Question: What Is The Cheapest Brand New Car 2020?

What is the cheapest brand new car you can buy?

The 10 Cheapest Cars on Sale in the U.S.

Right Now2020 Chevrolet Spark LS, $14,395.2020 Mitsubishi Mirage ES, $14,990.2020 Nissan Versa S, $15,655.2020 Hyundai Accent SE, $16,270.2020 Toyota Yaris L sedan, $16,605.2020 Kia Rio LX, $16,815.2020 Honda Fit LX, $17,120.2019 Fiat 500 Pop, $17,990.More items…•.

How much should I spend on a car if I make 60000?

Some financial experts recommend setting your car-buying budget at half of your annual salary. If you look at the previous example of making $5,000 monthly, that will equate to an annual salary of $60,000. Half of that is $30,000. According to this rule, you can spend up to $30,000 on your upcoming car purchase.

How much can I spend on a car if I make 50000?

Monthly payments should be less than 10-15% of your take-home pay (after taxes) I used the neuvoo income tax calculator to figure out that a $50,000 salary means you take home $38,869. If we calculate 15% of that take-home pay, we end up at $5,830.35 or car payments of $485.86 per month.

What is the number 1 most reliable car?

Honda. At the top of the RepairPal Reliability Ratings list is Honda. Its well-known vehicles include the Honda Civic, which can be found as a sedan, hatchback, or coupe, depending on what model years you’re considering.

Which car brand has the best engine?

Here are the 10 best power plants for cars and why we didn’t call them enginesFord Mustang high-output 2.3L turbo. … GMC Sierra 3.0L turbodiesel I-6. … Honda Accord hybrid. … Hyundai Kona electric SUV. … Hyundai Sonata 1.6L turbo. … Mercedes-Benz GLE450 3.0L I-6. … Nissan Altima 2.0L VC-Turbo. … Ram 1500 3.6L eTorque V-6.More items…•

blackAccording to CarMax, the largest used car retailer in the U.S., black was the best-selling car color last year, accounting for 22.25 percent of sales, followed closely by white at 19.34 percent of sales, gray (17.63 percent), and silver (14.64 percent).

What is a normal monthly car payment?

The average car payment for a new vehicle is $554, and the average for a used car is $391. Keep in mind, though, these are averages—your car loan’s monthly payment will differ depending on your loan amount.

What’s the best SUV for the money?

Best SUVs for the Money2020 Honda CR-V. Starting at $25,150 MSRP. … 2020 Toyota RAV4. Starting at $25,950 MSRP. … 2020 Mercedes-Benz GLA. Starting at $34,250 MSRP. … 2020 Lexus NX. Starting at $36,720 MSRP. … 2020 Ford Explorer. Starting at $32,765 MSRP. … 2020 BMW X3. Starting at $41,950 MSRP. … 2020 Cadillac XT5. Starting at $44,095 MSRP.

How much is too much for a car payment?

Whether you’re paying cash or financing, the purchase price of your car should be no more than 35% of your annual income. If you’re financing a car, the total monthly amount you spend on transportation—your car payment, gas, car insurance, and maintenance—should be no more than 10% of your gross monthly income.

In fact, more than half of the cars sold in this group were either blue (36.80%) or red (36.58%). Less-popular choices included brown (8.28%), gold (5.51%), green (5.15%), and tan (3.41%). If you really want your car to stand out in a crowded parking lot, choose orange (2.13%), purple (1.22%), or yellow (0.90%).

Which car brand has least problems?

The 10 car brands that give owners the fewest issues Hyundai Motor Group took the top three spots with its Genesis, Kia, and Hyundai brands for the second year in a row. Ford and Toyota each had two brands make the top 10.

How much should a new car cost?

What’s the average price of a new car? Of course, the amount of money you’ll spend on a new car will come down to your financial situation and your personal choice. On average, as mentioned before a new car will cost you around $30,000.

What is the best SUV for the price?

10 Best SUVs for the Money2021 Kia Seltos. All-new for 2021, the Kia Seltos is an affordable subcompact crossover that avoids feeling either tiny or cheap. … 2020 Mazda CX-30. … 2020 Honda CR-V. … 2020 Subaru Outback. … 2020 Kia Telluride. … 2020 Dodge Durango. … 2020 Mercedes-Benz GLB 250. … 2020 Tesla Model Y.More items…•

What is the safest car color?

whiteOverall, the study showed that white is considered the safest car color, while black is the most dangerous color. In other words, the study confirmed that the darker the vehicle, the less visible it is when compared to the background, and the more dangerous it its.

Which car color fades the fastest?

What color car paint fades the fastest?Under most circumstances, red fades the fastest of all visible colors. Short-wavelength light such as blue or violet has greater energy than lower-wavelength light, and red has the longest wavelength of visible colors. … One may also ask, does red car paint fade faster? … white seems to last the longest of any color.

Which SUV has lowest maintenance cost?

10 of the Cheapest SUVs to Maintain2020 Hyundai Venue. … 2021 Kia Seltos. … 2020 Nissan Rogue. … 2020 Toyota RAV4. … 2020 Subaru Outback. … 2020 Toyota Highlander. … 2020 Jeep Wrangler. … 2020 BMW X1.More items…•

What is the average price for a new car in 2020?

18, 2020 /PRNewswire/ — The valuation analysts at Kelley Blue Book today reported the estimated average transaction price for a light vehicle in the United States was $37,851 in January 2020. New-vehicle prices increased $1,296 (up 3.5%) from January 2019, while falling $806 (down 2.1%) from last month.

What is the cheapest brand new SUV?

The Cheapest New Crossovers and SUVs of 20202020 Mitsubishi Outlander Sport | $23,935. … 2020 Mitsubishi Outlander Sport | $23,935. … 2020 Jeep Renegade | $23,870. … 2020 Jeep Renegade | $23,870. … 2020 Jeep Compass | $23,795. … 2020 Jeep Compass | $23,795. … 2020 Subaru Crosstrek | $23,155. … 2020 Subaru Crosstrek | $23,155.More items…•

What is the most reliable car for 2020?

Most Reliable New Cars: 2020 ModelsHonda Fit. Roy RitchieCar and Driver. … Mitsubishi Mirage. With prices starting around $15,000, Mitsubishi’s smallest vehicle is one of the most affordable new cars on the market. … Nissan Sentra. … Chevrolet Spark. … Volkswagen Jetta. … Hyundai Elantra. … Kia Rio. … Kia Forte.More items…•

What is a reasonable price for a car?

The frugal rule: 10% of income For many people, I think that will be between 10–15% of your income. So if you earn $25,000 a year, that’s going to be a high-mileage used car for $2,500–$3,000. If you earn $80,000, that’s a used car for around $10,000 or $12,000.