The average transaction price of a new car has slowly been coming down since it peaked during the pandemic, but it’s still scarily close to $50,000. That might work for rich people, but most people can’t afford to spend that kind of money on a car. The good news is, even though you can’t get a new car for less than $20,000 anymore, you can still get a lot of value for your money for less than $25,000.
If you’re looking for an affordable new car, though, you don’t want to just buy the cheapest thing on the lot. Instead, our friends over at Consumer Reports put together a list of the 10 “cheap” cars it actually recommends. Even better, some are selling — on average — for less than MSRP. Let’s take a look at what made the list.
