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20 Most Affordable Cars to Buy in America in 2023

Laiba Immad
13 min read

In This Article:

In this article, we will be taking a look at the 20 most affordable cars to buy in America in 2023. If you are not interested in reading the details, head straight to the 5 Most Affordable Cars To Buy In America In 2023.

Factors to Consider When Buying an Affordable Car 

When it comes to buying an affordable car, there are several factors that you should consider before making a decision. One of the most important factors is the condition of the vehicle. You want to ensure that the car you are buying is in good condition and will last you for many years.

Another essential factor to consider is the price of the vehicle. You want to ensure you get a good deal and not overpay for the car. In 2022, the average price of a new vehicle in the United States was approximately $48,681.

Fuel efficiency is another crucial factor to consider when buying an affordable car. According to the Environmental Protection Agency, the average fuel economy of vehicles sold in the United States in 2020 was 24.9 miles per gallon (MPG) for combined city/highway driving.  Finally, you should consider the safety features of the car. You want to ensure that the vehicle you choose has all the necessary safety features to keep you and your passengers safe while on the road.  The senior consumer advice editor and content strategist at Edmunds, Ronald Montoya, said: 

"Think about your actual needs, how long your commute is, how much you have to carry, and if you actually enjoy driving and might want something sporty. Avoid overbuying – you can probably get by with a smaller vehicle for most of your needs, and just rent something bigger once or twice a year, when you really need it."

Electric and Hybrid Options on a Budget 

If you're in the market for a new car and want to consider electric or hybrid options on a budget, you're in luck! There are more options than ever before for eco-friendly vehicles that won't break the bank. One option is the Nissan Leaf. Another option is the Toyota Motor Corporation (NYSE:TM)'s Prius C, known for its affordability and fuel efficiency.

The Ford Motor Company (NYSE:F)'s C-Max Energi is another excellent option. the Ford Motor Corporation (NYSE:F)'s C-Max Energi has a plug-in hybrid system allowing electric-only driving for short distances. The CEO Jim Farley was optimistic about Ford's trajectory when it comes to the EV industry. He made the following comments in a company's capital market meeting in May, 2023:

"But clearly, this transition to EVs is dynamic and so much more than just a change in propulsion. The number of global entrants is increasing even at the high end and the pricing pressure has dramatically increased in the past 60 days. Despite these puts and takes, we have confidence in the underlying trajectory of Ford’s business. Our portfolio of businesses is strong, thanks to businesses like Pro and Blue, and we are raising our estimated EBIT guidance this year to $11 billion to $12 billion.

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