Value most likely plays a role in your car shopping plans. To that end, iSeeCars is sharing its list of the Top 25 Best New Vehicles For The Money. These are vehicles that combine a low purchase price with a long lifespan, which iSeeCars says makes them value leaders for new car buyers.
Some of the study takeaways:
- The Mitsubishi Mirage is the best new car for value-conscious buyers, with a low $18,991 starting price. The average lifespan is 172,784 miles.
- Compact cars make up a large portion of the Top 10.
- Toyota has the most models on the list of 25 cars, followed by Honda and Subaru.
- Only five of the Top 25 cars come from non-Japanese brands, represented by the Volkswagen Jetta, Chevrolet Malibu, Hyundai Elantra, Ford Escape, and Hyundai Tucson.
- On average, a new car costs $2,779 for every 10,000 miles of lifespan it provides, but all top 10 best new cars for the money cost less than $1,700 per 10,000 miles of lifespan.
iSeeCars says it analyzed the prices of over 8.3 million new cars sold in September - December 2023 and the odometer readings of over 181 million used cars from its Longest Lasting Cars Study to determine the rankings for the best new cars for the money.
Best New Cars for the Money - iSeeCars Study
Below are the Top 10 vehicles. To see the complete Top 25 list, click here.
Rank | Model | Price per 10k Miles | Average New Car Price | Average Lifespan in Miles |
1 |
Mitsubishi Mirage |
$1,099 |
$18,991 |
172,784 |
2 |
Toyota Corolla |
$1,374 |
$25,017 |
182,133 |
3 |
Subaru Impreza |
$1,409 |
$27,830 |
197,562 |
4 |
Honda Accord |
$1,432 |
$30,321 |
211,772 |
5 |
Honda Civic |
$1,531 |
$28,594 |
186,824 |
6 |
Toyota Camry |
$1,585 |
$31,960 |
201,644 |
7 |
Nissan Versa |
$1,588 |
$20,601 |
129,696 |
8 |
Honda CR-V |
$1,617 |
$35,490 |
219,509 |
9 |
Mazda MAZDA3 |
$1,644 |
$30,253 |
184,069 |
10 |
Toyota Prius |
$1,683 |
$35,313 |
209,839 |
iSeeCars also lists the best values in a number of vehicle segments:
- The Honda CR-V, Subaru Forester and Subaru Outback top the Small SUV list.
- The Mazda CX-9, Toyota 4Runner and Honda Pilot top the Midsize SUV list.
- The Buick Enclave, Nissan Armada and Toyota Sequoia are the top three Large SUVs.
To see the complete iSeeCars study, click here.