What is the cheapest car in the US market?

Hi Hackrs,

I keep searching for lease deals in the US market. And after a couple of months of searching, I found whatever brand, seems like the total cost (I mean the total money you paid to others, like government, dealer, and bank, etc) to use a car for 36 months. It all dropped a range of $14K - $16K. So it means the cost to have a moving tool can move you need around $5000 per year.

I calculated Nissan Ariya, VW ID4, Hyundai IO5, and KIA Niro Wind. I do see some mini compact car models like the Nissan Leaf, Chevy Bolt can drop to $4000 per year.

I am wondering if the cheapest cost to have a moving tool is $5k. Any discussion is welcome, it’s better to include car models.

Are you referring to leasing or the lowest TCO vehicle?

Lowest TCO vehicle is to buy an older, reliable, used vehicle…pay cash and run lower insurance on it. Make the right choices and you’re in the green in a very short amount of time.

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For new cars only, if we consider used cars, can make the question really complex.

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New cars can be just as complex.

A significantly more expensive vehicle may be cheaper in the long run, as it retains value much better (higher resale) vs the cheaper. So while the cash flow comparison is skewed, the guy who pays “more” actually ends up paying less…and drives a nicer vehicle.

Payment shoppers will always be payment shoppers.

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Totally speculative but if Tacomas hold value like they have the last 10+ years you can have one 200ish/mo if there’s $3500 or so equity at the end of the lease. It’s very possible but again not guaranteed. Fuel inefficiency will add to that cost though

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Yes, Tacoma is really good at keeping the value. The gas price can’t be ignored. I am in California, it is already passed $6 / gallon. Even if a 30 mpg car, 15K miles per year can cost $3000 on gas.

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Don’t forget the costs of operation (gas, tires, brakes, etc).

So I nominate Corolla hybrid or Elantra hybrid (purchase and own)

Having perpetual payments is not the definition of cheap.

$15,000 over 3 years becomes $150,000 over 30 years (obviously more considering inflation).

This is so state dependent primarily because of state level incentive on EVs. For example in NJ, you can conceivably get a 1-pay on a Niro EV for effective $200/mo.

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Each month the ‘cheapest car’ changes. Can you believe in Jan-Mar it was a Nissan Frontier?

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Check out the 2 year lease on Tesla model 3 right now.

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I regret missing that boat, then I missed ariya boat.

Checked, it is around $11000 total cost 2 years equal to $5500 per year and without any free charging.

With interest rates on money market funds exceeding 5% now, there is a real cost to cash tied up in ownership as well - part of the reason i sold my car to carmax, got the chunky cash and put it to work in a MM fund. There are lease incentives on many cars that give you a lower APR than that if you look hard.

It’s difficult to find “cheapest car to lease” in today’s market, because a lot of promotions in $200-$300/mo range have $3000-$7000 upfront fees charged.
You will have to pick one car at a time, with lowest MSRP, and check the MF, RV and incentives on it and create your own excel sheet, so you can pick the cheapest ones with lowest MF and best RV’s you can pursue. Back in the days all lease deals were advertised with $0 down, sign and drive. It was a common understanding that leases were best when you didn’t have to put any cash upfront, and if you wanted to then everyone would suggest you to buy/finance. Not anymore. I constantly see “promotional lease offers” with low monthly and $8000 down-payment/fees upfront.

While boring and utilitarian, the Taco reigns supreme as the Best Buy in terms of value. I can’t argue that.

These Tacos are so reliable they end up retiring down to 3rd world countries for farming and civil war.

Tacos likely have been shot at more than any other civilian rig. Fun fact

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Right, because people like you that lease a Jeep Compass also cross-shop the national ripoff offers for the “dime a dozen” 840i coupes and “you see them every other car” S-Class sedans as well.

:clown_face:

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Not sure what this gibberish means, but I pulled $333 cash out of my pocket to lease $38K MSRP 2023 Compass, and I am happy with it. No “ripoff” here, as wishful your thinking might be.

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The toyota pickups lifespan: middle aged family guy > tradesmen > poor starting tradesmen/unlicensed handymen > technical for terrorists or freedom fighters depending on your POV

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How much is your soul/hopes/dreams worth? Absolutely nothing? Great news! You can work for Volvo where you get $400 per month towards a new vehicle lease. So a xc40 recharge at employee pricing is about $400 per month and you can charge at work for free too! Remember maintenance is included as well.

TCO just your insurance.

TLDL if you want to throw yourself off a cliff we have a deal for you.

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It means what it says. The fact that you don’t understand it is fully indicative of how genuinely clueless you are.

Despite subtle, straightforward and plain GTFO requests you still remain, spouting nonsense and misinformation - often talking to or yelling at yourself in thread after thread.

Too bad for everyone else, or the “7 billion” as you said. Sigh……