Affordable Cars: The Ultimate List of Vehicles Under $25K

The Mitsubishi Mirage is currently the only new car in the US with an average purchase price under $20,000, while other cars may have starting prices below that threshold, their actual purchase prices after options and shipping exceed $20,000. In July 2022, the average transaction price for the Mitsubishi Mirage was $19,205. Small vehicles like the Kia Rio, Nissan Versa, Hyundai Venue, and Nissan Sentra all have average purchase prices over $20,000. The average price for a new vehicle in July was about $48,000.