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With very high inflation these days, new cars are more expensive than ever. According to Consumer Reports, the average price of a new car right now is $47,000. The high prices can make car buying a stressful endeavor. Fortunately, though, there are still many affordable options at a lower price range. Check out the cheapest new cars under $20,000 that are available to buy in 2022.

What is the cheapest new car priced under $20,000 in 2022?

Silver 2022 Chevrolet Spark, the cheapest car available to buy in 2022, parked next to a sidewalk
2022 Chevrolet Spark | Chevrolet

Buying a new car doesn’t mean that you have to destroy your bank account. As detailed by Money, there are still many budget-friendly options. Here are the cheapest new cars priced under $20,000 in 2022:

1. 2022 Chevrolet Spark: Starting price of $13,600 MSRP
2. 2022 Mitsubishi Mirage: Starting price of $14,645 MSRP
3. 2022 Nissan Versa: Starting price of $15,080 MSRP
4. 2022 Mitsubishi Mirage G4: Starting price of $15,645 MSRP
5. 2022 Kia Rio: Starting price of $16,050 MSRP
6. 2022 Hyundai Accent: Starting price of $16,645 MSRP
7. 2022 Kia Rio 5-Door: Starting price of $16,990 MSRP
8. 2022 Kia Forte: Starting price of $17,890 MSRP
9. 2022 Hyundai Venue: Starting price of $18,900 MSRP
10. 2022 Kia Soul: Starting price of $19,190 MSRP
11. 2022 Nissan Sentra: Starting price of $19,510 MSRP
12. 2022 Hyundai Elantra: Starting price of $19,850 MSRP

The 2022 Chevrolet Spark is the cheapest car available to buy in 2022

Do you want an affordable 2022 new car priced under $20,000? The cheapest possible choice is the 2022 Chevrolet Spark, which has a starting price of $13,600 MSRP. You might be surprised to find that you can find a new car that’s so affordable in 2022. 

Also, the low price of the Chevy Spark doesn’t mean that it is a low-quality car. With its agile handling, the Spark is relatively fun-to-drive. Also, the interior quality of the Spark is much better than the low price suggests. Furthermore, while the Spark doesn’t have the premium content of more expensive models, it has a respectable list of feature offerings, such as a Wi-Fi hotspot, Apple CarPlay and Android Auto smartphone integration, and automatic emergency braking.

As far as the other cheapest new cars priced under $20,000, the next most affordable option after the 2022 Spark is the 2022 Mitsubishi Mirage. It has a starting price of $14,645 MSRP. This is followed by the 2022 Nissan Versa ($15,080), 2022 Mitsubishi Mirage G4 ($15,645), 2022 Kia Rio ($16,050), 2022 Hyundai Accent ($16,645), and 2022 Kia Rio 5-Door ($16,990). The list of cheapest cars available to buy in 2022 is rounded out by the 2022 Kia Forte ($17,890), 2022 Hyundai Venue ($18,900), 2022 Kia Soul ($19,100), 2022 Nissan Sentra ($19,510), and 2022 Hyundai Elantra ($19,850).

The 2022 Hyundai Venue is the cheapest SUV available to buy in 2022

Dark blue 2022 Hyundai Venue, the cheapest SUV available to buy in 2022, parked near a large building
2022 Hyundai Venue | Hyundai

The list of cheapest new cars under $20,000 that are available to buy in 2022 features mostly sedans and hatchbacks. However, two affordable SUVs make the list. The cheapest SUV available in 2022 is the 2022 Hyundai Venue. It has a budget-friendly starting price of $18,900 MSRP. The second-most affordable SUV is the 2022 Kia Soul, with a starting price of $19,100.

Due to the rising inflation costs, goods and services are very expensive, including cars. However, if you’re willing to forgo some of the pricy features of more premium cars, you can find some affordable choices. Whether it’s the 2022 Chevrolet Spark, 2022 Mitsubishi Mirage, 2022 Hyundai Venue, or 2022 Kia Soul, you can buy a car in 2022 that’s not too harsh on your pocketbook.


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