Many people require a vehicle and also aim to save some money, which explains the intense competition within the entry-level car market. Automobile manufacturers strive to produce dependable cars at attractive prices. They have consistently achieved this for many years. With the right knowledge, you can place a brand-new car in your driveway for less than $20,000.

We would advise against quickly purchasing the most affordable car available. Choosing a vehicle goes beyond mere cost considerations. You must always inspect and test drive a car yourself before finalizing a purchase. However, it's useful to be aware of who is offering the lowest-priced cars and SUVs currently. Let's get started!

5 Cheapest Cars in 2023

The market for SUVs continues to expand, yet there remains a strong affection for automobiles among Americans. Below, a rundown of this year's most affordable choices in the sector is provided.

The 2023 Subaru Impreza model

Price: $20,295

The Impreza ranks as the most expensive vehicle on our list, enjoying a range of higher-end attributes such as default all-wheel drive and sophisticated driver safety technologies. While it may not be the most powerful, it compensates with its agility, featuring quick steering and robust braking systems. For individuals seeking a cost-effective all-wheel drive car, the Impreza stands out as a notably affordable choice.

The 2023 Kia Forte Model

Price: $19,690

The Forte provides a serene, plush, and well-equipped option compared to its pricier rivals. Kia's compact car boasts impressive fuel efficiency, achieving an approximate 35 mpg on a combined cycle. The Forte is loaded with technology, including standard forward collision mitigation, a touchscreen entertainment interface, and a robust selection of additional features.

Kia Rio 2023 Edition

Price: $17,875

Kia has made minimal updates to the 2023 Rio, and that's perfectly fine by us. The car continues to offer remarkable value for its price. Standard features include a 1.6-liter inline-four engine that produces 120 horsepower and achieves an approximate 41 miles per gallon on the highway. It also comes equipped with an 8-inch touchscreen for the infotainment system and a standard warranty that covers up to 60,000 miles.

The 2023 Mitsubishi Mirage Model

Price: $16,245

A compact, budget-friendly commuter vehicle, the 2023 Mitsubishi Mirage offers one of the lowest prices on the market. While it may not impress with high-tech features or premium materials, it does provide an estimated 40 mpg fuel efficiency, includes a touchscreen infotainment system, and is equipped with a reverse camera.

The 2023 Nissan Versa Model

Price: $15,730

Impressive gas mileage, a satisfactory array of built-in technology and safety options, and an unexpectedly roomy cabin further enhance the attractiveness of the 2023 Nissan Versa. Moreover, alongside its affordable pricing, anticipate superior fuel efficiency, enjoyable maneuverability, and a robust four-cylinder engine.

5 Cheapest SUVs in 2023

Certain automobile purchasers absolutely require the additional cargo room and greater seating arrangements provided by an SUV. This part caters to such individuals! Below, discover a compilation of the most affordable SUVs found in dealerships nationwide.

The 2023 Hyundai Kona Model

Price: $23,475

Discussing technical specifications and functionalities can often overshadow the sheer enjoyment of driving a lively vehicle. Fortunately, the 2023 Kona delivers both enjoyment and utility in spades. Equipped with a basic engine that boasts 147 horsepower, it also offers a choice to upgrade to a stronger powertrain. This compact and fuel-efficient SUV achieves an impressive estimated 35 mpg on the highway.

The 2023 Chevrolet Trailblazer

Price: $21,800

Turn your attention to this: Chevrolet is advancing significantly in the compact-SUV market. The 2023 Trailblazer offers spaciousness, cost-effectiveness, and is equipped with cutting-edge technology. There's ample room for additional cargo, and the enhanced trim levels offer numerous personalization possibilities.

Nissan's 2023 Kicks Model

Price: $21,585

Though compact in size for its category, the Nissan Kicks excels in utilitarian value. This SUV offers ample storage, which increases significantly when you fold the seats. Additionally, it's highly efficient in fuel usage. The vehicle comes in three different trim levels, all outfitted with a 122 HP engine, and there are enhancements available for both the driver assist technology and infotainment systems.

The 2023 Hyundai Venue Model

Price: $20,835

Hyundai might not have clinched titles for the most affordable car, yet it is prominently featured in this category. Among the two Hyundai SUVs highlighted in today's compilation, the 2023 Venue is more compact compared to its rivals, however, it is designed to suit a particular way of life. Its 121 HP engine delivers sufficient power for urban commuting. Additionally, the roomy interior along with a wealth of standard technological features add significant value to this model.

The 2023 Kia Soul Model

Price: $19,890

The 2023 Kia Soul's entry-level model comes equipped with a wide array of standard safety amenities, remote keyless entry, and a user-friendly 8-inch touchscreen display. It features a spacious cabin adorned with contemporary finishes and boasts a sharp, sophisticated exterior design. This makes it an effective and dynamic SUV that is offered at a cost you'll be eager to share.

Happy Trails

Amazed by how budget-friendly a new vehicle can seem? We anticipated that reaction. The car manufacturing sector has evolved significantly, and the prices reflect this. Nowadays, it's quite typical to find Nissan, Mitsubishi, Hyundai, Kia, and Volkswagen dealers offering arrays of vehicles priced below $20,000. Additionally, numerous opportunities exist to economize further on a new car.

Vehicle purchasers can cut down the listed price considerably by bargaining for a reduction or by offering a higher initial payment. Being open to different brands and biding time for an optimal offer can also significantly impact the final price. The deeper your understanding of automobiles and their market prices, the more assertive you will feel during the purchasing process. Therefore, continue to allocate daily time for reading, investigating, and inquiring.