Cheapest New Cars

Most Affordable Cars for 2020
April 8th, 2020

Cheapest Cars

The average transaction price of today's new car is about $37,000. That's a figure that will send many shoppers running for the used car lot. But while a used model may get you more features for your money, you can still find plenty of cheap, affordable new cars that hold appeal. That's especially true if your preferences are flexible and you can live without some creature comforts.

Here we've gathered today's most affordable cars in various segments, from hatchbacks to pickups to electric vehicles. Some will catch your eye with a rock-bottom starting price but provide dubious quality or questionable performance. If that's the case, don't worry — we'll warn you. Others have managed to score well in our comprehensive vehicle testing program despite their exceptional affordability. That's the combination you're looking for, and you've come to the right place to find it.

By the way, you'll see in our vehicle listings that we don't just leave it at the model's starting MSRP. Drawing on Edmunds' peerless automotive data, we also give you the average transaction price for that model, including all trim levels. Watch for cases where the average transaction price isn't much more than the starting price — that means you might be able to score some cool added features for only a little extra dough. Conversely, if there's a big gap, it could be difficult to find the price-leading base model on dealer lots.


Cheapest Cars

2020 Chevrolet Spark hatchback

Starting price (including destination):
$14,095
Average transaction price, including destination:
$16,096
Fuel economy:
33 mpg combined

2020 Mitsubishi Mirage hatchback

Starting price (including destination):
$14,790
Average transaction price, including destination:
$17,067
Fuel economy:
36-39 mpg combined

2020 Nissan Versa sedan

Starting price (including destination):
$15,625
Average transaction price, including destination:
$18,427
Fuel economy:
30-35 mpg combined

Cheapest SUVs

2020 Kia Soul

Starting price (including destination):
$17,485
Average transaction price, including destination:
$21,544
Fuel economy:
27-30 mpg combined

2020 Hyundai Santa Fe

Starting price (including destination):
$26,995
Average transaction price, including destination:
$32,463
Fuel economy:
23-25 mpg combined

2020 Chevrolet Traverse

Starting price (including destination):
$30,995
Average transaction price, including destination:
$39,220
Fuel economy:
21 mpg combined

Cheapest Electric Cars

2020 Nissan Leaf

Starting price (including destination fee):
$32,525
Average transaction price, including destination:
$39,387
EV range:
149-226 miles

2020 Hyundai Ioniq Electric

Starting price, including destination:
$34,000
Average transaction price, including destination:
$35,590
Fuel economy:
136 mpge combined

2020 Chevrolet Bolt EV

Starting price, including destination:
$37,495
Average transaction price, including destination:
$39,192
Fuel economy:
119 mpge combined

Cheapest Trucks

2020 Chevrolet Colorado

Starting price (including destination):
$22,395
Average transaction price, including destination:
$34,007
Fuel economy:
20-23 mpg combined

2020 Ford F-150

Starting price (including destination):
$30,340
Average transaction price, including destination:
$51,237
Fuel economy:
16-22 mpg combined

2020 Ram 2500

Starting price, including destination:
$35,440
Average transaction price, including destination:
$51,647
Fuel economy:
N/A

Cheapest Hybrid Cars

2020 Honda Insight

Starting price (including destination):
$23,885
Average transaction price, including destination:
$25,153
Fuel economy:
52 mpg combined

2020 Toyota Corolla Hybrid

Starting price (including destination):
$24,055
Average transaction price, including destination:
$23,212
Fuel economy:
52 mpg combined

2020 Hyundai Ioniq Hybrid

Starting price (including destination):
$24,155
Average transaction price, including destination:
$26,505
Fuel economy:
55 mpg combined

Cheapest Sedans

2020 Hyundai Accent

Starting price (including destination):
$16,250
Average transaction price, including destination:
$17,664
Fuel economy:
33-36 mpg combined

2020 Kia Forte

Starting price (including destination):
$18,855
Average transaction price, including destination:
$20,861
Fuel economy:
28-35 mpg combined

2020 Kia Optima LX

Starting price (including destination):
$24,355
Average transaction price, including destination:
$26,172
Fuel economy:
24-31 mpg combined

Cheapest Coupes

2020 Honda Civic

Starting price (including destination):
$21,905
Average transaction price, including destination:
Currently unavailable
Fuel economy:
30-35 mpg combined

2020 Chevrolet Camaro

Starting price, including destination:
$25,995
Average transaction price, including destination:
$38,947
Fuel economy:
16-25 mpg combined

2020 Ford Mustang

Starting price (including destination):
$27,865
Average transaction price, including destination:
$38,803
Fuel economy:
18-25 mpg combined

Cheapest Hatchbacks

2020 Hyundai Veloster

Starting price (including destination):
$19,795
Average transaction price, including destination:
$25,353
Fuel economy:
25-30 mpg combined

2020 Toyota Corolla Hatchback

Starting price (including destination):
$21,245
Average transaction price, including destination:
$23,822
Fuel economy:
31-35 mpg combined

2020 Chevrolet Sonic

Starting price (including destination):
$20,295
Average transaction price, including destination:
Currently unavailable
Fuel economy:
29-31 mpg combined

Cheapest AWD Cars

2020 Subaru Impreza

Starting price (including destination):
$19,595
Average transaction price, including destination:
$22,327
Fuel economy:
25-32 mpg combined

2020 Hyundai Kona

Starting price (including destination):
$21,420
Average transaction price, including destination:
$24,847
Fuel economy:
27-30 mpg combined

2020 Ford EcoSport

Starting price (including destination):
$21,240
Average transaction price, including destination:
$24,649
Fuel economy:
25-28 mpg combined

Cheapest Sports Cars

2020 Mazda Miata

Starting price (including destination):
$27,525
Average transaction price, including destination:
$31,161
Fuel economy:
29-30 mpg combined

2020 Subaru BRZ

Starting price (including destination):
$29,745
Average transaction price, including destination:
$30,128
Fuel economy:
23-27 mpg combined

2020 Nissan 370Z

Starting price (including destination):
$31,015
Average transaction price, including destination:
$35,775
Fuel economy:
20-22 mpg combined

Cheapest New Cars

  • Cheapest Cars
    • 2020 Chevrolet Spark - Starting price: $14,095
    • 2019 Mitsubishi Mirage - Starting price: $14,790
    • 2020 Nissan Versa - Starting price: $15,625
  • Cheapest SUVs
    • 2020 Kia Soul - Starting price: $17,490
    • 2020 Hyundai Santa Fe - Starting price: $26,995
    • 2020 Chevrolet Traverse - Starting price: $30,995
  • Cheapest Electric Cars
    • 2019 Nissan Leaf - Starting price: $30,885
    • 2019 Hyundai Ioniq Electric - Starting price: $31,235
    • 2019 Chevrolet Bolt - Starting price: $37,495
  • Cheapest Trucks
    • 2020 Chevrolet Colorado - Starting price: $22,395
    • 2020 Ford F-150 - Starting price: $29,750
    • 2019 Ram 2500 - Starting price: $35,090
  • Cheapest Hybrid Cars
    • 2020 Honda Insight - Starting price: $23,860
    • 2020 Toyota Corolla Hybrid - Starting price: $24,055
    • 2019 Hyundai Ioniq Hybrid - Starting price: $23,320
  • Cheapest Sedans
    • 2020 Chevrolet Sonic - Starting price: $17,595
    • 2020 Kia Forte - Starting price: $18,715
    • 2020 Kia Optima LX - Starting price: $24,115
  • Cheapest Coupes
  • Cheapest Hatchbacks
    • 2020 Hyundai Veloster - Starting price: $19,520
    • 2020 Toyota Corolla Hatchback - Starting price: $21,245
    • 2020 Chevrolet Sonic Hatchback - Starting price: $20,295
  • Cheapest AWD Cars
    • 2019 Subaru Impreza - Starting price: $19,480
    • 2020 Hyundai Kona - Starting price: $21,195
    • 2020 Ford EcoSport - Starting price: $21,580
  • Cheapest Sports Cars
    • 2019 Mazda MX-5 Miata - Starting price: $26,650
    • 2020 Subaru BRZ - Starting price: $29,745
    • 2020 Nissan 370Z - Starting price: $30,985

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