What is the least expensive new car to purchase? It's been so long since I bought a brand new car, I don't know what the prices are anymore. The last new car I bought was an '88 Chevy Nova. I had it for 15 years. Great car.
2007-10-28 18:46:23 · 5 answers · asked by Margaret H 3 in Cars & Transportation ➔ Buying & Selling
With a new car you get a new car warranty. a lower interest rate, and a longer term on the loan; you can also be "upside down" for several years, owing more than the car is worth and unable to sell or trade it in. I think it's unconscionable that car finance companies are allowed to make loans for longer than the term of the warranty, but that's the car business.
If it must be both cheap and new, you can look at Chevy Aveos and Kia Rios; both are Korean cars. Hyundai has some cheap cars too. The value drops like a stone the minute you take posession of the car, like any new vehicle.
For the same price as the cheapest new car, you can get a late-model used car that will last longer and sell for more when it's paid off. I'm not a bit shy about buying "fleet" cars that are just out of lease, you can save a bundle, and they sometimes come with a substantial bit of the original warranty left. Look into "grandpa cars," fleet 4-door Buicks and Pontiacs, Mercurys and Lincolns in that same $10,000 to $15,000 price range. Avoid used flashy "hot cars," they've usually been driven excessively hard and maintained poorly, if at all.
2007-10-28 19:24:48 · answer #1 · answered by Beaugrand 3 · 0⤊ 0⤋
Kia, probably. But you'd do better to buy a used car with less than 10K miles and that's less than a year old. As soon as you drive a new car off the lot it goes down in value because it's used. Let some other idiot take that big initial hit and then buy-in for the long term.
Or, you know, be the person who takes the initial big hit for me when I buy my next car! :)
2007-10-29 01:50:33 · answer #2 · answered by Keep On Trucking 4 · 0⤊ 0⤋
I think the Kia Rio and Chevy Aveo are the cheapest cars in the US
2007-10-29 01:58:32 · answer #3 · answered by Nate K 3 · 0⤊ 0⤋
maybe a holden or chevrolet in usa
it is a reliable car with alot of history and safety features like side air bags and pretty cheap
2007-10-29 01:53:30 · answer #4 · answered by Anonymous · 0⤊ 0⤋
go to a ford dealer tomorrow morning. theyll give you over 4000 dollars rebate on brandnew focuses. you could get one out of the door for 13K!
2007-10-29 02:03:50 · answer #5 · answered by Anonymous · 0⤊ 0⤋