The cheapest cars in America can be found by looking up transaction prices (what other people pay) rather than just looking for stickers on windows. In fact, in this rollercoaster car market, it’s not unusual to see cheaper cars. models that sell for a price higher than their sticker value.
In fact, when we analyze data each month to identify the best car deals, we find that car buyers pay a premium that adds $1,000 or more to the manufacturer’s recommended retail price, even for the cheapest models. , on the other hand, get a discount. ) Since auto loan interest rates now average around 7% for borrowers with smart credit scores, this can lead to significant prices in the long run.
To help members find the most productive car at the lowest cost, we analyzed the average transaction value of national new car data from TrueCar, a CR partner, and analyzed all models through their sales value. We then chose 10 models to highlight the quality of the product.
Below, you’ll find the models categorized based on transaction value (not MSRP), starting with the cheapest model, at $21,288. Because we’re quoting actual numbers, we’re listing the quick settings. Other versions of the models shown offer relatively similar values. with the same percentage above or below MSRP.
This month, eight of the ten models featured (from Buick, Hyundai, Kia, Mazda, Nissan and Toyota) are selling for a higher price than indicated on the label. Just beyond our top 10 is one notable exception: the Toyota. Camry. It’s about to be replaced with redesigned styling this spring. Current transaction values are at an MSRP discount of $705, making this 2024 Top Pick a wonderful value, especially compared to the smaller cars on the list. Available for all existing cars on their respective design pages, attached in the review boxes below.
Of course, local demands and lawsuits will influence a dealership’s willingness to reduce prices.
The list of the cheapest cars through Consumer Reports is available to CR members. If you are not already registered, you can access the list by clicking below and becoming a member.
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