Cheapest New Cars in 2022

Only a few months into 2022 and it’s clear car buying is not getting any easier. With inflation at an all time high and the average new car price reaching $47,000 (a first in automotive history), the need for budget-friendly options is on the mind of every driver. While there’s not many makes and models left under the $20,000 price point, we’ve put our research to the test and compiled a list of the cheapest new cars available in 2022.

What are the cheapest new cars?

Before you give up total hope on buying a new car in 2022, take a look at some of the most affordable options on the market. They may not be the fanciest or equipped with standard safety features, but they come highly praised by buyers with limited budgets. As a matter of fact, most of the cars on this list have been around for ages.

Review our list of the cheapest new cars, from most to least expensive:

Hyundai Venue — $18,900

Finding a subcompact SUV for under $20,000 is practically mission impossible nowadays. However, with the recent introduction of the Hyundai Venue, drivers finally have a way to sit up higher for a price tag thats more comparable to an affordable sedan. The Venue offers an urban styling that new car buyers love with excellent handling and a low fuel economy of 31 mpg. Whether you’re a single person or ready to start a fam, the 2022 Hyundai Venue offers all the essentials.

Hyundai Accent — $16,645

While the 2022 Hyundai Accent doesn’t come standard with all the bells and whistles that drivers like, it does get the job done at a fraction of the cost of new vehicles. With a four-cylinder engine, simplistic interior design, and combined fuel economy of 33 mpg, it’s a budget-friendly option that every driver can appreciate. What’s more, it’s an ideal purchase for teenage drivers. It’s small size and sleek design make it an attractive option for those just getting their bearings of the road.

Kia Rio — $16,150

2022 marks an exciting model year for the Kia Rio. We recently featured its revamped interior and impressive S Package upgrade on our site, but now it’s topping one of our lists again. If you’re looking to keep costs low, the entry level model starts at $16,150, well below the national average. It’s a no frills drive but it comes with a number of upgrades that boost important safety features and interior comfort. Overall, we’d recommend this model to any driver who needs a reliable and cheap ride in 2022.

Mitsubishi Mirage — $14,645

The Mitsubishi namesake doesn’t attract the everyday buyer as much as other brands, however, the 2022 Mirage is a hidden gem for budget shoppers. At one of the lowest entry prices, the Mirage has a few pros worth mentioning. First, it’s long warranty coverage gives drivers a reprieve from yearly maintenance. Next, its low fuel economy works in the favor of 9 to 5 drivers. While we can’t speak much of its appearance, the Mirage has enough going for it for limited budget drivers to enjoy.

Chevrolet Spark — $13,600 (one of the cheapest new cars)

The 2022 Chevrolet Spark will be the last of its kind. With Chevy’s decision to discontinue the model in 2023, this affordable car lands top on our list of cheapest new cars to buy. Basically, we urge you to get it while you can! The Spark is your exemplary tiny car. There’s nothing particularly exciting about its interior or exterior, but with a EPA-estimated highway 38 mpg, it makes a great commuter vehicle or city cruiser.

Will one of the cheapest new cars make your checklist?

Though buying a new car in 2022 is probably not at the top of your to-do list, sometimes necessity takes precedence. When repairs on your old ride start to cost more than a downpayment, these options should come to mind. While boosting qualities that are both reliable and affordable, consumers can worry a little less financially when it comes to car buying 2022.