Given the state of the economy, affordability is the current buzzword you’ve probably been hearing lately, especially when it comes to purchasing a new vehicle. You’ve probably even wondered if it makes better sense to buy a used car instead of going for a brand new one.
Fortunately, not only are there plenty of affordable cars out there on the market, these vehicles are also rather frugal when it comes to fuel consumption. By owning these cars, you won’t have to face the sting of gas prices every time you pull up to a pump; in fact, you won’t have to pull up to one as often.
Ten cars fit the bill when it comes to finding the most affordable and most fuel efficient to purchase. These vehicles offer the best in industry fuel economy, as well as plenty of the must-have features drivers expect:
1. Hyundai Accent
With a base price under $12,500 and equally low running costs for the first year, the Hyundai Accent is one of the most affordable cars on this list. It is also equally fuel efficient, since it is capable of achieving up to 30 mpg in city driving and 40 mpg on the highway. It doesn’t hurt that it is respectably peppy when equipped with a six-speed manual transmission.
2. Kia Rio
The Rio joins the list of impressive small cars that are not only affordable to purchase, but also affordable to run. When equipped with an automatic transmission, it’s capable of achieving 30 mpg in combined driving. Those who prefer a manual transmission will have to live with losing one mpg in combined driving.
3. Smart Fortwo Coupe
The tiny runabout demands a place on this list thanks to its compact size, equally compact price tag and its ability to squeeze out 41 mpg in city driving and a combined 36 mpg.
4. Toyota Yaris
While this vehicle isn’t as sporty as people expected it to be, it offers impressive Toyota reliability and an affordable MSRP of just over $14,000, while delivering an excellent 31 mpg in combined driving.
5. Ford Fiesta
Ford’s latest entry into the affordable compact market keeps making waves thanks to its dynamic styling, upscale materials and its excellent fuel economy. Buyers can expect an estimated 33 mpg with the automatic transmission and 32 mpg with the manual transmission.
6. Hyundai Elantra
Although it offers larger accommodations than the Accent, it still delivers an affordable price tag and a combined fuel economy of 33 mpg.
7. Kia Forte
With plenty of sporty cues to go around, this is the ideal compact runabout for budget conscious buyers. It also offers up to 34 mpg in highway driving.
8. Honda Fit
With an impressive combined fuel economy of up to 31 mpg, plenty of space and agility, the Fit is the way to go for an affordable set of wheels.
9. Toyota Corolla
The mainstay of affordable compact cars, it offers more of a luxurious touch with its softer road manners and excellent comfort. Like the Yaris, it offers 32 mpg in combined driving.
10. Nissan Sentra
The Sentra is Nissan’s long-running offering in the compact car arena, offering a price tag of under $16,500 and up to 30 mpg in combined driving.