Need a new ride that’s easy on your wallet? Explore vehicles that offer the ideal balance of affordability and reliability. Our article will help you make a smart choice when buying affordable cars.
What Makes a Car Affordable?
Car pricing is a complicated world influenced by many factors beyond the car’s manufacturing costs. To understand the bigger picture, let’s learn some basics.
Cost vs. Value—More Than Just the Price Tag
Car cost refers to the initial price you pay for the car, including taxes, fees, dealer markups, and the manufacturer’s suggested retail price.
Whereas, car value means the present worth of a vehicle, typically used for insurance assessments, trade-ins, or when selling the car to someone else.
Total Ownership Costs to Consider
Of course, it’s convenient to own a car, but this ownership includes a financial investment. The total costs may cover:
- financing,
- taxes and fees,
- maintenance and repairs,
- fuel.
The AAA's 2024 "Your Driving Costs" study shows that owning a new car in the US means spending an average of $1,024.71 per month. While the average monthly ownership cost of a pre-owned car in the US is estimated at $351.
Best Affordable Used Cars by Category
Compact Cars (e.g., Honda Civic, Toyota Corolla, Hyundai Elantra)
- Honda Civic: This vehicle has always been listed among the best affordable cars. It’s renowned for ease of maintenance, fuel efficiency, reliability, and practical interior space. Civics from 2012-2015 can be purchased for under $10,000.
- Toyota Corolla: Another reliable compact car makes a fantastic option in the used market. These cars boast fuel efficiency, comfortable interiors, and are also easy to maintain. You can find the 2012-2016 Toyota Corolla for under $10,000.
- Hyundai Elantra: The models from 2013-2017 are smart options for your wallet, featuring affordability and low-cost maintenance. Boasting spacious interiors, fuel economy, and other modern techniques, these affordable cars offer excellent value paired with quality and style. The vehicle can be purchased for under $10.000.
Midsize Sedans (e.g., Toyota Camry, Nissan Altima, Kia Optima)
- Toyota Camry: Praised for good styling and fuel economy Toyota Camry is regarded as one of the best-selling sedans in North America. The vehicle is known for its high reliability ratings and spacious cabin. The latest used models, particularly from 2018-2021, can be purchased for under $20,000.
- Nissan Altima: This popular midsize sedan offers reliable performance, a comfortable ride, and a spacious interior. The Altima is a great choice in the used car market, especially the 2012-2015 models, which can be found for under $10,000. These models have strong fuel economy and refined driving experience, making them an ideal option for families.
- Kia Optima: Another affordable mid-sized sedan known for its unique design and comfortable interior. Models from 2017-2020, featuring strong safety ratings and a smooth driving experience, can be found starting from the $10,000 price range.
Hatchbacks & Subcompacts (e.g., Honda Fit, Ford Fiesta)
- Honda Fit: This versatile subcompact hatchback features excellent fuel economy, a spacious interior, and exceptional cargo flexibility. The 2015-2017 models are found in the price range of $9000-$10000.
- Ford Fiesta: Another option for affordable cars is this compact hatchback, offering a blend of performance and efficiency. These cars are stylish, comfortable, and, of course, reliable. The price range may vary from $5000 up to $14,000, depending on the model year and mileage.
- Kia Rio: This is a budget-friendly option, offering good fuel economy, a comfortable ride, and modern amenities. The 2015-2018 models' price range is $6000 - $8000.
Affordable SUVs (e.g., Mazda CX-5, Subaru Forester, Hyundai Tucson)
- Mazda CX-5: On top of capability and style, this SUV offers a spacious cabin, cargo area, and a lot of driving engagement. The average used price is $9000.
- Subaru Forester: Ideal for outdoor adventures and city driving, the Forester boasts reliable performance, strong safety ratings, good fuel efficiency, and a smooth riding experience. The average used price for the 2017-2020 models is $15,000.
- Hyundai Tucson: Another perfect option for commutes and long journeys, listed among the top best affordable cars. The vehicle offers strong safety features, advanced infotainment, and an enjoyable riding experience. The price for the models 2015-2020 ranges from $10,000 to $ 20,000.
Fuel-Efficient Picks (e.g., Toyota Prius, Hyundai Ioniq)
- Toyota Prius: This unexpectedly enjoyable-to-drive car is regarded as a fuel-efficiency leader. It offers strong safety features, a modern infotainment system, and a spacious interior. The price tag for the models 2015 and higher starts from approximately $12,000.
- Hyundai Ioniq: Known for its impressive fuel economy, this is a smart choice for daily commuting. In addition, it offers advanced infotainment and an ample-spaced cabin. Depending on the model, the used vehicle can be estimated starting from $ 15,000.
What to Look for When Buying an Affordable Car
With so many options out there, you may feel unsure of where to start. No worries! Here’s what to consider when choosing an affordable car.
Reliability Ratings & Common Issues
As the used car market evolves, buyers wonder how to find the most reliable pre-owned options. Knowing which brand among affordable cars will hold up over time can lead to a smarter choice for your wallet.
The reliability ratings are shedding light on the world of the cheapest used cars. For example, Consumer Reports show that from 2014-2019, Toyota and Lexus were the most reliable used car brands, while Tesla and Stellantis are recommended to be approached with caution.
Fuel Economy & Insurance Costs
Before making your choice, don’t forget to check the insurance costs. The average cost of a used car insurance policy may depend on various factors like the owner's age and driving experience, driving record, type of vehicle, and location. In addition, check official EPA ratings to get an idea of a pre-owned car’s fuel economy.
Maintenance and Repair Costs
Here’s another thing to consider. Maintenance costs are inevitable. The AAA's Your Driving Costs study shows that the average car maintenance is $1,475 per year. These costs can be classified into unexpected repairs and routine tasks. Of course, the maintenance costs vary across brands. Toyota and Honda lead in affordability.
Safety Features and Crash Test Ratings
There’s nothing more important than safety features and ratings when buying affordable cars. Some of the essential safety features to prioritize include: airbag systems, anti-lock braking systems, tire pressure monitoring systems, and electronic stability control. Plus, you can check crash test ratings to evaluate the safety of pre-owned vehicles. To do so, just visit www.nhtsa.gov/ratings.
Smart Tips for Buying Affordable Used Cars
Where to Shop for Deals
Where to find a reliable used car that fits your budget and needs? Here’s what we’ve got to offer.
- Dealerships: Offers a traditional buying experience, where you can see the vehicle, negotiate price, and take a test drive.
- Online used-car websites: Owned by independent companies, they feature a hassle-free experience and a wide range of inventory.
- Private sellers: Buying a car from a private party is a chance to get a better price without any expensive add-ons.
- Auto action: In-person or online auctions could be a great way to get a good deal.
Certified Pre-Owned vs. Regular Used
Certified pre-owned refers to a program where affordable cars meet strict quality standards. These cars boast low mileage and excellent condition. Plus, CPO programs include manufacturer-backed warranties.
Regular used cars don’t go through thorough inspections and are sold as they are. While less expensive, these vehicles carry more risks.
What to Check During a Test Drive
When choosing your used car, a test drive is non-negotiable! Here’s what you need to do:
- Start the car and listen for unusual noises,
- Test the steering wheel,
- Apply the brakes at various speeds,
- Check the car’s acceleration, electronics, visibility, parking, and maneuverability.
Importance of a Vehicle History Report
If you want to make a wise purchase, always look into a vehicle’s history records. You’ll find important details on the car's accident history, other damages, title history, mileage, service history, and recalls.
Our Top Picks for 2025
Best Overall Budget Car
With a great reputation for longevity and low maintenance costs, the Honda Civic takes the win among the best budget cars. It’s reliable, affordable, and fuel-efficient. The price tags for the 2017-2020 models start from $13,000.
Best Family-Friendly Option
Honda CR-V with high-standard safety technology and fuel economy is ideal for family daily driving. You can enjoy its spacious interior, great reliability, and low-cost ownership. The price range starts from $13,000.
Best First Car
For first-time drivers seeking a ride among affordable cars, we recommend the Chevrolet Cruze. Ranging from $6000 to $ 11,000, this model offers a good fuel economy, spacious interior, user-friendly technology, and a refined driving experience.
Best Long-Term Investment
With more than 200,000 miles of lifespan, the Toyota Corolla is regarded as a legendary, reliable, and sturdy option. This affordable vehicle will help you keep your money in your pocket for a long time.
Getting the Most Bang for Your Buck
Whether you want something for a rugged drive or family commuting, a balance of quality and budget is key. Models like Honda, Hyundai, or Mazda are the crowns of affordable cars, offering reliability and affordability at the same time.
Why the Used Market Is a Smart Place to Look
In addition, with thorough and smart research in the used market, you can find the most reliable and affordable vehicle that will fit your needs and make your wallet happier.