10 Cheapest New Cars 2021

Fran
Fran Majidi
January 8, 2021

If you’re shopping for a new car in 2021, remember that there are many dealer incentives and cash back rebates available. It’s a good idea to thoroughly research the types of cars you are considering to see which may bring you the biggest savings. According to Car and Driver, the cars listed below are in the less-than-$330-a-month ballpark for monthly payments. But don’t forget auto insurance insurance.

Consider car insurance payments, which are always a bit higher if you’re leasing or financing a car. Because the car still technically belongs to the lienholder, you’ll likely have to carry full coverage if you do lease or finance a new car. This is in case you total the car in an accident that is your fault. Remember that liability coverage only pays for the other driver’s losses, not yours! So compare auto insurance quotes to get the best deal available.

If you want cheap, keep in mind that these cars will not scream luxury, but they will get you from one place to the next with efficiency and without denting your wallet. So without further ado, here are the most affordable cars of 2021.

Hyundai Venue $19,925

Fuel Economy (Combined City/Highway): 31/30/33 mpg

This compact SUV is a big hit, especially because of its easy pricing and complimentary maintenance for 3 full years or 36,000 miles (whichever comes first). It’s perfect for city dwellers who still seek a roomier car than a sedan but want something small. The Venue boasts its safety features and is available in three prices, the lowest starting at $18,750. The pricier model is the Denim edition, which starts at $22,050.

Hyundai Veloster $19,895

Fuel Economy (Combined City/Highway): 28/25/33 mpg

The Veloster is a 3-door hatchback that actually starts at $18,900 MSRP. Like the Venue, the Veloster also comes with complimentary maintenance for 3 full years or 36,000 miles (whichever comes first). This car is for the stylish driver who has a passion for the road but a budget to stick with. This car is a techie’s dream and boasts infotainment and connectivity features.

Subaru Impreza $19,720

Fuel Economy (Combined City/Highway): 26/23/31 mpg

The Impreza is available as a sedan and as a hatchback, whichever you prefer. Starting at $18,795 this symmetrical all-wheel drive vehicle is the longest-lasting vehicle in its class. According to Kelley Blue Book, the Impreza has “an unbeatable combination of safety, reliability, capability and affordability that’s hard to pass up.”

Kia Forte $18,855

Fuel Economy (Combined City/Highway): 31/27/37 mpg

The Kia Forte starts at $17,890 MSRP and the GT-Line hosts advanced technology and convenience features for a small fee. This car is fully loaded with safety and infotainment technology. It has a spacious cabin for extra legroom and above-average fuel efficiency. What more could you ask for at this price?

Kia Soul $18,610

Fuel Economy (Combined City/Highway): 27/25/31 mpg

This subcompact car comes in all electric too, but the EV is much more pricey than the versatile hatchback original. The lifespan of a Kia Soul is about 200,000 miles. This affordable car offers high-tech features and a turbocharged engine. The Soul S offers additional features that cost more but may also earn you an insurance discount, with safety features like blind-spot collision warning (BCW) and rear cross-traffic alert (RCCA).

2021 Kia Rio $17,015

Fuel Economy (Combined City/Highway): 36/33/41 mpg

This South Korean subcompact car has been in production since 1999. It has a 4-cylinder engine and 6-speed automatic transmission, which make it fun to drive. It also has power steering, which allows for more control. Yes, this car is fully equipped with a 7,0” color-touch-screen display and is compatible with Apple CarPlay and Android Auto.

Hyundai Accent $16,390

Fuel Economy (Combined City/Highway): 33/29/39 mpg

The stylish Hyundai Accent is not only a cost-effective ride, it looks good. The base model, the SE, starts at only $15,395, while the Limited, which boasts forward-collision avoidance assist (FCA) and hands-free smart trunk release is only $19,500. Remember that when you buy a car with safety features, you save on car insurance, so it’s a wash!

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Nissan Versa $15,855

Fuel Economy (Combined City/Highway): 20/27/35 mpg

The MSRP on a base model starts at $14,930 so this car may be just what you’re looking for. It was also awarded Automotive Best Buy by Consumer Guide two years in a row! This practical car has safety features like automatic emergency braking with pedestrian detection. It’s also possible to connect with a smartphone.

Mitsubishi Mirage $15,290

Fuel Economy (Combined City/Highway): 36/33/41 mpg

This hatchback is a reliable and economical compact car that is made to meet a tight budget. People love the gas mileage on this car, which comes with forward collision mitigation with pedestrian detection, lane departure warning and automatic high beam, all features which may award you discounts on auto insurance.

Chevrolet Spark $14,395

Fuel Economy (Combined/City/Highway): 33/29/38 mpg

With a manufacturer’s suggested retail price of $13,400 the Chevrolet Spark is the cheapest car in 2021. A subcompact car, with the Chevrolet Spark you won’t have any difficulty squeezing into tight parking spaces or maneuvering narrow streets. The Chevrolet Spark also boasts 27.2 cubic feet of cargo space so there is plenty of room for any stuff you may need to haul. The Chevrolet Spark gets 30 miles per gallon in the city and 38 miles per gallon on the highway. The Chevrolet Spark comes in 10 colors, mystic blue, silver ice, summit white, mosaic black, cayenne orange, red hot, passion fruit, nightfall gray, toasted marshmallow and caribbean blue. The interior features color-coordinated accent stripes and handy storage hooks.

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