to buy, with an MSRP of $16,450. The Kia Rio faces competition from the likes of the Toyota Corolla, Hyundai Accent, and Honda Civic.

The LX trim of the 2022 Kia Rio comes with features like an 8.0-inch touchscreen display with wireless Android Auto and Apple CarPlay, a tilt steering wheel with mounted controls, and heated outside mirrors as standard. Some safety features include six airbags, hill-start assist control, TPMS, and electronic stability control.
The 2022 Kia Rio is offered in 6 different colors: Clear White, Silky Silver, Currant Red, Aurora Black, Sporty Blue, and Steel Gray. Kia offers a limited warranty of 5 years or 60,000 miles.

2022 Kia Rio LX

Specs 

Price 

$16,450 (starting MSRP)
Powertrain 1.6-liter Inline-four 
Horsepower 120 HP
Torque 112 lb-ft

Transmission

CVT
Fuel Economy-
city/highway/combined
33 / 41 / 37 MPG
0-60 MPH 8.2 seconds

The 2022 Kia Rio LX is powered by a naturally aspirated 1.6-liter 4-cylinder engine that produces 120 HP and 112 lb-ft of torque. The car can go from 0-60 MPH in 8.2 seconds. The Kia Rio LX has an EPA estimated mileage of 33 MPG in the city, 41 MPG on the highway, and 37 MPG combined.

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3. 2022 Nissan Versa

The 2022 Nissan Versa is one of the cheapest subcompact cars on the list and looks more expensive than its rivals. The starting price of the 2022 Versa is $15,180, making it a true value for money purchase. The Nissan Versa faces competition from the likes of the Hyundai Accent, the Kia Rio, and the Mitsubishi Mirage G4. 

The S trim of the 2022 Nissan Versa, which is the base version of the car, comes with features like 7-inch infotainment touchscreen display, 6-way adjustable driver’s seat, remote keyless entry, push-button start, tilt and telescopic steering column, and automatic on/off headlights as standard. Some safety features like auto emergency braking, high beam assist, lane departure warning are standard. 
The 2022 Nissan Versa comes in 8 different colors: Scarlet Ember Tintcoat, Monarch Orange Metallic, Electric Blue Metallic, Super Black, Gun Metallic, Brilliant Silver Metallic, Aspen White TriCoat, Fresh Powder. Nissan offers a limited warranty of 3 years or 36,000 miles on the 2022 Versa.

2022 Nissan Versa S

Specs 

Price 

$15,180 (starting MSRP)
Powertrain 1.6-liter Inline-four 
Horsepower 122 HP
Torque 114 lb-ft

Transmission

5-speed manual
Fuel Economy-
city/highway/combined
27 / 35 / 30 MPG
0-60 MPH 9.7 seconds

The 2022 Nissan Versa S is powered by a naturally aspirated 1.6-liter 4-cylinder engine that produces 122 HP and 114 lb-ft of torque. The car can go from 0-60 MPH in 9.7 seconds. The Nissan Versa S has an EPA estimated mileage of 27 MPG in the city, 35 MPG on the highway, and 30 MPG combined.

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2. 2022 Mitsubishi Mirage

The 2022 Mitsubishi Mirage is not an attractive hatchback in any way, but it made our list of cheapest cars, courtesy of its super-affordable price tag of just $14,645. The Mitsubishi Mirage competes against the likes of the Chevrolet Spark and the Kia Rio.

The 2022 version of the Mitsubishi Mirage is a very slightly refreshed version of the 2021 model. The ES trim of the 2022 Mirage now offers its passenger vanity mirror and welcome and departure lighting as standard.
The 2022 Mitsubishi Mirage is offered in eight different colors: Mystic Black Metallic, Starlight Silver Metallic, Wine Red Metallic, White Diamond, Sapphire Blue Metallic, Infrared Metallic, Mercury Gray Metallic, and Sand Yellow Metallic. Mitsubishi offers a limited warranty of 5 years or 60,000 miles.

2022 Mitsubishi Mirage ES

Specs 

Price 

$14,465 (starting MSRP)
Powertrain 1.2-liter Inline-four 
Horsepower 78 HP
Torque 74 lb-ft

Transmission

5-speed manual
Fuel Economy-
city/highway/combined
33 / 41 / 36 MPG
0-60 MPH 11.7 seconds

The 2022 Mitsubishi Mirage ES is powered by a naturally aspirated 1.2-liter 4-cylinder engine that produces 78 HP and 74 lb-ft of torque. The car can go from 0-60 MPH in 11.7 seconds. The Mitsubishi Mirage ES has an EPA estimated mileage of 33 MPG in the city, 41 MPG on the highway, and 36 MPG combined.

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1. 2022 Chevrolet Spark

The final car on this list is the 2022 Chevrolet Spark. It is the cheapest car which is currently on sale in the US., with a starting price of $13,600, making it ultra-affordable for first-time car buyers. The Chevrolet Spark faces stiff competition from the Kia Rio Hatchback and Mitsubishi Mirage. 

Unfortunately, the Chevrolet Spark will be discontinued after the 2022 model year. The small hatchback offers up to 27.2 cu ft of space with the rear seats folded flat. The 2022 Spark LS is just too basic for anyone and it is better to go for the 1LT trim. 
The 2022 Chevrolet Spark comes in 10 different colors: Silver Ice, Summit White, Mosaic Black, Crimson, Cayenne Orange, Red Hot, Blue Glow, Nitro Yellow, Nightfall Gray, and Mystic Blue. Chevrolet offers a limited warranty of three years or 36,000 miles for the 2022 Spark.

2022 Chevrolet Spark LS

Specs 

Price 

$13,600 (starting MSRP)
Powertrain 1.4-liter Inline-four 
Horsepower 98 HP
Torque 94 lb-ft

Transmission

5-speed manual
Fuel Economy-
city/highway/combined
29 / 38 / 33 MPG
0-60 MPH 10.7 seconds

The 2022 Chevrolet Spark LS is powered by a naturally aspirated 1.4-liter 4-cylinder engine that produces 98 HP and 94 lb-ft of torque. The car can go from 0-60 MPH in 10.7 seconds. The Chevrolet Spark LS has an EPA estimated mileage of 29 MPG in the city, 38 MPG on the highway, and 33 MPG combined.

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