2020 Honda Civic

Cheapest New Cars: The Most Affordable Cars of 2020 So Far

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Wait! Before you go ahead and rush to buy a tokunbo car because you’re trying to avoid the often expensive brand new cars, give yourself a break and continue reading this piece. Why? Because not all brand new cars are expensive. Leaning on Edmunds, I have compiled a list of the most affordable cars in 2020 for you. The list spans across different segments, such as sedan, hatchback, SUV, EV, etc. Of course, you might not get the luxury of high-end cars with these cars but I assure you that they are all comfortable. Also, a lot of them have remarkable performance ratings.

The Most Affordable Cars

These prices are their starting MSRP, so you can have some extra features if you still have some more change to spare.

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2020 Chevrolet Spark hatchback

2020 Chevrolet Spark hatchback

Let me tell you straight away what you might not enjoy in this car. It is a small car with a small rear seat and cargo space. Also, you shouldn’t imagine yourself coasting at high speeds in it. With that being said, you should know that it is still a great car. Especially when it comes to its features.

Firstly, it has a fuel economy of 33mpg which is a good thing if you are particular about this. Also, it spoils you with a 7” touchscreen, smartphone connectivity, and a wifi hotspot. The price starts from $14,095

2020 Mitsubishi Mirage hatchback

An awesome fuel economy of 39 mpg is what this car brings to the table but that’s not all about the car. Mitsubishi still put another mouthwatering feature on the Mirage: it has a warranty of 10 years/100,000 miles. These two features, combined with a starting price of $14,790, are the selling points of the car. However, you might have to compromise on power.

2020 Nissan Versa sedan

Well. you probably already know that Nissan vehicles are cheap, but even by the standards of Nissan, the Versa is still a really cheap car. It has reasonably spacious cargo space, quite a powerful engine and a remarkable fuel economy of up to 35mpg. Also, its sleek looks make it an eye-catching car. The  starting price is $15,625

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The most affordable SUVs

SUVs are generally costly. However, with less than $30,000, you can still get yourself one of these:

Small SUV: 2020 Kia Soul

Small SUV: 2020 Kia Soul

It may look small on the exterior but it doesn’t really look like it on the inside. It is cleverly designed to be more spacious than most subcompact SUVs. Also, with a horsepower of 147, the car would not feel very heavy in your hands while you cruise around with a fuel economy of up to 30mpg. The starting price is $17,485

Midsize SUV: 2020 Hyundai Santa Fe

The stylishly designed midsize SUV could be a great purchase if you ignore the poor fuel economy of 25mpg. On the bright side, it is quite spacious and offers comfort. The starting price is $26,995

3-Row SUV: 2020 Chevrolet Traverse

This is one of the roomiest crossover SUV you would find around. With a strong V6 engine and a noiseless drive, you are set for an enjoyable ride. However, just make sure you are always holding enough money to refuel the car if you are going on long trips as it has a pitiable fuel economy of 21mpg. Its starting price is $30,955.

The most affordable Electric Cars

Buying used electric cars could be a risky move sometimes as you don’t know how bad the battery of the car has gotten. So, why don’t you just save up a little more and check out these cheap ones:

2019 Nissan Leaf

Currently in its second generation if production, the Nissan Leaf has been around for about a decade now. You might suffer from the limited cargo space of the car but the quick acceleration and awesome driver assistance features make up for the limited cargo space. The starting price is $30,885.

2020 Chevrolet Bolt EV

2020 Chevrolet Bolt EV

The best thing about this car is its range of more than 259 miles on a full charge. Only the more expensive electric cars can boast of this. The worst things about the car are the bleak interior and the uncomfortable seats. The starting price is $37,890.

The most affordable pick-up trucks

Quite often, the things that usually heighten truck prices are the extra features that are not always useful for most people who just want something strong to work with. If you are one of these people, check these trucks out.

Midsize Truck: 2020 Chevrolet Colorado

Midsize Truck: 2020 Chevrolet Colorado

Everything about this truck is good news. A four-cylinder engine with 200hp, upgradable to a V6, quick to maneuver, comfortable interior, and the ability to tow loads up to 3,500 pounds. The starting price is $22,395

Full-Size Truck: 2020 Ford F-150

If you want a hardworking machine with simple yet remarkable features, don’t go any further. Your search ends here. As long as the load is less than 9100 pounds, you can tow it with this truck while you seat in a comfortable interior. The starting price is $29,750.

Heavy-Duty Truck: 2019 Ram 2500

With this truck, you are offered a very smooth ride with the class-exclusive coil-spring rear suspension, a comfortable ride on comfortable seats and a large interior space. When it comes to hard work, you can place a payload of up to 3000pounds on the truck. The truck is also strong enough to tow loads as heavy as 14,000 pounds. The starting price is $35,090.

The most affordable hybrid cars

Hybrid cars aren’t as expensive as they used to be. They now even look like conventional cars and feature fuel economies in the 50s.

2020 Honda Insight

2020 Honda Insight

The Honda Insight offers you quick acceleration, a roomy interior and great performance on the road. Furthermore, it has a fuel economy of up to 52mpg. The starting price is $23,860.

2020 Toyota Corolla Hybrid

The Corolla Hybrid is not far away from the Honda Insight when it comes to performance. As a matter of fact, they both have the same fuel economy but it is just slightly costlier than the Honda Insight: $24,055. In addition, it has a great driving feel.

2019 Hyundai Ioniq Hybrid

This one has remarkable cargo space, a better fuel economy of 55mpg, an eye-catching tech interface, all at a lower starting price of $23,320. It might not have the great feel of the Corolla Hybrid, but it still does well for itself.

The most affordable sedans

Subcompact Sedan: 2020 Hyundai Accent

Subcompact Sedan: 2020 Hyundai Accent

With just $16,125, you can take home a car that has a great engine with a fuel economy of 36mpg, large cargo space, techie features, such as Bluetooth, USB/aux inputs, touchscreen display, and a smooth and sporty drive.

Compact Sedan: 2020 Kia Forte

With Kia Forte, you get a nice warranty, reasonable safety features, a smooth ride and a great fuel economy of 35mpg, all for as low as $18,715.

Midsize Sedan: 2020 Kia Optima LX

The Optima is another product from Kia that performs well for the money. It has a beautiful looking interior, easy to use user interface and offers awesome value for a price of $24,225. However, you may not enjoy the handling of the car.

The most affordable coupes

Generally, coupes always look sporty so you can mark out one advantage that all the following coupes possess:

2020 Honda Civic

2020 Honda Civic

The Civic boasts of great responsiveness with its turbo engine and reasonable safety features. It has a fuel economy of up to 35mpg and a cheap starting price of $21,880.

2019 Chevrolet Camaro

Camaro still remains one of the most comfortable rides that come from the factories of Chevrolet. In addition to this, it boasts of a quite powerful turbo four-cylinder engine. However, whoever seats in the rear seats might have themselves to blame. It goes for as low as $25,995.

2020 Ford Mustang

Power. That is the first thing that comes to mind when you see the Mustang. With a four-cylinder turbocharged engine that provides 310hp, it puts you in control of twisty roads. However, the same little rear seat and cargo space problem that commonly besets coupes does not spare the Mustang. You can get the mustang for as low as $27,765.

The most affordable hatchbacks

The versatility of hatchbacks is always a huge plus for them. I already talked about two hatchbacks above in the most affordable cars segment. But today is your lucky day, it seems. I’ll talk about three more here.

2020 Hyundai Veloster

2020 Hyundai Veloster

The Veloster has a sporty handling and sleek looks. It has some remarkable features and the huge cargo space is also a nice addition. However, the engine power is low and it could be quite noisy. It has a maximum fuel economy of 30mph and goes for as low as $19,520.

2020 Toyota Corolla Hatchback

Corolla is always a goto car for most people because if its versatility. The corolla is available in the sedan, hybrid, and now, the hatchback categories. This one boasts of a 168hp engine with responsive handling and a fuel economy of 35mpg. On the downside, there’s nothing special about its cargo space and passengers might have issues with the little legroom. The starting price is $21,245.

2020 Chevrolet Sonic

With quick and responsive handling and engine, the Sonic never disappoints by failing to be an exciting drive. The starting price is $20,295.

The most affordable AWD cars

For those that are often faced with wet weather conditions, AWD cars are always priceless to them. Here are some of the cheapest in this category.

2020 Subaru Impreza

This car does its job well in wet weather while offering a comfortable and spacious room in the cabin. It also comes with a manual transmission on the four-cylinder engine. The price starts from $19,595 and the fuel economy goes up to 32mpg.

The other cars in this category are as follows:

2020 Hyundai Kona: $21,195

2020 Ford EcoSport: $21,580

The most affordable sport cars

The cars in this category include the following.

2020 Mazda Miata: $26,650

2020 Subaru BRZ: $29,745

2020 Nissan 370Z: $30,985



Oreoluwa is an enthusiastic writer who has written a lot of articles for Carmart Nigeria Blog. He is an SEO content writing specialist and a voracious reader. When he's not writing, he's either programming or playing video games.


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