Top 5 cheapest cars for 2023

Saving money buying a car does not have to be difficult if you choose well For example, you can choose one of the cheapest new cars on the market selected by Take a look at the five best cheap cars for 2023, like the Nissan Versa SV and Kia Rio S, which offer much of the value of the 2022 model year.

These five cars offer the best value for money for 2023according to the latest affordability report.

2023 Kia Rio

Considering the median starting price of around $21,000, these vehicles definitely qualify as cheap on the new car market. Nevertheless, the 2023 Kia Rio S, and its 2022 predecessor, offer a competitive warranty and an attractive starting price to secure the top spot.

2022 Kia Rio
Kia Rio.
Credit: Kia | Courtesy

Kia isn’t discontinuing its Rio sedan and hatchback just yet. Instead, the 2023 Kia Rio heads into the new model year with essentially no changes. The Rio starts at around $20,000 with one of the lowest annual fuel costs in the segment at $1,400. Plus, the Kia model’s five-year, 60,000-mile warranty offers much more peace of mind than comparable models.

nissan versa

The Versa SV incorporates a continuously variable transmission (CVT). Also, adds features like Android Auto, Apple CarPlay, heated mirrors, wireless device charging, and a split-folding rear seat. Plus, the SV keeps the 7-inch touchscreen from the S model.

2023 Nissan Versa
Nissan Versa 2023.
Credit: Nissan | Courtesy

The Nissan Versa S with manual transmission is one of the cheapest cars on sale today. Nevertheless, considers the better-equipped Versa SV to be better value for money.

nissan sentra

The Nissan Versa is dimensionally different from the sentra, as it is about seven inches shorter and about three inches narrower. Also, The 2022 Nissan Sentra S has a 2.0L four-cylinder engine that produces about 149 horsepower, about 29 more than the 2023 Versa SV.

Nissan Sentra.
Credit: Courtesy

Plus, with a median price of around $21,380, the Sentra S is an excellent value in the new car market.

Kia Forte LXS

The 2023 Kia Forte LXS is the second Forte trim offering, adding split rear seats and larger 16-inch wheels to the entry-level LX platform. On the other hand, TrueCar says that the LXS starts at around $21,085 and is backed by Kia’s long-term warranty.

2021 Kia Forte
Kia Forte.
Credit: Kia Media | Courtesy

It’s no surprise that the LXS lands a spot on’s list of cheap, high-value cars.

nissan kicks

Although the 2023 Nissan Kicks S earned a spot on the list of best cheap cars for value, it’s worse on snow than small SUV competitors like the Chevrolet Trailblazer and Ford EcoSport. Specifically, those models offer optional AWD and an intelligent 4WD system, while the Kicks does not.

Even so, The abundance of features in the Nissan Kicks S for its attractive starting price makes it a sensible choice for a list of cheap cars that offer the best value.

Nissan Kicks.
Credit: Nissan | Courtesy

Which of these cheap cars should you consider?

The 2023 Kia Rio S takes the top spot in the affordability report. With an industry-leading warranty, commendable fuel economy, and a competitive price, the Rio is a solid choice for economy car hunters.

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