New cars are no longer cheap and accessible to many residents, and increased petrol costs provide little relief. Car costs have also skyrocketed due to a perfect storm of supply issues and disruptions related to the pandemic, and it won’t be long before new cars under $20,000 are a thing of the past. However, several models are still worth considering if you want a lower starting price. However, look at the cheapest cars available in 2023, with costs ranging from $20,000 to around $13,000.
Despite the high prices of new cars, many low-cost solutions are still available. Manufacturers may take shortcuts to achieve such a low price, which is to be expected with inexpensive cars. These vehicles perform well and sometimes surprise us by exceeding our expectations.
10-Toyota Corolla 2022
The first car on our list is the 2022 Toyota Corolla, a stylish and economical small sedan that has won many hearts nationwide and is one of the best-selling cars in its class. The base version of the 2022 Toyota Corolla starts at $20,425, making it the cheapest Toyota available in 2022. The Toyota Corolla competes with cars like the Honda Civic, Mazda3, and Hyundai Elantra. The Corolla’s limited warranty covers three years/36,000 miles and includes free service for the first two years/25,000 miles.
The essential 2022 Corolla L features a 7.0-inch touchscreen with Apple CarPlay / Android Auto and Alexa compatibility as standard, as well as satellite radio and driver safety technologies such as lane keeping assist, adaptive cruise control, rearview camera, emergency braking, etc. The Toyota Corolla is available in nine colours: White, Celestite, Stripe, Cool Pearl, Ruby Flare Pearl, Black Sand Pearl, Brilliant Blue, and Classic Silver Metallic.
The 2022 Toyota Corolla L is powered by a 1.8-litre four-cylinder engine that generates 139 horsepower and 126 pound-feet of torque. The Toyota Corolla L can go from 0 to 60 mph in 8.2 seconds and has an EPA-estimated fuel economy rating of 33 mpg combined. While its quarter-mile performance may not impress buyers, its low maintenance cost, standard insurance, good fuel efficiency, and high resale value will undoubtedly save you money in the long run.
9-Volkswagen Jetta 2022
The 2022 Volkswagen Jetta is the next car on this list. It is a car with many attractive amenities, a large interior, and a more refined and sophisticated exterior than its Asian competitors. The entry-level Jetta S starts at $20,365 and competes with the Corolla, Honda Civic, Hyundai Elantra, and Kia Forte. The limited warranty covers the vehicle for four years/50,000 miles and includes two years of free service.
The 2022 VW Jetta features a larger, more powerful engine and a modestly revised exterior that includes 16-inch alloy wheels as standard. It has standard equipment such as an 8.0-inch digital instrument cluster and driver assistance technologies such as autonomous emergency braking, a rearview camera, and blind spot monitoring. Available in Platinum Gray Metallic, Pyrite Silver Metallic, Blue Metallic, Jet Black Pearl, and Pure White for the 2022 Volkswagen Jetta.
The 2022 Volkswagen Jetta S is powered by a turbocharged four-cylinder engine, making 158 horsepower and 184 pound-feet of torque. The car can go from 0 to 60 mph in 7.1 seconds and complete the quarter mile in 15.5 seconds. The VW Jetta S offers an EPA-estimated combined fuel efficiency rating of 34 mpg and good acceleration performance with German solid build quality, which are some of Jetta’s primary selling qualities.
8-Nissan Sentra 2022
The 2022 Nissan Sentra is another attractive small sedan on our list of cheapest cars. The more expensive Altima significantly affects the Nissan Sentra. The Model S of the 2022 Sentra starts at $19,810 and competes with the Toyota Corolla, Honda Civic, and Hyundai Elantra. A three-year/36,000-mile limited warranty covers the 2022 Sentra, but no free maintenance program exists.
With many standard amenities and driver aids, the Sentra remains a beautiful alternative. The 2022 Nissan Sentra has earned an IIHS “Top Safety Pick” rating for 2022, indicating its safety capabilities. The Nissan Sentra is available in eight colours, including 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 colours.
The naturally aspirated four-cylinder engine in the 2022 Nissan Sentra S delivers 148 horsepower and 146 lb-ft of torque. The car can accelerate from 0 to 60 mph in 9.2 seconds and has a long quarter-mile range. According to the EPA, the Nissan Sentra S gets 29 mpg city and 39 mpg highway. The Sentra is an attractive alternative to budget car consumers because of its lower price, upgraded interior materials, and lower operating expenses.
7-Subaru Impreza 2022
The 2022 Subaru Impreza is next. It is available in sedan and hatchback body types. However, we’ll only discuss the sedan version of the 2022 Impreza since it’s the cheapest option to buy, starting at $19,295 for the manual gearbox variant. The Subaru Impreza competes with the Honda Civic, Toyota Corolla, and Kia Forte in the small sedan class. Subaru also offers a three-year/36,000-mile limited warranty.
Symmetrical All-Wheel Drive (AWD) is the defining feature of the 2022 Subaru Impreza across all trim levels. Other standard features on the base 2022 Impreza include a 6.5-inch touchscreen with Apple CarPlay and Android Auto. It also has a rearview camera, cruise control, and emergency braking.
Crystal Black, Magnetite Gray Metallic, Ocean Blue Pearl, Silver Metallic, Crystal White Metallic, Sapphire Blue Pearl, and Crimson Red are the seven colours for the 2022 Subaru Impreza. There are also two interior colour options: black and beige.
The 2.0-litre horizontal four-cylinder engine in the 2022 Subaru Impreza delivers 152 horsepower and 145 lb-ft of torque. The Impreza’s manual can complete 0-60 mph in 8.5 seconds, while the CVT automatic takes about half a second. The Subaru Impreza gets an EPA-estimated combined economy of 26 mpg, which is impressive considering the standard AWD powertrain, which offers plenty of benefits.
The 12 best cars, 6 of which are hybrids and 6 are electric, to buy in 2023
6-Hyundai Venue 2022
The Hyundai Venue is a compact SUV designed for urban commuting that is also affordable. The base price of the 2022 Hyundai Venue is $19,000. The Hyundai Venue competes with Nissan Kicks, Honda HR-V, and Ford EcoSport in the small SUV segment. Hyundai offers a 5-year/60,000-mile limited warranty on the 2022 Venue and a 3-year/36,000-mile free service.
The 2022 Hyundai Venue offers exceptional value for budget car customers at its current price. The interior quality seems to belong to a better class when compared to other vehicles in the class. The base 2022 Venue has an 8.0-inch infotainment touchscreen with Apple CarPlay and Android Auto connectivity.
Lane Keeping Assist, Driver Attention Warning, a rearview camera, and cruise control are all standard driving aids that add value to the compact SUV. Fire Red, Titan Grey, Denim Blue, Deep Forest, Arctic White, and Typhoon Silver colours are available for the 2022 Hyundai Venue.
The 2022 Hyundai Venue SE is powered by a 1.6-litre four-cylinder engine that generates 121 horsepower and 113 lb-ft of torque. The car does 0-60 mph in 8.5 seconds and the quarter mile in 16.7 seconds. According to the EPA, the Hyundai Venue SE gets 29 mpg city, 33 mpg highway, and 31 mpg combined.
5-Hyundai Accent 2022
The 2022 Hyundai Accent is Hyundai’s compact sedan and is less expensive than its competitors. The base price of the 2022 Hyundai Accent is $16,645, and it competes with the Mitsubishi Mirage G4 and Nissan Versa. For the 2022 Accent, Hyundai offers a 5-year/60,000-mile limited warranty and a 3-year/36,000-mile free maintenance package.
The 2022 Hyundai Accent is one of those cars that offers a well-balanced blend of performance, fuel economy, and high-end technology while remaining under $20,000. The entry-level SE has a 5.0-inch touchscreen with Bluetooth connectivity. Higher trim levels have a 7.0-inch touchscreen with Apple CarPlay and Android Auto.
It also has cruise control, a rearview camera, and an emergency brake assist. The 2022 Hyundai Accent is available in six colours: Olympus Silver, Absolute Black, Navy Blue, Forge Gray, Pomegranate Red, and Frost White Pearl.
The 2022 Hyundai Accent SE is powered by a 1.6-litre 4-cylinder engine that delivers 120 horsepower and 113 lb-ft of torque. This allows the Accent to accelerate from 0 to 60 mph in 7.5 seconds and complete the quarter mile in 16 seconds. The Hyundai Accent SE has an EPA-estimated combined fuel efficiency of 36 mpg, among the best in the industry.
4-2022 Kia Rio LX
The 2022 Kia Rio is next. It’s available in sedan and hatchback body styles, but we’ll only discuss the sedan version of the 2022 Rio because it’s the cheapest option to buy, with an MSRP of $16,450. The Kia Rio competes with the Toyota Corolla, Hyundai Accent, and Honda Civic. Kia offers a 5-year/60,000-mile limited warranty but no free maintenance program.
The 2022 Kia Rio LX trim level has standard equipment, such as an 8.0-inch touchscreen with wireless Android Auto and Apple CarPlay, a tilt steering wheel with mounted controls, and heated exterior mirrors. Safety features include six airbags, hill start assist control, TPMS, a rearview camera, and electronic stability control.
Pure White, Silk Silver, Currant Red, Silver Black, Sport Blue, and Steel Gray are the available colours for the 2022 Kia Rio.
The 2022 Kia Rio LX is powered by a naturally aspirated 1.6-litre 4-cylinder engine that develops 120 horsepower and 112 lb-ft of torque. Compared to segment standards, the Rio LX can go from 0 to 60 mph in 8.6 seconds. The Kia Rio LX gets an EPA-estimated city economy of 33 mpg city and highway mileage of 41 mpg, among the best in class.
3-Nissan Versa 2022
The 2022 Nissan Versa is one of the lowest-priced compact cars on the list, even though it looks more expensive than its competitors. Pricing for the 2022 Edition starts at $15,580, giving it excellent value for money. Nissan Versa competes with Hyundai Accent, Kia Rio, and Mitsubishi Mirage G4. The 2022 Versa comes with a three-year/36,000-mile Nissan limited warranty.
The 2022 Nissan Versa S’s lowest model features standard amenities such as a 7-inch touchscreen display, remote keyless entry, push-button start, a tilt and telescopic steering column, and automatic on/off headlights. Several safety features are standard, such as automatic emergency braking, high beam assist, and lane departure warning.
The eight colours are Scarlet Ember Tintcoat, Monarch Orange Metallic, Electric Blue Metallic, Super Black, Gun Metallic, Brilliant Silver Metallic, Aspen White TriCoat, and Fresh Powder, available for the 2022 Nissan Versa.
The 1.6-litre 4-cylinder engine in the 2022 Nissan Versa S generates 122 horsepower and 114 lb-ft of torque. The manual version of the car can go from 0 to 60 mph in 9.7 seconds, while the CVT automatic version takes 10.4 seconds. The Nissan Versa S delivers an EPA-estimated 30 mpg fuel efficiency, which, like acceleration performance, isn’t noteworthy.
2-Mitsubishi Mirage 2022
The 2022 Mitsubishi Mirage isn’t an attractive hatchback, but it topped our list of cheapest cars thanks to its low $14,645 price tag. The Mitsubishi Mirage competes with vehicles like the Chevrolet Spark and Kia Rio. Mitsubishi offers a 5-year/60,000-mile limited warranty and a 10-year/100,000-mile driveline warranty.
The 2022 Mitsubishi Mirage is the minimal facelift for the 2021 model. A passenger vanity mirror and welcome and departure lights are now standard on the ES-class in the 2022 Mirage. Additional amenities include cruise control, a rearview camera, and Android Auto/Apple CarPlay connectivity for the infotainment screen.
Mystic Black Metallic, Star Silver Metallic, Wine Red Metallic, White Diamond, Sapphire Blue Metallic, Infrared Metallic, Mercury Gray Metallic, and Sandy Yellow Metallic are the eight colours available for the 2022 Mitsubishi Mirage.
The 2022 Mitsubishi Mirage ES is powered by a 1.2L 3-cylinder naturally aspirated engine. It has 78 horsepower and 74 pound-feet of torque and can go from 0 to 60 mph in 10.6 seconds. According to the EPA, the Mitsubishi Mirage ES gets 33 mpg city and 41 mpg highway.
1-Chevrolet Spark 2022
The 2022 Chevrolet Spark is the last car on this list. It is now the cheapest car on the market in the United States. With a starting price of $13,600, it’s perfect for first-time budget car buyers. Several small hatchbacks compete with the Chevrolet Spark, such as the Kia Rio and Mitsubishi Mirage. Chevy offers a three-year/36,000-mile limited warranty on the 2022 Spark and one year/unlimited miles of free maintenance. The small hatchback’s trunk space is 27.2 cubic feet, with flat rear seats. The 2022 Spark LS is too basic for anyone, so opt for the 1LT, which costs $15,500.
The Chevy Spark is scheduled to be phased out after 2022, so this is your last chance to get your hands on one.
Silver Ice, Summit White, Mosaic Black, Crimson, Cayenne Orange, Red Hot, Blue Glow, Nitro Yellow, Nightfall Gray, and Mystic Blue colours are available for the 2022 Chevrolet Spark.
The 2022 Chevrolet Spark 1LT is powered by the same naturally aspirated 1.4-litre four-cylinder engine, making 98 horsepower and 94 pound-feet of torque. The 2022 Spark can accelerate from 0 to 60 mph in 10.8 seconds and has a fuel economy estimated by the EPA at 29 miles per gallon per city, 38 mpg per highway, and 33 mpg combined.
