The cheapest new cars of 2023 in America not only offer affordability but also come equipped with impressive safety features and advanced technology. Expensive price tags are no longer a requirement for new car ownership, as manufacturers cater to the needs of budget-conscious customers who seek reliable transportation without breaking the bank. While some may prefer not to buy used cars, bringing home a brand-new vehicle straight from the dealership often entails a significant financial investment.
Updated as of June 2023, this list presents an array of affordable new cars, providing budget-minded gearheads with a wide range of options. Despite rising car prices in recent years, there are still plenty of reasonably-priced vehicles available on the market.
Many manufacturers offer attractive deals on affordable new cars, some of which undercut their competitors with base trims that prioritize affordability over luxury features and comforts. While these vehicles may lack certain luxuries, their cost-effectiveness makes them a viable choice for many. Without further ado, here are 7 of the cheapest new cars that you can proudly drive home in 2023.
7. 2023 Kia Soul
Starting at $19,890, the base LX trim of the 2023 Kia Soul offers an impressive array of features. From an 8-inch touchscreen display to remote keyless entry, this crossover provides excellent value for money. Additionally, it supports Android Auto and Apple CarPlay, and comes with essential driver-assistance technologies, such as Auto Emergency Braking and Lane Keeping Assist.
6.2023 Subaru Impreza
Priced at $19,795, the 2023 Subaru Impreza stands out by offering standard all-wheel drive on a new car under $20,000. With a smooth ride and ample seating space, this vehicle ensures comfort and stability. Opting for the hatchback variant grants you 20.8 cubic feet of cargo room, surpassing the sedan’s 12.3 cubic feet.
5.2023 Hyundai Venue
Serving as Hyundai’s most affordable new car for 2023, the Venue SE trim delivers an enticing package for $19,500. Equipped with a 121-horsepower engine and achieving 31 MPG combined, this compact car excels in city maneuverability. Notably, it also boasts safety technologies like Forward Collision-Avoidance Assist, Lane Keeping Assist, and Driver Attention Warning. The 2023 Hyundai Venue has earned the prestigious Top Safety Pick award from the Insurance Institute for Highway Safety, making it an ideal choice for families seeking both affordability and safety.
4. 2023 Kia Forte: A Premium Sedan That Exceeds Expectations
Prepare to be impressed by the 2023 Kia Forte, a sedan that combines premium features with remarkable fuel efficiency. With its 147-horsepower engine, this vehicle achieves an impressive 41 MPG on the highway. Step inside, and you’ll be greeted by a user-friendly tech-filled interior and a remarkably spacious cabin designed to provide comfort even on longer journeys. As a true five-seater, the 2023 Kia Forte offers an 8-inch touchscreen display equipped with wireless Apple CarPlay and Android Auto integration. But it doesn’t stop there; this sedan also comes packed with advanced safety features such as Auto Headlight Control and High Beam Assist, Auto Lane Following, and Lane Keeping Assist. Prepare to elevate
3. 2023 Kia Rio: Exceptional Fuel Economy and Comfort at an Affordable Price
The 2023 Kia Rio stands as one of the finest affordable subcompact cars available today, offering remarkable fuel efficiency, a comfortable ride, and an enticing price tag of $16,000. With its 120-horsepower engine, the 2023 Rio achieves up to 41 MPG on the highway, solidifying its status as an efficient choice. While it may have its trade-offs, such as the absence of steering-wheel adjustments, the value it offers is undeniable.
Despite its affordable price, the 2023 Kia Rio doesn’t compromise on features. It boasts an 8-inch screen with a rearview camera, support for both Apple and Android operating systems, and a tire-pressure monitoring system. Embrace the practicality and affordability of the 2023 Kia Rio without sacrificing modern conveniences.
2. 2023 Mitsubishi Mirage: The Budget-Friendly Option with Some Trade-Offs
As one of the cheapest new cars in 2023, the Mitsubishi Mirage does come with its share of compromises, even considering its affordable price range. The engine falls short, providing less than 80 horsepower, and the noise level might be a concern. Mitsubishi’s cost-cutting measures are apparent throughout the Mirage, both in its exterior and interior design.
However, the 2023 Mitsubishi Mirage delivers fantastic fuel economy, reaching up to 43 MPG on the highway. It also offers standard Apple CarPlay and Android Auto compatibility, complemented by a 7-inch infotainment display. While the Mirage has its drawbacks, there are undoubtedly superior alternatives within a similar price range.
1. 2023 Nissan Versa: Unbeatable Affordability and Impressive Package
With a starting MSRP of $16,925, the 2023 Nissan Versa claims the title of the most affordable new car in the United States. Don’t be fooled by its low price, as the Versa offers a remarkable package. It features a comfortable ride, solid fuel economy, and a spirited 122-horsepower engine, all available at an astonishingly affordable price of just $15,730.
Inside, the Nissan Versa provides a spacious cabin for five passengers, prioritizing comfort over extravagance. Ride quality remains enjoyable, making the Versa a practical and pleasurable choice. Although new cars under $15,000 are scarce, there are numerous brand-new options available just above that range, offering impressive features and value that exceed expectations.