Top 10 Cheapest Cars of 2023
Are you looking to buy a new car on a budget? Find the list of cheapest new cars of 2023 here!
We will only show you the cars that are available through our car search engine. This way you can immediatly view deals and proceed with purchasing the best cheapest car available in 2023!
Here's a top 10 list of the cheapest cars available in 2023:
- Hyundai i10 (from €14.000)
- Hyundai i20 (from €17.500)
- Volkswagen Up! (from €17.700)
- Seat Ibiza (from €17.700)
- Skoda Fabia (from €19.600)
- Peugeot 208 (from €19.885)
- Hyundai Bayon (from €20.800)
- Volkswagen Polo (from €20.900)
- Seat Arona (from €22.100)
- Hyundai Kona (from €22.200)
Find an overview of this article here:
1. Top 10 cheapest cars of 2023
Find in this list the top 10 cheapest cars available through the mycarena search engine. Our search engine collects all available stock cars from different brands into a single search. So that you can easily find the right deal without a hassle. This list is based on the results you find through the search engine.
1. Hyundai i10 (from €14.300)
The i10 is the cheapest car available through the mycarena car search engine.Yes, you can buy a Dacia Sandero from €11.290. But due to the Dacia brand not available on mycarena, we are skipping this brand.
The i10 is definitely more expensive to the Dacia Sandero, but it comes with a lot more features as standard.
High tech features the i10 has over the cheaper Dacia Sandero:
- Cruise Control
- Lane Keeping Assist
- High Beam Assist
- Airconditioning
While the Dacia is a lot of car for 3.000 euro less. It is nowhere as refined compared to the Hyundai i10. While being smaller in size, the added safety features make it a better choice for longer journeys. The build quality of the Hyundai i10 is also a step up. If you are looking for a new cheap car that will be your stress free travel partner for the next 7 years, there's nothing better than the Hyundai i10.
2. Hyundai i20 (from €16.500)
The i20 is a great option for those looking for a slightly larger car than the i10.
The extra size does come with a price of 16.500 euro, that is approximately 2.000 euro more.
While it is not the cheapest car through the mycarena car search engine, it still is incredible value. In fact, we believe it gives even more for your money compared to the Hyundai i10.
Features you get more on the i20 compared to the i10:
- It's more larger in size,
- Sportier look,
- More interior luxury (fully adjustable seats, electric powered windows front & rear, storage space..)
- Bigger engine 84hp vs 67hp
In terms of technology, it is very similar. There's nothing more you can offer other than full self driving aid, which is not really possible in this price range.
It's an excellent vehicle that is sporty, packed with technology and comfort. For the price you pay, it's the new Volkswagen Polo of this decade.
3. Volkswagen Up! (from €17.700)
The Volkswagen Up! is the third car in the list and an excellent choice if you want a premium city car.
Volkswagen is a premium brand, presenting cars that are high quality and longlasting. It's a german car, so don't expect a funky design but rather a practical car for its size. With a starting price from 17.700 it is actually very expensive for what you get. Although the car is equipped with nice features, it's nowhere to what you receive on the Hyundai i10 and i20.
The ride is also very stiff compared to the Volkswagen Polo. You really feel that you are driving the cheapest Volkswagen. But if you really want the badge, this is it.
4. Seat Ibiza (from €17.700)
The Seat Ibiza is a Spanish Volkswagen Polo for 3.200 euro less.
Let's not beat around the bush. The Seat Ibiza, Skoda Fabia and Volkswagen Polo are all practically the same with the major difference being the exterior and interior design. In terms of technology and drivetrains these cars are the same. So why are they priced differently? Each of these models are differently equipped from standard, with the Seat and Skoda both offering the least amount of features for its price.
Both the Seat and Skoda are decent equipped cars. They have airconditioning, electric windows and Apple Carplay/Android Auto.
While the Volkswagen Polo offers slightly more quality materials with more comfort features such as parking sensors and rear view camera's.
If you are looking for a sporty and very attractive design. The Seat is in our opinion the best looking out of the three options!
5. Skoda Fabia (from €17.800)
The Skoda Fabia is very similar to the Seat Ibiza in options. The only difference is the interior and exterior design.
While the Fabia offers more practicality, the Seat focuses on design. It's a matter of personal taste, but both models are excellent options for the price you pay!
6. Peugeot 208 (from €19.885)
The first and only french car in our top 10 list of cheapest cars of 2023. The Peugeot 208 is a fashion statement, it's attractive, it's different, it has flair and above all it's a lot of car for the price!
So what do you get for that price?
- Airconditioning
- Cruise control
- Rear view camera
The Hyundai i20 delivers slightly more options, but the Peugeot has a much more attractive design. Whether it justifies to pay 3.000 euro more compared to the i20? Yes, if you consider emotional value. No, if you prioritise your budget.
7. Hyundai Bayon (from €20.800)
It was about time an SUV would appear in the top 10 list. Meet the Hyundai Bayon, the cheapest SUV on the market in 2023.
The Bayon is a lifted i20, technically with the same drivetrain but a lot more features that make the Bayon more SUV like. It has a lot of design elements and attractive front LED lights that accentuate the cars styling. The difference in terms of space and practicality is nearly identical to the i20.
Just like the i20, the Bayon comes with comfort options such as lane keep assist and cruise control.
So if you want an affordable SUV, this is the best pick!
8. Volkswagen Polo (from €20.900)
The Volkswagen Polo is the most expensive hatchback in our top 10 list of cheapest cars in 2023!
While the price is arguably high, the Volkswagen Polo does come with a high quality standard and plenty of standard options that are a luxury in other cheaper models. If you want a complete car that can be used for the city and on longer journeys. The Volkswagen Polo is the best option from this list. The car is made to be durable thanks to high quality materials. The difference is definitely notable if you compare it directly with the Skoda Fabia or Seat Ibiza.
With the starting price of 20.900 euro you receive a high quality car with parking sensors and airconditioning. Some other details can be electric folding mirrors and smartphone connectivity (Apple CarPlay or Android Auto). You can also expect a rear view camera within that price.
Overall, the Volkswagen Polo is an excellent car that will deliver more than you asked for.
9. Seat Arona (from €21.000)
The Seat Arona is the second cheapest SUV in this top 10 cheapest car list of 2023!
Just like the Polo, Ibiza and Fabia being the same car.
The Seat Arona is the same to the Volkswagen T-Cross and Skoda Kamiq.
If you are looking for the cheapest SUV/Crossover from the Volkswagen family, the Seat Arona is the one!
In this price can expect:
- Powerful 95hp engine
- Park assist with rear view camera
- Seat heating
- Full digital display
- Tinted windows
- Self dimming rear view mirror
- Air conditioning
- Apple Carplay / Android Auto
- Cruise Control
The amount of options you can receive in this price is substantial! You do expect a proper car at this price range and the Seat Arona is definitely delivering a lot of car for the price!
10. Hyundai Kona (from €22.200)
Finally we end up with the last car in our list of top 10 cheapest cars of 2023.
The Hyundai Kona is available in regular petrol, hybrid or fully electric. The one starting from 22.200 euro is a petrol engine model with 120hp.
The Kona is slightly larger than the Bayon, while offering stronger engine and more features to enjoy from.
Here are the extensive options and features you can receive for this price:
- Cruise control
- Rear view camera
- Lane Keep Assist
- Driver Attention Warning
- Hill Assist
- Downhill Brake Control
- LED lights
- 8-inch touchscreen with full mobile connectivity (Apple Carplay / AndroidAuto)
We can definitely conclude that value and Hyundai go hand in hand. Continue to read more about the brand in this article!
2. Why are cars getting more expensive?
One of the main reasons for the rising cost of cars is the increase in production costs. The cost of raw materials, labor, and transportation have all gone up, which has led to manufacturers passing on these costs to consumers. Additionally, the increasing demand for more advanced technology and safety features in cars has also contributed to the rising price. Features such as lane departure warning, automatic emergency braking, and blind-spot detection were once only available in high-end luxury cars, but are now becoming standard in many vehicles.
Another factor that has been driving up the cost of cars is stricter emissions regulations. In order to meet these regulations, car manufacturers have had to invest heavily in developing cleaner and more fuel-efficient engines. This has led to an increase in the price of cars, as manufacturers pass on the costs of development and production to consumers.
In addition to these factors, the global market also plays a role in the price of cars. The value of currency, trade tariffs, and taxes all have an impact on the cost of cars. For example, if the value of a country's currency drops against the dollar, it will become more expensive for manufacturers to import parts and materials, which will ultimately be passed on to consumers in the form of higher prices.
All of these factors have contributed to the increasing cost of cars, making it more challenging for car buyers to purchase a new vehicle. However, it's worth noting that car prices are also affected by supply and demand, and as the demand for electric vehicles and other alternative fuel vehicles increases, prices for these models may decrease. Car buyers can also consider purchasing used vehicles or opting for models with fewer features in order to save money.
In conclusion, the rising cost of cars is a complex issue that is caused by a variety of factors, including production costs, the demand for advanced technology and safety features, emissions regulations, and the global market. While it may be more challenging for car buyers to purchase a new vehicle, there are still options available to save money, such as purchasing used vehicles or opting for models with fewer features.
3. Why is Hyundai cheap?
Hyundai is a South Korean car manufacturer that has been steadily gaining popularity in Europe over the past few decades. One of the reasons for this is the company's commitment to producing high-quality cars at a competitive price. We will take a closer look at Hyundai's history and how it has become one of the most reputable and affordable car brands in Europe.
Hyundai was founded in 1967 and quickly established itself as a major player in the global automotive market. In the early years, the company primarily focused on producing affordable and reliable cars for the domestic market. However, as the company grew, it began to expand its reach to other parts of the world, including Europe.
In the early days of Hyundai's presence in Europe, the company struggled to gain a foothold in the market due to a perception that its cars were not as well-built or reliable as those from European manufacturers. However, over time, the company has worked hard to change this perception by investing heavily in research and development, and by producing cars that are designed specifically for European customers.
One of the key factors that has helped Hyundai to become successful in Europe is its extensive 7-year warranty. This warranty is one of the longest in the industry and provides customers with peace of mind that their investment is protected. It also sends a clear message that Hyundai stands behind the quality and reliability of its cars.
Hyundai has also been successful in Europe by producing cars that are competitively priced, while still offering the same level of quality and features as more expensive models. This has helped the company to attract a wide range of customers, from budget-conscious car buyers to those who want a high-quality car without breaking the bank.
Today, Hyundai is a reputable and well-respected car brand in Europe. Its cars are known for their quality, reliability, and affordability, and the company has been able to hold its own against more established European car manufacturers. In fact, many experts believe that Hyundai's cars are now on par with those produced by German brands, while still providing a very competitive price.
In conclusion, Hyundai has become one of the most reputable and affordable car brands in Europe through a combination of quality cars, extensive warranty, and competitive pricing. The South Korean brand had to produce better cars for a cheaper price in order to find its space in the competitive European car market. Hyundai's cars are now on par with those produced by German brands, while still providing a very competitive price. They have a wide range of models, from budget-conscious car buyers to those who want a high-quality car without breaking the bank. Hyundai has proven to be a reliable and quality brand for European car buyers.
4. Can I buy a new car cheaper than 10.000 euro?
The quick answer is no. If you want an actual car for yourself and your family, there is no car cheaper than 10.000 euro. The closes to 10.000 euro is the Dacia Sandero starting from €11,290. That is as cheap as it gets.
However, there is a certain type of new car that you can buy today way under 10.000 euro.
Meet the Citroën Ami for €8.990, a fully electric city car with a range of 70km and a charging time of 3 hours through a regular home socket. The Ami is a unique vehicle that offers a combination of affordability, functionality, and style. The Citroën Ami is a small electric vehicle that is classified as a quadricycle. So teens from the age of 16 can drive it.
Being a quadricycle it has a maximum speed of 45km/h, this means it is forbidden to drive the Ami on a highway.
That's where the negative comes in. It really isn't a car. If you are spending that much money, there are second hand options of relatively good cars for that price. Those cars can be used for long journeys and aren't limited to a range of 70km.
The Ami is a perfect vehicle for those that do their business in the city and rarely travel outside of the city. It can also be a great option for students that travel from and to school. Do small groceries. Meet up with friends etc. It's an economical way to travel if you aren't a fan of riding bikes.
To conclude, there are no new cars under the price of 10.000 euro. It's 2023 and cars are expensive to produce. The only new "car" option is the Citroën Ami, an electric city car with a range of 70km. Sufficient for any travelling in and around the city.
