50 Best Car Economy
The best economy cars should be considered when money is limited but you still want a new vehicle. These are the options that will be kind to your wallet while giving you demonstrable advantages over the competition.
We're talking about one of the biggest investments you'll ever make, despite the fact that all of the cars listed here are priced below $20,000, with many being considerably less. Therefore, you'll want to get the most out of your money, and these cars enable you to achieve that.
However, the purpose of today's honor roll is to demonstrate that you don't need to believe us. To find out which entries are at the top of their lists, we contacted some third-party vehicle raters who receive the most attention in the market. See for yourself by reading on.
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Compact and subcompact vehicles that are within the realm of affordability are typically sedans, coupes, and hatchbacks. Although performance models might cost over $30,000 with extras, this class is fundamentally about small, affordable cars.
Many compact automobiles offer excellent fuel efficiency and snappy handling due to their lightweight. Their size also makes them excellent city vehicles that are simple to manage and park in confined locations.
The interiors of the best tiny automobiles also set them apart. Even though they appear little on the exterior, critics prefer vehicles with competitive luggage capacity and back seats large enough for adults.
2023 Hyundai Elantra Hybrid
Should I Purchase a Hybrid Hyundai Elantra 2023?
If fuel economy is one of your top objectives, the Elantra Hybrid is worth a look since this Hyundai offers some of the most significant fuel economy estimations in the hybrid car class.
Due to its lengthy list of standard amenities and respectable overall performance, this car also offers fantastic value as long as you don't mind the plasticky cabin and slightly noisy engine.
How Much Will a Hybrid Hyundai Elantra Cost in 2023?
The base Blue model of the 2023 Elantra Hybrid costs $24,400. The most expensive Limited variant starts at $29,000.
Chevrolet Spark – $14,595
Chevy will no longer offer the Spark in 2023 because the vehicle is being axed without a direct successor. However, the Spark is a fantastic deal and has been America's least expensive new car since 2020. The smallest version of the engine, a 98-hp inline-four, comes standard with a five-speed manual transmission.
The Spark's nine-gallon gasoline tank is inexpensive to fill and offers an EPA-estimated 38 mpg on the interstate. Regrettably, the Spark is severely lacking in basic safety features. Without additional payment, there is no autonomous emergency braking or forward collision warning. Also optional is cruise control.
Cost-basis: $14,595
EPA combined/city/highway fuel economy: 33/29/38 mpg
Warranty: One free maintenance visit for the first year, 5-year/60,000-mile powertrain, 3-year/36,000-mile limited.
2023 Kia Forte
Do I need to purchase a 2023 Kia Forte?
If you want a fuel-efficient, feature-rich compact car that won't break the bank, the Forte is a wonderful choice. Additionally, it gives the class a good amount of passenger and cargo room. The Mazda3 delivers a more premium cabin and better overall performance if you can live with fewer interior and cargo capacity.
In terms of passenger and baggage room, the Honda Civic is comparable to the Ford Forte, but it offers even superior fuel efficiency and driving performance. Be aware that the Mazda3 and Civic are also more expensive than the Forte, and higher-trim models can cost over $30,000.
What Will a 2023 Kia Forte Cost?
The base LX model of the 2023 Forte costs $19,490, while the midrange LXS and GT-Line trims start at $19,990 and $21,690, respectively. Starting at $24,190 is the GT variant, which boasts a 201-horsepower engine. Prices for the GT Manual start at $24,890.
Mitsubishi Mirage – $16,125
Nearly the most affordable new automobile in America is the Mitsubishi Mirage. The same three-cylinder, 78 horsepower engine powers both the Mirage hatchback and Mirage G4 sedan. The stock transmission is a five-speed manual. Our most recent test Mirage, which had a CVT, required 12.8 seconds to accelerate to 60 mph.
You must flatten the right pedal for 35.6 seconds in order to reach 90 mph. The Mirage also needs more than a quarter of a mile to reach 75 mph. But the savings happen right away.
Cost-basis: $16,125
EPA combined/city/highway fuel economy: 36/33/41 mpg
10-year/100,000-mile and 5-year/60,000-mile limited warranties are available.
Nissan Versa – $16,205
Numerous safety features are included as standard equipment on the Nissan Versa, including automatic high beams, lane-departure warning, and front and rear emergency braking.
The base S model comes with a standard five-speed manual transmission and a 122-hp inline-four engine that drives the front wheels.
If it helps, folks who spend close to $20,000 on a Versa SR or SV have the same amount of horsepower, but with a dull CVT. When compared to the CVT's 40 mpg on the highway, the manual transmission gets an EPA-estimated 35 mpg on the highway.
Cost-basis: $16,205
EPA combined, city, and highway fuel economy is 30/27/35 mpg.
3-year/36,000-mile limited warranty and a 5-year/60,000-mile powertrain warranty are provided.
2022 Toyota Corolla
Do I need to purchase a Toyota Corolla?
If you're looking for a new vehicle, the 2022 Toyota Corolla is a viable option. It is recognized for its dependability and is a comfortable car to drive. It is also fuel-efficient and packed with standard safety and technology features.
The Corolla's initial price of about $20,000 is comparable to that of its competitors in its class. In light of this, you might want to consider the sporty Mazda3, the affordable Kia Forte, the well-rounded Honda Civic, and the cutting-edge Hyundai Elantra.
What Is the Price of a Toyota Corolla?
The starting price of the 2022 Toyota Corolla is $20,075, which is approximately typical for the compact car segment. The top-of-the-line Corolla XSE Apex Edition costs $28,360.
Kia Rio – $17,275
The Kia Rio works with two body types. The five-door hatch is $940 more expensive than the sedan. The Rio's only drivetrain, a 120-hp inline-four with a CVT, solely drives the front wheels.
Its tiny size makes it enjoyable to drive around curves with good body control, but the sluggish steering serves as a quick reminder of its low price. Since the Rio earns an EPA-estimated 33 mpg in the city and 41 mpg on the interstate, gas stations despise them.
Cost-basis: $17,275
EPA combined/city/highway fuel economy: 36/33/41 mpg
Warranty: 5-year/60,000-mile limited warranty and a 10-year/100,000-mile powertrain warranty.
Hyundai Accent – $17,690
You've probably ridden in a Hyundai Accent on a recent Uber ride or rented one from an airport, but neither of those experiences would make you want to buy one.
The Accent is sort of propelled by a 120-horsepower four-cylinder and CVT. One of the slowest cars we tested in 2021 was the final Accent, which reached 60 mph in 8.9 seconds.
Cost-basic: $17,690
EPA combined/city/highway fuel economy: 33/29/39 mpg
10-year/100,000-mile powertrain warranty, 5-year/60,000-mile limited warranty, and 3-year/36,000-mile maintenance-free warranty.
2022 Toyota Prius
Should I buy a Prius from Toyota?
If you want a reasonably priced, fuel-efficient vehicle that is also an excellent value, you should buy a Prius. A base model sells for less than $25,000 and has a tonne of entertainment and driving assistance technology.
It is simple to understand why the Prius has a lot of appeal as a commuter or family vehicle when you consider the usefulness provided by a sizable hatchback cargo area and adult-friendly seating.
What Is the Price of the Toyota Prius?
One of the more affordable hybrid vehicles to enter the market is the Toyota Prius from 2022. The starting MSRP for the L Eco base trim is $24,525, while the middle trims are sold for $25,735 and $28,745. The most expensive Prius Limited costs $32,820.
Subaru Impreza – $19,790
The Subaru Impreza is now the cheapest AWD vehicle on the market. A 152-hp flat-four with a five-speed manual transmission provides the power. With an EPA-estimated 31 mpg highway fuel economy, its lack of urgency results in higher fuel efficiency.
Cost-basic: $19,790
EPA combined/city/highway fuel economy: 26/23/31 mpg (Manual)
3-year/36,000-mile limited warranty and a 5-year/60,000-mile powertrain warranty are provided.
Kia Forte – $20,115
The top-selling vehicle for the Korean manufacturer is the Kia Forte. The Forte's base engine is a noisy 147-hp inline-four, yet the EPA estimates that it achieves an astonishing 41 mpg on the interstate.
Additionally, the Forte has a bigger petrol tank than the Honda Civic and Volkswagen Golf, allowing it to travel 490 miles between fill-ups, according to the EPA.
Cost-basis: $20,115
EPA combined/city/highway fuel economy: 35/31/41 mpg
Warranty: 5-year/60,000-mile limited warranty and a 10-year/100,000-mile powertrain warranty.
Hyundai Venue – $20,245
The entries in the subcompact sector are piled high. While many of them are sleep-inducing, some of them are fantastic. At least the Hyundai Venue is reasonably priced. A 121-hp inline-four with a CVT provides the power.
Fighting tiny machines seems pointless, but the Venue accelerates from 0 to 60 mph in 1.1 seconds less time than the more expensive Nissan Kicks and 2.4 seconds less time than the Toyota C-HR.
Cost-basis: $20,245
EPA combined/city/highway fuel economy: 31/30/33 mpg
10-year/100,000-mile powertrain warranty, 5-year/60,000-mile limited warranty, and 3-year/36,000-mile maintenance-free warranty
Kia Soul – $20,505
The only car on this list with two 10Best honors is the affordable Kia Soul. It has a low pricing, large cargo capacity, and an inline-four engine with 147 horsepower and a continuously variable gearbox (CVT) that doesn't feel underpowered.
Cost-basis: $20,505
EPA combined, city, and highway fuel economy is 27/25/31 mpg (2.0L)
Warranty: 5-year/60,000-mile limited warranty and a 10-year/100,000-mile powertrain warranty.
Nissan Sentra – $20,635
The Nissan Sentra has several basic safety features, but it won't blow you away with excitement. A 149-hp inline-four engine and CVT are located under the hood.
In comparison to other vehicles on this list, the most recent Sentra we tested walked to 60 mph in 8.9 seconds. Even the top-tier Sentra SR trim starts below the Honda Civic's base price, though it isn't as enjoyable to drive.
Cost-Base: $20,635
EPA combined/city/highway fuel economy: 33/29/39 mpg
3-year/36,000-mile limited warranty and a 5-year/60,000-mile powertrain warranty are provided.
2022 Toyota Corolla Hybrid
Should I Purchase a Hybrid Toyota Corolla?
The Toyota Corolla Hybrid is a desirable option due to its affordable starting price, extensive list of standard equipment, and excellent fuel efficiency. Before making a decision, you should compare the Honda Insight and Toyota Prius, which are both roomier.
The cost of the Toyota Corolla hybrid.
One of the most affordable cars in the hybrid car class is the 2022 Toyota Corolla Hybrid, which has a starting price of $23,650. There is only one trim level and a limited number of packages and add-ons available, so there won't be many variations in this Toyota's price.
2022 Hyundai Ioniq
The Hyundai Ioniq: Should I Buy It?
If fuel efficiency is at the top of your new car shopping list, you should take a look at the 2022 Hyundai Ioniq. Compared to almost all other vehicles on the road today, the Ioniq can travel more miles per gallon of gas.
Additionally, it is reasonably priced and well-furnished. However, if you're looking for a hybrid vehicle with a softer ride, you might want to consider the Honda Insight, Toyota Corolla Hybrid, or the brand-new Hyundai Elantra Hybrid.
What Is the Price of the Hyundai Ioniq?
The base price of the 2022 Hyundai Ioniq hybrid is $23,600, which is among the lowest in its class of hybrid vehicles. The base plug-in hybrid model costs $26,800 more. Both cars' highest trims cost $31,600 and $33,250, respectively.
2022 Kia Rio
Must I purchase a Kia Rio?
The Kia Rio stands out from the competitor's thanks to its appealing features and average starting price. However, before making a final decision, we advise comparing more complete cars like the Nissan Versa and Hyundai Accent.
What Is the Price of the Kia Rio?
Starting at $16,150, the 2022 Kia Rio LX sedan is reasonably priced for a subcompact car. Starting at $16,790 is the S sedan. There is only one S trim for the Rio hatchback. It has a $17,090 beginning price.
Honda Civic $24,650
Our Best Economy Car To Buy 2022 is the Honda Civic, although the revamped compact sedan and hatchback hardly feel or look like a low-cost vehicle.
The 11th-generation model trades the youthful exuberance of the previous generation for more conservative and confident ends, while the interior ditches the tattoos and piercings in favor of a chainmail belt across the dash, sharp but undetectable swatches of metal accents, and an optional 9.0-inch touchscreen.
Hyundai Sonata
The Toyota Prius is no longer the only vehicle with exceptional fuel efficiency. The Prius is one of the best hybrids, but the best hybrids also maintain a level of flair, class, and refinement that is absent in Toyota's drab trailblazer.
The Car Connection had a five-way tie for the Best Hybrid To Buy in 2022 based on our evaluations, but the Hyundai Sonata wins thanks to its 52 mpg combined EPA rating.
Other Lists Continue Best Economy Car
Toyota Corolla
Subaru Impreza
Hyundai Elantra GT
Mini Cooper
Nissan Sentra SE-R
Honda Civic Hatchback
Honda Accord
Volkswagen Up!
Suzuki Jimny
Ford Fiesta
Kia Rio
Kia Soul
Honda Insight
Chevrolet Spark
Chevrolet Sonic
Volkswagen Golf
Volkswagen Jetta
Mazda 3
Honda Fit
Fiat 500
Jeep Renegade
Toyota Yaris iA
Acura TLX
Hyundai Veloster
BMW i3