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Best 9 New Cars Under $15000 To Buy In 2023 – Most Affordable Cars

Brand new cars under 15000

If you want to buy a new automobile but have less budget, we suggest you explore our list of new cars under $15000 in 2023. Finding a vehicle with a sticker price under 15k is no less than a challenge. 

Earlier, finding a car under $20k or $15k was an easy task. But in 2023, getting such a cheap car is no less than a miracle. If you are under a tight budget, do not think there are no new cars under this price tag.

Such affordable rides are not extinct. Some companies still make models at easy prices that eliminate the need to go for used cars.

During our research, we have found a few vehicles whose base variants you can buy easily under $15,000 without killing your bank balance. You can find detailed information about all those models in the following sections.

There was no surprise for us to find most automobiles were of subcompact class. Chevrolet, Mitsubishi, and Nissan are the top brands you will explore. Keep reading to find the nine brand-new cars under 15000 to buy in 2023.

Top Brand New Cars Under $15000: Affordable & Reliable

Finding the right ride on your own can be a frustrating task. To help you get started with your search to find an affordable ride for your daily commute, we have researched and found the nine best cars you can consider buying in 2023.

Check them out here:

  • 2021 Chevrolet Spark
  • 2020 Toyota Yaris
  • 2021 Mitsubishi Mirage
  • 2021 Nissan Versa
  • 2020 Kia Rio
  • 2020 Chevrolet Sonic
  • 2021 Hyundai Accent
  • 2020 Honda Fit
  • 2017 Kia Soul

The Best 9 New Cars Under $15000 To Buy In 2023: Experts Review

Buying an automobile, whether brand new or used, is a pricey event.  In current times owning a vehicle is a necessity that ain’t cheap. The more features you desire, the more you need to pay.

But if you do the smart work, you can find a vehicle with feasible features at a price that, in most cases, will not require you to take out a lump sum loan. So if you are a buyer who wants to purchase an automobile in 2023 but can not keep up with the rising car prices, we have some good news.

To all the car buyers under strict budgets, we have researched and found the top nine new cars for under 15000 in 2023. In addition, to ensure you are making an informed decision, we have reviewed each ride in detail, including key specifications and pros & cons.

Go through each model, explore, compare, and finalize a ride most suitable for you and your requirements.

1. 2021 Chevrolet Spark

Brand new cars under 15000
  • MSRP: From $13,400
  • Engine: 1.4 L 4-cylinder
  • Horsepower: 98 hp
  • MPG: Up to 30 city / 38 highway
  • Top Speed: 89 mph
  • Acceleration (0-60 mph): 9.2 to 15.4 seconds

The cheapest new cars for sale under 15000 is not a dream. You can buy a brand-new automobile at such a low amount, and the 2021 Chevy Spark is our first pick. The Chevrolet Spark is a compact car with many standard tech & safety features for a low price.

It is powered by a 1.4-liter four-cylinder engine paired with front-wheel drive and CVT or 5-speed manual transmission to produce 98 hp. This model has four offered trims: LS, 1LT, ACTIV, & 2LT. LS is the most affordable of the four, starting from $13,400.

The compact size makes maneuvering the ride easy. But when it comes to space, the small size becomes an issue. The second row is cramped, and the cargo hold is tiny. In addition, the cabin quality is so-so, and the acceleration is okay, given the engine specifications and price tag.

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However, the infotainment system is impressive. It boasts a 7″ touchscreen, Android Auto, Apple CarPlay, Bluetooth, 2 USB ports, voice recognition, 4-speaker stereo, and a Wi-Fi hot spot as standard.


  • Low base price
  • Easy to maneuver
  • Feature-rich entertainment system
  • GOOD safety rating from IIHS


  • Cramped second row
  • Low cargo space
  • Mixed cabin quality

2. 2020 Toyota Yaris

New cars for sale under 15000
  • MSRP: From $15,650
  • Engine: 1.5 L 4-cylinder
  • Horsepower: 106 hp
  • MPG: 32 City / 40 Highway
  • Top Speed: 143 mph
  • Acceleration (0-60 mph): 9.5 seconds

The 2020 Toyota Yaris is one of the best new cars under $16,000 2023 has to offer. This subcompact car is powered by a 1.5-liter four-cylinder engine paired with front-wheel drive and a 6-speed automatic transmission producing 106 hp.

The sporty handling makes the driving experience blissful, plus you can attain a top speed of 143 mph. Toyota offers three trims in the Yaris lineup: L, LE & XLE, ranging from $15,650 to $18,750.

There are a lot of standard features to make your ride comfortable. Connectivity features like Apple CarPlay and Android Auto are standard. The interior is handsome and filled with many safety & entertainment features.

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The only downside to this ride is its slow acceleration, which takes about 9.5 seconds to sprint from zero to 6o mph.


  • Good quality interior
  • Nimble handling
  • Plenty of standard features
  • Stylish cabin space
  • Apple CarPlay & Android Auto are standard


  • Slow acceleration

3. 2021 Mitsubishi Mirage

New cars under 15000 with good gas mileage
  • MSRP: From $14,295
  • Engine: 1.2 L 3-cylinder
  • Horsepower: 78 hp
  • MPG: Up to 36 city / 43 highway
  • Top Speed: 125 mph
  • Acceleration (0-60 mph): 10.4 to 11.1 seconds

Low prices can not get you high-end features, but they can offer practicality. The 2021 Mitsubishi Mirage is among the most practical rides, ideal for teenagers, single drivers, and beginners.

Also, it is one of the best new cars under 15000 with good gas mileage to buy in 2023. This compact car is powered by a small 1.2-liter three-cylinder engine paired with rear-wheel drive & 5-speed manual transmission producing 78 hp.

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The 2021 Mirage hatchback comes in four trims: ES, LE, Carbonite Edition, & SE, ranging from $14,295 to $16,445. This ride can seat five people but can get uncomfortable in the rear. 

The cabin quality is mediocre, but overall you get a good infotainment system, excellent gas mileage, and an affordable price.


  • Excellent gas mileage
  • User-friendly & well-equipped entertainment system
  • Refreshed exterior styling
  • Apple CarPlay, Android Auto, & forward collision mitigation systems are standard


  • Low engine power
  • Mediocre cabin materials
  • Unsupportive seats

4. 2021 Nissan Versa

Affordable new & used cars under 15000
  • MSRP: From $14,930
  • Engine: 1.6 L 4-cylinder
  • Horsepower: 122 hp
  • MPG: Up to 32 city / 40 highway
  • Top Speed: 113 mph
  • Acceleration (0-60 mph): 8.5 to 9.2 seconds

Another affordable compact car that made it to our list of small cars under $15,000 that you can consider buying in 2023 is the 2021 Nissan Versa. This model offers a nice interior, spacious cargo hold, and a smooth riding experience.

It is powered by a 1.6-liter four-cylinder engine paired with FWD and CVT or 5-speed manual transmission channeling 122 hp.

The engine is dull, which leads to a sluggish acceleration of 9.2 seconds. But it can attain a top speed of 113 miles per hour.

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However, the cabin quality is upscale. There are plenty of entertainment features like a 7″ touchscreen, a 4-speaker stereo, and Bluetooth as standard. Lastly, Nissan offers a long list of standard safety features with Versa to keep you safe on the road.


  • Good cabin quality
  • A long list of entertainment & safety features
  • Refine ride quality
  • Roomy trunk


  • Sluggish acceleration
  • The headroom in the rear is snug

5. 2020 Kia Rio

New cars under $15000 2023
  • MSRP: From $15,750
  • Engine: 1.6 L 4-cylinder
  • Horsepower: 120 hp
  • MPG: 33 City / 41 highway
  • Top Speed: 115 mph
  • Acceleration (0-60 mph): 9.2 seconds

The all-new 2020 Kia Rio can be yours for a starting price of $15,750. This subcompact delivers engaging ride quality, ample seating space, and great fuel efficiency.

2020 Rio is powered by a 1.6-liter four-cylinder engine paired with front-wheel drive and continuously variable transmission producing 120 hp.

The cabin space is attractive, comfortable, and spacious. The handling is quite nimble and offers you an easy-going ride. With this car, you get excellent fuel economy with 33 mpg in the city and 41 mpg on the highway.

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The entertainment system is quite user-friendly. You get a standard 7″ touch screen, a 6-speaker stereo, Apple & Android connectivity, Bluetooth, and Siri Eyes Free.

In addition, your safety is secured with many advanced safety features. A rearview camera is standard, a necessity in current high-traffic times.


  • Attractive & comfortable cabin space
  • Agile handling
  • Excellent fuel economy
  • User-friendly infotainment system


  • Low-advanced safety features

6. 2020 Chevrolet Sonic

Reliable new cars under $15000
  • MSRP: From $16,720
  • Engine: 1.4 L 4-cylinder
  • Horsepower: 138 hp
  • MPG: 26 City / 34 Highway
  • Top Speed: N/A
  • Acceleration (0-60 mph): 9.1 to 9.2 seconds

Another new car for 15,000 or around this price tag is the 2020 Chevrolet Sonic. The 2020 Chevy Sonic is a subcompact car powered by a 1.4-liter four-cylinder engine paired with FWD and a 6-speed automatic producing 138 hp.

This ride offers fun driving dynamics, sporty handling, ample seating space for five people, and a roomy cargo room to hold their luggage.

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The infotainment is very user-friendly. A 7″ touchscreen, a 4-speaker stereo, Android Auto, Apple CarPlay, Bluetooth, & Wi-Fi hotspot are standard.

There are many safety features available with a rearview camera as standard. Lastly, three trims are available: LS, LT, & Premier, and you can buy the base one for around $16,720.


  • Roomy seating
  • Upgraded & easy to use infotainment system
  • Ample cargo space
  • Sporty handling


  • Many competitors offer better fuel economy
  • Unimpressive cabin materials

7. 2021 Hyundai Accent

New cars under $15000 toyota
  • MSRP: From $15,395
  • Engine: 1.6 L 4-cylinder
  • Horsepower: 120 hp
  • MPG: Up to 33 city / 41 highway
  • Top Speed: 120 mph
  • Acceleration (0-60 mph): 8.7 to 9.3 seconds

While finding new cars under 10k is nearly impossible, getting them under a $15k price tag is still feasible. The 2021 Hyundai Accent is a great choice for you to consider in 2023.

This compact car has a 1.6-liter four-cylinder engine under its hood paired with Front-wheel drive and CVT or 6-speed manual transmission producing 120 hp.

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With this car, you get plenty of seating space for five people, a basic yet user-friendly infotainment system, and a good reliability rating.

The cargo hold in Accent is limited, but the cabin is quite roomy. Despite the underpowered engine, the fuel economy is good, especially with CVT.

Furthermore, a 5″ touchscreen, 4-speaker audio system, Siri Eyes Free, Bluetooth, & USB port are all standard. There are many advanced features for safety, and the rearview camera is standard.


  • Spacious interior
  • Impressive predicted reliability ratings
  • Easy-to-use tech & entertainment features
  • Above-average fuel economy


  • The cargo space is limited
  • Ride quality is unstable on rough roads or terrains

8. 2020 Honda Fit

Best brand new car under 15000
  • MSRP: From $16,190
  • Engine: 1.5 L 4-cylinder
  • Horsepower: 128 to 130 hp
  • MPG: Up to 33 city / 40 highway
  • Top Speed: 115 mph
  • Acceleration (0-60 mph): 8.6 seconds

Another Kia for you to explore under a tight budget is the 2020 Kia Rio. This subcompact car has a 1.5-liter four-cylinder engine producing up to 130 hp. 2020 Rio delivers an engaging ride and poised handling.

The interior comprises cloth upholstery offering good quality. There is impressive space for five people, given its size.  The overall seating is attractive & comfortable, especially the driver’s seat, which is manually adjustable.

For 2020, a 7″ touchscreen is standard with Android Auto, Apple CarPlay, a 6-speaker stereo, Bluetooth, & Siri Eyes Free.

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Also, Rio offers some of the best fuel economy numbers in the subcompact class. It is an efficient ride to consider in the long run.

Overall, the 2020 Rio is a budget-friendly ride that is nicely constructed and looks upscale with minimum hard plastic surfaces.


  • Attractive & comfortable cabin space
  • Agile handling
  • Excellent fuel economy
  • User-friendly infotainment system
  • Engaging ride quality


  • Minimal advanced safety features

9. 2017 Kia Soul

Brand new cars under 15000
  • MSRP: From $15,290
  • Engine: 1.6 L 4-cylinder, 2.0 L 4-cylinder
  • Horsepower: 130 to 201 hp
  • MPG: Up to 26 city / 31 highway
  • Top Speed: 90 mph
  • Acceleration (0-60 mph): 8.3 to 9.6 seconds

You can purchase the base-level trim of the 2017 Kia Soul for a starting price of $15,290. 2017 Soul was the best model in the subcompact class for that model year.

This ride comes with two four-cylinder engine options producing up to 201 horsepower. The interior is upscale, and there is ample seating and cargo space. Five adults can easily sit in it without feeling cramped.

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In addition, it has comfortable seating, a high predicted reliability rating, and excellent crash test scores. This vehicle’s only downside is a weak base engine and below-average fuel economy.

Otherwise, the refreshed exterior, plenty of standard safety features, and agile handling make it a knock-out deal.


  • Upscale interior
  • Ample seating room
  • Impressive cargo space
  • A new turbocharged engine is available


  • The base engine is slightly weak
  • Fuel economy is below average

Top FAQs About Affordable New & Used Cars Under 15000

Are there any affordable new & used cars under 15000 dollars?

If you have a budget to buy a car as low as $15,000, you can find a few brand-new but plenty of used car models. With people’s demands for high-end features, it is not easy for auto manufacturers to make a car that can cost this cheap.

Even if there are a few brand-new ones, they probably lack luxurious features. However, you can easily find used ones, but that will also be from older model years.

So, before you set such a low budget, please be open to the idea that you can not get everything a brand-new ride of 2023 or 2024 will offer.

Are there any new cars under $12,000 near me?

Finding a brand-new car at a low price of $12,000 is not more than a fantasy. While finding a brand new one for such a price is next to impossible, there are high chances of you getting a used car model in good condition.

So, if you want, you can check out some of the models mentioned below that will cost you less than $12k.

  • 2010 Honda CR-V (Average Price Paid: $9,258 – $11,364)
  • 2012 Toyota RAV4 (Average Price Paid: $10,886 – $13,184)
  • 2010 Subaru Forester (Average Price Paid: $6,268 – $9,656)
  • 2014 GMC Terrain (Average Price Paid: $11,598 – $14,349)
  • 2012 Kia Sportage (Average Price Paid: $8,063 – $10,280)
Are new cars cheaper than the old cars?

NO. Brand-new cars are always costlier than used models. It does not matter whether you are buying a brand new car of the current or older model year; it will still be costlier.

One of the biggest reasons is that they are directly rolling out of the factories, have not been driven by anyone, and have fewer mechanical issues.

And even if they do break down, the manufacturer’s factory warranty often covers the repair cost. If you can afford a brand-new car easily, we recommend spending your hard-earned money on it rather than a used one. A brand new one is a more feasible option in the long run (five to ten years).

Should I buy a car now or wait for 2024?

Buying a car mainly depends on your preference for the model and the type of discount you wish to get. If you have your eyes on any 2022 or 2023 models, we recommend waiting for the 2024 model year.

The new model year marks the launch of newer rides, which automatically impacts existing models.

You can buy your desired at a much cheaper rate in the new model year. Also, if you can wait longer, Christmas time is best to get awesome deals on your purchase. However, if you desire a 2022 or older model, you can buy it in 2023 without thinking much.

But we strongly recommend waiting till holiday times as dealerships are more open to giving you better overall discounts.

What is the best time of year to buy a car?

The best time of the year to buy a car are:

  • beginning of the year
  • End of the year
  • Christmas day
  • Thanksgiving
  • Black Friday
  • Labor’s Day

These are all holiday times when people can easily spend. Dealerships are more open to offering heavy discounts to buyers to make sales.

Other than this, you should always go to buy a car at the beginning of the week and end of the month.


Finding affordable, new cars under $15000 is a tough task, but with persistent and thorough research, it is still achievable.

To simplify the task, we have listed the nine best available brand-new car models under $15k in this article. We hope you like the mentioned options and find something similar to what you desire in a car at such a low price.

Kevin Williams is an automotive enthusiast and expert writer with a passion for all things related to cars. With a wealth of knowledge in the world of vehicles, Kevin's mission is to provide informative articles that empower car enthusiasts to make informed decisions about their automotive interests. With extensive experience, Kevin has contributed numerous articles to Cars Cache, covering a wide spectrum of topics from vehicle reviews to maintenance tips and more.


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