Subcompact and compact car models are the cheapest new cars. This class of cars is gaining in popularity as gas prices rise and economics are challenging. Many 2011 subcompact models get above 35-mpg highway gas mileage, cost under $15,000 brand new, and have improved quality, making them an attractive option.
Below we have compiled a list of the ten cheapest 2011 cars, based on manufacturers' suggested retail prices (MSRP). These are the base models and do not include destination charges, added options, sales taxes, dealer markups, or other costs. All the models on the list below are subcompact or compact models with MSRPs below $15,000:
1. Hyundai Accent GL 3-door, $9,985
2. Nissan Versa, $9,995
3. Chevrolet Aveo LS 4-door sedan, $11,965
4. Chevrolet Aveo5, $12,115
5. Kia Rio, $12,295
6. Toyota Yaris Liftback 3-door MT, $12,955
7. Kia Soul, $13,300
8. Ford Fiesta S, $13,320
9. Mazda Mazda2 Sport, $14,180
10. Hyundai Elantra GLS M/T, $14,830
All of the cars above come standard with a five-speed manual transmission. It should be noted that the Kia Rio5, which just missed the list having an MSRP of $15,095 comes standard with an automatic transmission (4-speed). Automatic transmission typically cost at least $1,000 more than manuals.
Other cars just missing the top ten cheapest new cars list just missing this top ten cheapest 2011 cars was the the Scion xD with an MSRP of $15,045 and the Honda Fit with an MSRP of $15,100. However, the Fit seems to perennially be a top subcompact car pick.
Buyers should consider a host of factors besides price when making a new vehicle purchase. Maintenance costs, insurance costs, and resale values are also important factors in determining the true value of a vehicle purchase. Just because a car is cheaper than another, does not mean it is a better deal. For example, even though the Kia Rio has a MSRP $660 lower than the Yaris Liftback, the owner of the Rio may end up spending more for their vehicle in the long run.
Design, interior quality, interior passenger space and cargo room are all typically important factors when buying a new car. For example, due to its design and despite being a subcompact, the Honda Fit has nearly as much total cargo room as some compact SUV models.
