Top 10 Most Affordable New Cars in 2020
10. Kia Forte - $17,695
A year after winning multiple awards in Canada, the new Forte brings back its versatile five-door hatchback variant—with a 201-hp turbocharged engine on top of that. Obviously, the sedan is the least expensive of the two.
10. Kia Forte - $17,695
A year after winning multiple awards in Canada, the new Forte brings back its versatile five-door hatchback variant—with a 201-hp turbocharged engine on top of that. Obviously, the sedan is the least expensive of the two.
9. Hyundai Elantra - $17,149
The Elantra isn’t done evolving. This year, the Korean sedan follows the lead of other compact cars and gets a new continuously variable transmission allowing drivers to save more fuel.
8. Hyundai Venue - $17,099
Even cheaper than the Elantra, the colourful and eclectic Venue subcompact SUV is Hyundai’s latest star. It does require a few sacrifices, though, such as the absence of an AWD option and a smaller trunk than that of the Accent hatchback built on the same platform.
7. Toyota Yaris Hatchback - $16,790
The “new” 2020 Yaris Hatchback sold in Canada is nothing more than a re-badged Mazda2. It still is quite affordable and the new six-speed transmissions help reduce fuel bills.
6. Honda Fit - $16,390
The little Japanese hatchback continues to impress with its configurable Magic Seat system, great fuel economy, pleasant driving dynamics and strong reliability record. Honda introduced the next-generation Fit—complete with a hybrid powertrain—last fall at the Tokyo Auto Show, but its availability in Canada has yet to be confirmed.
5. Kia Rio - $15,495
The Kia Rio lives up to the young Korean brand’s excellent reputation for quality and earned our 2020 Best Buy award for subcompact cars. Two years removed from a complete makeover, the Rio gets a new continuously variable transmission (optional) in addition to the standard six-speed manual.
4. Hyundai Accent - $14,949
The four-door Accent is not returning to Canada for 2020. The more popular five-door model continues to be offered, however. Hyundai has made the Accent more fuel-efficient thanks to a new 1.6-litre Smartstream engine with dual-port injection and the option of a new continuously variable transmission.
3. Mitsubishi Mirage - $12,298
Despite carrying a higher price this year, the Mitsubishi Mirage hatchback still ranks among the top 3 most affordable new cars in Canada. Obviously, its biggest strength is the reassuring 10-year/160,000 powertrain warranty. Watch out for the 2021 Mirage coming with a number of exterior and interior changes.
2. Nissan Micra - $10,488
Buyers considering the Nissan Micra can’t waste too much time because it will not be returning after 2020. This fun-to-drive hatchback features a beautifully simple 1.6-litre engine and delivers reasonable fuel economy.
1. Chevrolet Spark - $9,998
Even in 2020, it is still possible to buy a brand new car for less than $10,000. The Chevrolet Spark retains the title of Canada’s most affordable new car and somehow escaped GM’s axe to earn a 2020 Best Buy award in the city car segment.
