When we talk about affordability, the considerations do not just limit to the MSRP; it includes the discount that you get while purchasing, the interest you pay to the bank towards a car loan, insurance, taxes, annual fuel cost maintenance, depreciation are all integral part of affordability of a new or old car. Not to mention the initial payment you make, at the outset to bring home your dream car.
These vehicles can be so modest and simple at times, that you might even have to cough out more money just to get an automatic transmission, basic safety amenities like anti-lock, air conditioning and in some cases even a radio system. While you will get safety airbags in most of them, something like stability control might not be on the offer.
Here, in this top 10 list, we throw some light on top 10 affordable cars for 2012 and see what’s in stores for the non-business class budget minded buyers.
10 New Nissan Versa 2012 Edition
At a market price of just around $10,992, the 2012 Versa 4 door vehicle is arguably the cheapest of the upcoming models. It offers fantastic gas economy figures of 26mpg on city roads and 34mpg on highways and its 5 year running cost is calculated at around $8,456, which is amazing. Coming to the insurance cost; for five years you need to pay about $4,851.
Being a member of entry level vehicles, it offers spacious interior beating its native rivals Fit and Yaris. Six safety airbags are standard across all the three trim options, but for an optional ABS, you might have to shell out an extra $250. All the trim variants are powered by a modest 1.5 liter engine.
9Chevrolet’s 2012 Aveo5
The new 2012 Chevy Aveo5 can be a yet another awesome choice in this category. Its market price is $11,038 but its 5 year fuel cost is lesser than Versa, at $8,085. The cargo room is sufficient at 15 cubic feet and the interior is spacious for both front and rear passengers.
Features like OnStar Automatic Crash Response and safety airbags are standard but ABS is not available. The fuel economy is little better than Versa at 27mpg/35mpg on city/highway. On the downside, the crash tests have been nothing more than average and even the drivability is not very impressive. These are something we expect even in the cheapest of cars, don’t we!
This is one hell of an economic sporty hatchback that is excellent for city dwelling and at the same time offers enjoyable ride quality. Priced at just $14,625, the new 2012 Mazda2 Sport is value for money. One glance at the compact hatchback and you know it is from the house of Mazda, but do not mistake it just for a downsized Mazda3 because there is much more to it.
The vehicle is built on the same platform as Ford Fiesta and is one of the safest compact cars in the market with standard safety features like six airbags, traction and stability control, and ABS. As if this much was not enough, it even offers one of the best gas economy figures at 29mpg within city limits and 35mpg on freeways.
7 2012 Kia Rio 4dr
When we talk of affordable cars, how can we not mention a Kia. The 2012 Rio 4dr is a very deserving entry in this list. The market price of the vehicle is $11,824 and its 5 year fuel cost is not expected to surpass $8,085. Kia is one auto manufacturers that always offers something good to even the most budget minded users. Features like USB ports and auxiliary connections for music listening and Sirius Satellite Radio are standard, but you have to pay extra for the subscription of Sirius. Safety airbags are standard on the entry level model but higher trims also get ABS. Rio offers 28mpg on city streets and 34mpg on highways.
6Honda Insight Hatchback 2012 Edition
This Japanese hatchback can be slightly on the costlier side at a market price of $18,097 but we still put it here for the kind of value-for-money vehicle it is. This hybrid hatchback proves that hybrids will no more dry you out as the calculated 5 year service cost of the hatchback comes close to just $3,149.
2012 Honda Insight promises 40mpg on city roads and 43mpg on highways. Now isn’t that something we call affordable? There is more to this hybrid than just gas economy figures. Features like ABS, Traction and Stability control, Safety Airbags and an automatic transmission system are all standard.
5Smart Fortwo Coupe
The 2012 ForTwo Coupe is one hell of a competent vehicle in this category. The USP of the vehicle is its compact size, which fits in almost anywhere and thus it becomes a popular small car for small garages in Europe. The styling is different and unique, which gets a lot of attention. The vehicle can be fun for daily city dwelling and surprisingly it offers spacious interiors too.
On the downside the vehicle is relatively expensive at $12,490 for its size and features at hand. Well, it is not a very high price tag, but the fact is cheaper and bigger sub-compacts offer much more than this one. Within city limits the vehicle offers 33mpg and on highways it cam offer 41mpg.
4New Toyota Yaris
The direct injection technology in the 1.5liter 4 cylinder engine maximizes the gas economy of the new Yaris. On city roads, it can offer 29mpg and on highways the MPG goes up to 36mpg. This assures very low fuel cost over a period of 5 years when compared to it’s rivals.
The market price of this vehicle is $13,818 and its five year fuel cost is estimated to be around $7,737.
Being a Toyota, the vehicle’s depreciation is also low, which once again gives it an edge over its competitors. The best part about 2012 Toyota Yaris is that the important safety amenities like safety airbags, stability control and ABS are standard across the board, and you don’t need to shell out extra money on them.
32012 Ford Fiesta
This is one affordable vehicle that brings in premium features to the compact vehicle segment. Ford welcomes back Fiesta as 2012 Ford Fiesta edition. The vehicle is a perfect mix of affordability, smooth drivetrain and awesome on road handling. Even the entry level models get the complete line of important safety features like seven safety airbags, stability and traction control and ABS. The gas economy figures are 28mpg/37mpg on city/highways. You get all of these just for a market price of $13,212.
2New Hyundai Elantra
2012 Elantra is available both in sedan and coupe body styles. The pricing of this vehicle has not yet been officially announced but the coupe version is already considered as one of the best upcoming buys in affordable car segments.
The Number 1 Korean auto manufacturer has launched the coupe version for the first time and it was not a part for any earlier model year. With a move like this, the auto experts are already calling Hyundai, a new Honda, and it’s sure to dominate its segment in 2012.
1Kia Forte 2012 Edition
Yes we end the list with another Korean or rather another Kia, which is known for manufacturing the most affordable vehicles. 2012 Kia Forte is marketed in all body styles like sedan, hatchback and coupe. The starting MSRP of the sedan is $15,200, that of coupe is $17,200 and the hatchback is slightly costlier at $18,100; however it is the hatchback that offers best gas economy figures of 26mpg on city streets and 36mpg on highways.
The above mentioned top 10 affordable cars for 2012 cover the needs and requirements of different kind of budget oriented buyers. In other words there is something for everyone, so pick the one for you and save money while you drive your favorite car!