“What’s the best deal on a cheap car?” or “What’s the best you can do on that car?” are probably the two most common questions that car dealerships hear on a daily basis. People need to get from point A to point B and look good while doing it, while not spending that much money. However as anyone with a microcosm of financial knowledge can tell you, cars are really expensive. Especially the ones that work well and have all the bells and whistles attached to them. Also, not to mentioned that cars nowadays need to be not only economical, but efficient as well. Unless you want to spend all your money at the pump, filling up your F-350 with $100 worth of gas, every two weeks. Luckily for us there are plenty of “new-ish” cars (post 2016) that could be had for less than $15,000, and conveniently enough I’ve picked the best 4 of these cars, in my opinion, of course.
2016 Hyundai Sonata
Hyundai’s entry level sedan may not turn heads but at a Motor Trend average price of $11,716, it will definitely make your wallet happy. Also being that it is a kind of compact sedan, it gets great mileage, clocking in at 25 MPG in the city and 36 MPG on the highway. A great choice for someone who wants good mileage along with a relatively new car still under warranty and cheap.
2018 Chevrolet Cruze
Now to be fair the Chevy Cruze isn’t a Ferrari in fact it’s not even a Honda Civic but if you’re looking for cheap then this is your car. For about $12,000 you can have a practically brand new car with out the brand new price tag. Like the Hyundai Sonata above this car gets pretty good gas mileage (most sedans tend to be in the 25/35 MPG range in my opinion). A good option for a starter car or something to get you from point A to point B.
2017 Volkswagen Golf
I have to admit I had other cars in mind when I was doing the research for this article. I can’t believe that a 2017 Volkswagen golf is worth under $15,000, but Kelley Blue Book, has the average dealer listing price as $13,900, so it makes the list. This car is much more sporty than the other two sporting about 170 horsepower and putting out 184 pounds of torque. Another great thing about the Golf is that it has good fuel economy getting 25 MPG in the city and 36 MPG on the highway.
2017 Jeep Compass
Finding a relatively new SUV for under $15,000 is a stretch. Cars under this price won’t have all the bells and whistles and will for sure put the small, in small utility vehicle. However getting an SUV for $12,968 (per Motor Trend estimate) is pretty sweet. Also it’s got the added bonus of being slightly bigger than the Jeep Renegade. Fuel economy is also pretty good for an SUV (partly because of it’s size) with 23 MPG in the city and 32 MPG on the highway.
There you have it. These car 4 great cars that will still be under warranty and cars that won’t break the bank. If you buy a car for $15,000 your car payment will be approximately $270 a month (assuming a 5 year loan at 3.11% interest). Which isn’t the perfect car payment (which is $0 by the way), but it’s a lot better than driving some beater around or driving in a car that you cannot afford.