In the modern economy, most goods are rising in price while wages often don’t see much improvement. Now, the average sedan is priced between $25,000-35,000, and a good truck or SUV can easily set you back by at least $30,000 brand new. The good news is that there are still plenty of options available for under $16,000.

 

Nissan Versa Sedan

The Nissan Versa Sedan starts at just under $12,000 and has no problem attaining 36 mpg on the highway and 27 mpg in the city from its 109 horsepower 1.6-liter four-cylinder engine. It offers some basic features in the standard package, such as a Bluetooth hands-free phone system, air conditioning, and cloth seats. What it lacks in the standard setup can be added for a few extra dollars, such as a first-aid kit, floor mats, and chrome accents. It’s a fairly basic car overall, but for that price and mileage, it’s definitely worth a look. More features and prices for the added extras can be viewed at the Nissan website.

Nissan Versa SedanSource

Mitsubishi Mirage ES

For a starting price of $13,000, Mitsubishi offers the Mirage ES. It sports a 1.2-liter three-cylinder engine from which they’ve somehow managed to generate a staggering 43 mpg on the highway. The features included in the standard equipment for the ES are incredible. Without any added accessories, the ES has halogen headlights, chrome accents, a micron air filtration system, keyless entry, hill start assist, ABS, and traction control, and nearly everything imaginable is electronically controlled. This is a total-package kind of car at a price that can’t be ignored. For a complete list of all of the included features, go to the Mitsubishi website.

Mitsubishi Mirage ES

Chevrolet Spark

The Spark hits the market with a base price of $13,000 and manages up to 38 mpg on the highway with a 1.4-liter I4 engine. As a small hatchback, it can still fit four adults and a total cargo capacity of 27.2 cubic feet. Some standard features you’ll find are a 7-inch color touchscreen that can sync with your mobile device, ABS, hill start assist, bucket seats, and seven airbags. It is also the cheapest car on the market that offers a rear-vision camera as part of its standard equipment package. With features such as these, it’s easy to see why the Spark was awarded J.D. Power’s Highest Ranked City Car in Initial Quality for 2016.

Chevrolet Spark

Ford Fiesta S Sedan

The Fiesta has been around since 1976, but it did not make its way to North America until 2010. By then, it had already become Ford’s best-selling car model in history, and there’s a good reason for that. The Fiesta is built with style and meant to be fun and affordable, with a list price of $13,660 and room for five adults to sit comfortably inside the cabin. The Fiesta comes with a 1.6-liter I4 engine that can squeeze out a comfortable 31 combined mpg with the automatic transmission. It has an LCD multifunctional message center, carpeted floor mats, and halogen headlights. Check the Ford website to browse the available Fiesta variations and optional packages.

Ford Fiesta S SedanSource

Fiat 500

Since Fiat’s recent purchase of Chrysler, Fiat dealerships have opened their doors in the US for the first time since 1983 and their sales have taken off. Their most popular car is the Fiat 500, providing consumers in the US with wonderful Italian styling and design available at a reasonable price of $15,000. For this price, the 500 includes a 1.4-liter I4 engine capable of up to 38 mpg on the highway, keyless entry, an Alpine audio system, a 7-inch customizable digital display cluster, and a 5-inch touchscreen entertainment center. Another wonderful perk of the Fiat 500 is that it is nearly entirely visually customizable. For more information and tools with which to design the 500 exactly how you want, go to the Fiat website.

Fiat 500

Kia Rio

The Rio is another hugely popular affordable car in the US. It allows the driver to experience the comfort usually found in luxury cars for just $14,000.

The Rio is capable of a combined mpg of 31 with a six-speed manual transmission and its 1.6-liter I4 engine. It has incredibly comfortable cloth seats, several cup holders, traction control, ABS, seating for five people, and 13.7 cubic feet of storage space in the trunk.

Kia Rio

Hyundai Accent SE

The Accent starts at $14,745 with a six-speed manual transmission and a 1.6-liter four-cylinder engine that is capable of an EPA estimated combined 31 mpg. It features cloth seats, external temperature display, external chrome accents, and keyless entry. The Accent also has room for five adults and a total interior volume of just over 103 cubic feet. There is also a hatchback model for an additional $250 that offers a little extra cargo and passenger room.

Hyundai Accent SE

Smart FourTwo

The FourTwo is the ultimate city cruiser thanks to its size, maneuverability, and price. For $14,650, the FourTwo is a car that can fit nearly anywhere you need it to fit. Although it looks small on the outside, it has a surprising amount of usable space on the inside, especially if you fold the passenger seat out of the way. Its 900cc turbocharged three-cylinder engine is good for 34 mpg combined, and it contains automatic climate control, eight airbags, and a 3.5-inch color display in the instrument panel.

Smart FourTwo

Toyota Yaris

Starting at just over $15,000, the Yaris has a 1.5-liter four-cylinder engine with a five-speed manual transmission as standard and can attain a combined 33 mpg. In terms of comforts and features, it is equipped with a 6.1-inch touchscreen entertainment center, cloth seats, halogen headlights, and 15.3 cubic feet of dedicated cargo space. It doesn’t slack on safety, with lane assistance, collision sensors, ABS, traction control, built-in crumple zones, high-strength steel body panels, and seatbelt pretensioners all coming in the standard package.

Toyota Yaris