The average transaction price of a new car has been falling since peaking during the pandemic, but it still hovers near $50,000. That may be affordable for the wealthy, but most people can’t afford to spend that much on a car. The good news is, Even though you can’t buy a new car for under $20,000 anymoreYou can still get a lot of value for under $25,000.
But if you’re looking for a budget new car, you don’t want to just buy the cheapest thing on the lot. Instead, our friends at Consumer Reports have compiled a list of 10 “cheap” cars that they highly recommend. Even better, some of them are selling—on average—for less than MSRP. Let’s take a look at what made the cut.
