Low on Cash? Buy One of the Cheapest Cars For 2022

Can you get a cheap car for a starting price under $20,000 that isn’t going to fall apart immediately? These vehicles certainly try to fill the need for a cheap, efficient car with a factory warranty. Here are some of the cheapest cars on the market for 2022. 

  • Kia Rio– starting price $17,275
  • Nissan Versa– starting price $16,205
  • Mitsubishi Mirage– starting price $16,125
  • Chevrolet Spark– starting price $14,595
  • Hyundai Accent– starting price $17,690
  • Honorable Mention: Subaru Impreza– starting price $19,790

Is a Kia Rio worth it? 

A Kia Rio is a sensible sedan with good gas mileage and a wallet-friendly price tag. Furthermore, the Rio comes with a great warranty and your choice of a sedan or utilitarian hatchback. Unfortunately, the 2022 Kia Rio is only available with a four-cylinder engine and continuously variable transmission (CVT). However, savvy shoppers don’t have to budget too hard to pick one up, with a starting price of $17,275.

2022 Kia Rio is one of the cheapest cars for 2022
The 2022 Kia Rio | Kia

How much does a 2022 Nissan Versa cost? 

The 2022 Nissan Versa is one of the cheapest cars for 2022. With a starting price of just $16,205, the little sedan offers a lot for not a lot of money. Not only do shoppers get a generous suite of safety features, but they also get a very fuel-efficient car, especially when equipped with the CVT. 

The 2022 Nissan Versa sedan
2022 Nissan Versa | Nissan

Is the 2022 Mitsubishi Mirage a good car? 

The 2022 Mitsubishi Mirage has problems. U.S. News reports that the car is a bit more spacious than the comparable Chevrolet Spark, albeit with a drawback. With just 78 horsepower meandering from the three-cylinder powerplant, the Mirage is one of the most underpowered modern cars on the market. 

The 2022 Mitsubishi Mirage has a low starting price
The Mitsubishi Mirage | Mitsubishi

What is the cheapest new car on the market? 

The cheapest new car on the market is the 2022 Chevrolet Spark. With a starting price of just $14,595, it’s the only car on this list below the $15,000 mark. While the car you get for that price is a bit austere, it is still great value for a new car with a warranty and a reported 33 mpg combined. 

The 2022 Chevrolet Spark is one of the cheapest cars for 2022 with a low starting price.
The 2022 Chevrolet Spark | Chevrolet

How much does a 2022 Hyundai Accent cost? 

The 2022 Hyundai Accent is comparably priced to the 2022 Kia Rio. Specifically, the Accent has a starting price of $17,690, which makes it the second most expensive car on this list. However, for that money, consumers get a great warranty and 33 mpg combined. Still, Car and Driver said that the unfortunate 8.9 seconds the four-cylinder Hyundai needed to get to sixty is disappointing.

Honorable mention: the Subaru Impreza is one of the cheapest cars of 2022

The Subaru Impreza is the most pricey car on this list, however, it offers a lot to car shoppers. Car and Driver reports that the Impreza is the cheapest car on the market that offers all-wheel drive (AWD). That could be a huge bonus to the millions of Americans who live in challenging climates with snow and frequent rain. 

2022 Subaru Impreza is one of the cheapest cars for 2022
The Subaru Impreza | Subaru

Which of the cheapest cars of 2022 should you buy? 

In terms of outright value for money, the 2022 Chevrolet Spark offers just enough car for the modest price tag. The Spark certainly offers more value for money than a 2022 Mitsubishi Mirage. However, if you can manage, the Subaru Impreza offers respectable horsepower, fuel economy, and AWD for under $20,000. 

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