It is nearly impossible to purchase a new car for under $20,000 in the US.
AdvertisementAdvertisementThose looking to buy a new car on a budget are in a worse position than they would have been just five years ago.
With prices — new and used — having soared since the pandemic, $20,000 is no longer much of a starting price for a new car.
(Though a few other new models have starting prices under $20,000, their actual purchase prices, with options and shipping, exceed that figure.)
AdvertisementAdvertisementHere are the five new vehicles with the lowest average selling prices in the United States, according to Cox.
Persons:
Michelle Krebs, Price, Tesla, Krebs, Cox
Organizations:
Mitsubishi, Morning, Cox Automotive
Locations:
United, United States