What’s the Cheapest Good Car You Can Buy Right Now?

In the U.S., the cheapest genuinely good new car you can buy is typically the Nissan Versa S (manual), with an MSRP around $16,300–$16,600 before destination and fees; it offers essential safety tech, acceptable performance, and low running costs. Close behind is the Mitsubishi Mirage hatchback (about $16,700 MSRP), which is slower but extremely fuel-efficient and backed by a long warranty. In other markets, look to the Dacia Sandero (UK/EU) and budget Maruti Suzuki or Tata models (India). Below, we explain how we defined “good,” compare the top picks, and highlight smart alternatives if you can spend a little more or shop used.

How we defined “cheap” and “good”

“Cheapest” alone can lead to false economy if the car is unsafe, unreliable, or costly to maintain. We used criteria that balance a rock-bottom purchase price with everyday livability and long-term value.

• Safety: Availability of modern driver-assistance (especially automatic emergency braking) and solid crash-test performance for the class.
• Reliability and warranty: Proven powertrains and warranties that reduce ownership risk.
• Operating costs: Fuel economy, insurance, and maintenance costs that stay low over time.
• Basic comfort and tech: Usable infotainment, air conditioning, and enough space for daily use.
• Price transparency: A base MSRP that is widely available, noting destination charges and typical dealer markups.

Using these factors helps separate mere “cheapest” from “cheapest good,” so you spend less now without paying more later.

Best new-car pick in the U.S.

Nissan Versa S (manual)

As of the 2024 model year, the Nissan Versa S with the 5-speed manual is typically the lowest-MSRP new car sold in America, listing around $16,300–$16,600 before destination (usually a bit over $1,000) and local fees. The optional CVT automatic adds cost but improves fuel economy.

Why it’s good: the Versa delivers core safety features such as automatic emergency braking and lane-departure warning on the base trim, straightforward controls, a comfortable ride for the class, and strong value on higher trims (SV adds more tech). The 1.6‑liter four-cylinder is modest but adequate; expect roughly 27/35/30 mpg (manual) or about 32/40/35 mpg (CVT), depending on EPA cycle and equipment. Warranty coverage is 3 years/36,000 miles basic and 5 years/60,000 miles powertrain.

Pricing notes: MSRPs exclude destination, taxes, and dealer fees. Availability of the base manual can vary by region, and some dealers stock mostly CVT models.

Runner-up: Mitsubishi Mirage (hatchback) and Mirage G4 (sedan)

The 2024 Mitsubishi Mirage ES hatchback starts around $16,700 MSRP, with the Mirage G4 sedan higher. Its 1.2‑liter three-cylinder and CVT focus on economy over speed; EPA ratings around 36/43/39 mpg (city/highway/combined) make it one of the most fuel-efficient non-hybrids. Mitsubishi’s warranty is a standout: 5 years/60,000 miles basic and 10 years/100,000 miles powertrain for the first owner. The trade-offs are slower acceleration, more cabin noise, and a simpler interior. Mitsubishi has signaled the Mirage’s U.S. exit after the current generation, so shop inventory while it lasts.

If you can spend a bit more

For a few thousand dollars extra, you can move into larger, more refined compacts with stronger crash-test results, better tech, and higher resale value.

• Toyota Corolla: Often $22,000–$24,000, with Toyota Safety Sense standard and excellent reliability.
• Hyundai Elantra: Typically $22,000–$25,000, generous features and a long warranty.
• Kia Forte: Frequently priced in the low-$20Ks with strong value-per-dollar.
• Nissan Sentra: Roomier than the Versa; often mid-$20Ks with more comfort and tech.
• Subaru Impreza: Standard all-wheel drive; usually mid-$20Ks, great for bad-weather regions.

These models aren’t the absolute cheapest, but they can be the most cost-effective over several years thanks to safety, comfort, and resale strength.

Best cheap used-car values

If you’re flexible on model year and mileage, a used compact can be the most “good and cheap” route, often beating new-base-trim capability at a lower out-the-door price. Prioritize clean histories and pre-purchase inspections.

• Toyota Corolla (2014–2019): Bulletproof reputation, low upkeep; many under $12,000–$15,000 depending on mileage and region.
• Honda Civic (2014–2018): Engaging to drive, efficient; watch for service records on turbo models.
• Mazda3 (2015–2018): Upscale interior and handling; ensure rust checks in snowy regions.
• Toyota Prius (2012–2017): Exceptional fuel economy; budget for hybrid battery health checks.
• Hyundai Elantra (2017–2020) / Kia Forte (2017–2019): Strong value and features; look for remaining warranty on newer examples.
• Kia Soul (2016–2019): Boxy practicality, simple maintenance, often cheaper to insure.

For used cars, always get a pre-purchase inspection, review a vehicle history report, and test electronics, AC, and safety systems. A well-bought used car can save thousands versus new.

Outside the U.S.: cheapest “good” options by market

Prices and models vary widely by country. Here are common budget standouts to consider if you’re not shopping in the U.S.

• UK/EU: Dacia Sandero (often starting near £13,000 in the UK or €13,000–€14,000 in parts of the EU) is frequently the cheapest truly “good” new car, with modern safety options and efficient TCe petrol engines.
• India: Maruti Suzuki Alto K10 and Tata Tiago are strong budget picks, typically starting around ₹4–6 lakh (Alto K10) and ₹5.5–8.5 lakh (Tiago), with low running costs and widespread service networks.
• Australia: Entry-level city cars fluctuate; check current pricing on the Kia Picanto and MG 3, noting drive-away deals and recent price shifts on new generations.

Always verify local safety specs, as equipment can differ by market and trim. Insurance, taxes, and on-road costs also vary significantly.

How to actually pay the least

Whichever model you choose, buying tactics can lower your out-the-door price substantially.

1. Request itemized OTD quotes from multiple dealers and play them against each other.
2. Decline add-ons you don’t want (VIN etching, paint protection, nitrogen tires).
3. Consider the base manual if you’re comfortable driving stick; it’s often the lowest MSRP.
4. Shop month/quarter-end when dealers chase bonuses; factory incentives often refresh then.
5. Line up financing with a credit union beforehand to beat dealership rates.
6. Verify destination and doc fees in writing; ask to remove “market adjustments.”
7. If buying used, target one-owner, well-documented cars; Certified Pre-Owned can add warranty value.
8. Negotiate your trade-in separately to keep the pricing transparent.

A disciplined process can save hundreds to thousands, even on the cheapest cars.

Summary

In the U.S., the Nissan Versa S (manual) is generally the cheapest “good” new car, offering essential safety, acceptable comfort, and low running costs at roughly the mid‑$16K MSRP mark before fees; the Mitsubishi Mirage is a close alternative with stellar fuel economy and a long warranty. If you can stretch your budget, compacts like the Corolla or Elantra deliver better long-term value. For maximum savings, a carefully vetted used Corolla, Civic, or Mazda3 can be the smartest buy. Your best pick ultimately depends on local pricing, availability, and which blend of safety, efficiency, and comfort matters most to you.