Top 10 Cheapest New Cars You Could Buy in 2015
Price is not the only thing when it comes to buying a cheap new car. You will also want to take into consideration all the ownership costs associated with the vehicle.
Price is not the only thing when it comes to buying a cheap new car. You will also want to take into consideration all the ownership costs associated with the vehicle.
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Finance charges, insurance, fuel economy, and preventive maintenance are just a handful of costs that will add up over the life of the vehicle. In actuality, the total of the vehicle’s payments will only make up about half of what the cost of owning the vehicle will be over a five-year auto loan.
Some financial experts say, “A new car is one of the worst depreciating assets you can buy.” I guess it’s hard to argue with that statement, however, you have to have a vehicle to get anywhere in this world.
You have a few options to decrease or avoid vehicle ownership costs altogether:
Take a look at my new car buying advice chapter to learn how to properly research and compare new cars online before contacting a dealership. I’ll also show you how car dealers make money selling new cars and how to recognize and avoid tricky car dealer scams.
Must-Read Guides and Resources
One ownership cost you can control right away is insurance. What rate you pay is normally based on several factors including miles driven, age, driving record, gender, where you live, and credit rating.
Vehicles are also rated differently, vehicles with lower repair costs or claim histories will normally have cheaper insurance premiums.
New sports cars tend to attract young and/or aggressive drivers and luxury vehicles have higher repair costs, these types of vehicles will typically always have higher insurance rates. Some compacts, sedans, crossover SUVs, and minivans tend to have the cheapest insurance rates available.
Many dealers will greatly discount new cars not selling on their lot to entice new car shoppers to buy. Choosing a new car based on a cheap price, only to save a few dollars upfront, can end up costing you more money over time.
You must be cautious and keep a lookout for vehicles that depreciate much quicker over time. This is also true with vehicles that cost more to maintain, consume more fuel, or cost more to insure.
As stated above, finding the least expensive vehicle to own is not just by looking for the cheapest sticker price. I’ve also included the following information in this list:
If you’re a new car shopper wanting to get a vehicle that’s cheap, affordable, and inexpensive to own, you may want to consider one of the vehicles on my top 10 list below.
Best New Car Quote Services
RydeShopper has one of the largest new car dealership networks in the world. Select the make and model you’re interested in and they will instantly search clearance pricing within your local area. Don’t forget to select as many dealers as possible to increase your chances for the greatest discounts and savings.
Find Local Car Clearance Deals >>
Edmunds is one of the oldest and best new car research and review sites on the internet. Their huge dealer network allows you to shop, research and compare millions of new cars so you can find the exact vehicle you’re looking for.
MotorTrend is one of the best kept secrets on the Internet. Best known for their automobile magazine, MotorTrend has a vast dealer network across the nation. Their referral service is 100% free and there’s no obligation to purchase. Pick a vehicle, select local dealers, and receive discount pricing.
CarsDirect has been in online vehicle research business since 1998 and has all the right tools to help you find your next car, truck or SUV. They offer a no-hassle experience from configuring a car to making the final purchase. You’ll find your next car quickly and easily.
#10 – 2015 Toyota Yaris L 3 Door (Lift-back | Hatchback)
#9 – 2015 Mazda 2 Sport 4 Door Hatchback
#8 – 2015 Chevrolet Sonic LS 4 Door Sedan
#7 – 2015 Scion IQ 2 Door Hatchback
#6 – 2015 Kia Rio LX 4 Door Sedan
#5 – 2015 Ford Fiesta S Sedan, 4 Door
#4 – 2015 Mitsubishi Mirage DE CVT, 4 Door Hatchback
#3 – 2015 Chevrolet Spark LS 4 Door Hatchback
#2 – 2015 Nissan Versa Sedan 1.6S, 4 Door
#1 – 2015 Smart ForTwo Pure Coupe
If you’re in the market for a “cheap-to-own” new car, I recommend using a free online referral service such as Ryde Shopper and Motor Trend to guarantee you pay the lowest price. Using these free services is the best way to do your car shopping online.
These services will provide you with several quotes from local dealerships in your area. They’ll also provide you with valuable information on what other people are paying for the vehicle you’re considering and which local dealers are providing the best discounts from MSRP.
If you have no idea where to start the car buying process. Use my free new car buying cheat sheet for a step-by-step guide on how to buy a new car online, get a great deal and avoid dealer scams.
My name is Carlton Wolf and I have been in the retail and wholesale car business for well over 20 years. I created the Auto Cheat Sheet to better educate buyers on the deceptive sales practices found in many dealerships across the country. Please understand, not all car dealers are dishonest. However, you never know who you will be dealing with. I’m willing to share my knowledge and experience with anyone willing to listen. Keep in mind, I’m a car guy, not a writer.