Cheap New Cars With Great Deals

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Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

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, Senior Pricing Analyst - September 25, 2020

We spend a lot of time finding the biggest discounts and the best leases on cars, trucks, and SUVs. But what if you just want a good, cheap car and get a great deal in the process? That's why we looked at affordable vehicles with outstanding rebates, APR deals, or lease incentives to uncover ways you can save the most money.

In addition to potentially offering more peace-of-mind, choosing a new car over a used one can get you access to newer tech as well as better incentives and the value of a full factory warranty. Here's what we found and why we think these vehicles deserve a look if you're shopping based on price in the month of September.

2020 Hyundai Venue

Starting MSRP: $19,725

Featured Deal: 0% APR for 60 months

The 2020 Venue offers a much lower rate starting this month. Through November 2, all styles qualify for 0% APR for 60 months. Previously, the best deal was 1.9%. As a result, the payment on a 5-year loan for a $20,000 vehicle has improved from $350/month to just $333.

This is the first time we've seen 0% financing on Hyundai's most affordable SUV. Although you won't find any lease deals to speak of, those looking to buy will find now a great time to buy. If you don't have top-tier credit, Hyundai is offering a $1,500 rebate as an alternative.

Note that the Venue actually has an MSRP of $18,525 in base form. However, that limits buyers to a 6-speed manual transmission. That option is actually going away for the 2021 model year, and the price listed above reflects the added cost of a CVT transmission.

Build & Price Your 2020 Venue »

2020 Kia Soul

Starting MSRP: $20,110

Featured Deal: 0% APR for 75 months

Through September 30, Kia is offering 0% APR for 75 months on all versions of the 2020 Soul. That's a deal you'll probably never see on a Nissan Versa or Honda Fit. In fact, we consider this to be one of the best 0% APR deals on a car with the potential to save you more money than this month's $2,500 rebate.

Although the Soul technically starts at $18,610, the price listed above factors the cost of the optional CVT transmission. It's also worth noting that the entry-level LX trim comes with a 147-hp engine. Higher trims like the GT-Line Turbo may offer more power but pricing can easily exceed $28,000.

Build & Price Your 2020 Soul »

2020 Nissan Kicks

Starting MSRP: $20,165

Featured Deal: 0% APR for 72 months + $500 rebate

Nissan cut rates on nearly every SUV a month ago and the 2020 Kicks features the best rate we've seen to date. Through September 30, all configurations are eligible for 0% APR for 72 months plus a $500 bonus. On a $20,000 SUV, you can enjoy interest-free financing at just $271/month before taxes & fees.

Interestingly, a difference in incentives makes buying smarter than leasing. For example, offers here in Southern California in lieu of special financing feature a choice between a $2,000 rebate for purchasing or $0 for leasing. As a result, financing could offer the best possible deal assuming you have good credit.

Build & Price Your 2020 Kicks »

, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

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