Are you looking for new cars under $12000 but have had no luck yet? If yes, we are here to make your day with our list of the top 7 new cars under $12000. Buying a brand new car 2024 under a mere $12,000 price is impossible. You can never find the latest sleeper car, sports car, SUV, or even a compact car for such a low price.
However, you can find the brand new models of previous model years or the used variants of new models for such an affordable price. The only thing you as a buyer need to understand is that your probability of finding used cars is more than finding a new car under 12000 dollars.
But whatever the case is, the good thing is that there are still chances for you to get your hands on affordable rides in 2024. In this article, we bring our list of seven best new cars under 12000 dollars you can buy in 2024.
Let us begin and explore the most affordable cars on the market.
7 Best Cars Under $12000 – Most Reliable Cars You Can Buy In 2024
Buying automobiles is one of the most significant financial decisions you will make. All kinds of automobile categories exist, but brand-new cars are the costliest. It does not matter if you buy a brand-new car with a low or high starting price; it will still hold more value than a used car.
However, it does not dictate that buying used cars is not worth it. Today, people change vehicles as they change their clothes. In present times, you can easily find a used variant of a model released a month ago.
It means the used car market has become as efficient as the brand-new one, especially in America. But we totally understand if you still want nothing but new cars under 12000 in 2024.
Your search for new cars under $12,000 near me ends with our list right here. We managed to find you the 7 best cars under 12000.00 that you can buy in 2024. They are not only best for you but also for your teenage drivers at home.
1. Hyundai Accent
Hyundai Accent is a subcompact car that debuted in 1994 and has been in the market since then. The model is well known for its reliability, good technological features, and impressive safety ratings. Accent comes with a 1.6-liter turbocharged engine that can produce up to 120 horsepower, which is acceptable for a car for its price.
With an efficient fuel economy, the Hyundai accent suits your restricted budget. It is indeed one of the best new cars under $12000 that you can buy in 2024. This subcompact five-seater car is ideal for you and your family.
Key Specifications
- MSRP: $9,970 – $11,070
- Engine: 1.6 L 4-cylinder
- MPG: Up to 33 city / 41 highway
- Horsepower: 120 hp
How Safe is the New Hyundai Accent?
The Hyundai Accent is one of the safest cars on this list. The vehicle has a 4-star safety rating from NHTSA and a G(Good) grade from IIHS.
- Overall NHTSA safety rating: 4-star
- Overall IIHS safety rating: G(Good)
2. Chevrolet Aveo
Chevrolet Aveo is the old yet new model you will find on this list of new cars under $12000. Aveo is one of the least expensive American cars you can find to purchase. The model is marketed by General Motors since 2002.
The excellent fuel efficiency, long list of standard features, and impressive safety ratings make this subcompact car an ideal choice. Though many might not see it, the Chevrolet Aveo is a good choice for first-time buyers and those on a strict budget.
If cheap new cars under 12000 are your target, it gets completed with the classic Chevrolet Aveo. This one is not only cheap to buy but cheap to drive as well.
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Key Specifications
- MSRP: $11,965 – $15,365
- Engine: 1.6 L 4-cylinder
- MPG: Up to 27 city / 35 highway
- Horsepower: 108 hp
How Safe is Chevrolet Aveo?
The Chevrolet Aveo is a safe car. Aveo has received an A(Acceptable) grade from IIHS and a 3.5-star rating from the NHTSA.
- Overall NHTSA safety rating: 3.5 star
- Overall IIHS safety rating: A(Acceptable)
3. Nissan Versa
Nissan Versa is another subcompact car that fits well in our requirement for new cars under $12000. This fuel-efficient vehicle offers good performance for the price. Nissan Versa is easy to drive, has a spacious cabin, and is also safe for you & your family.
Whether you look for cars under 12000.00 or new cars under 10k, this car will show up. The price for a Nissan Versa that you may have to pay ranges from $9,990 to $10,990 if you look exclusively for cars for sale under $12,000 near me.
However, if you can adjust your budget a little, you can own the 2024 Nissan Versa for a base price of only $16,130. Thus, your search for a cheap car to buy & keep ends with the impressive Nissan Versa.
You can go for a used or brand new variant of this Japanese car brand model and enjoy your daily commute like never before.
Key Specifications
- MSRP: $9,990 – $10,990
- Engine: 1.6 L 4-cylinder
- MPG: Up to 32 city / 40 highway
- Horsepower: 122 hp
How Safe is Nissan Versa?
The Nissan Versa is one of the safest new vehicles under $12000. It received a 5-star rating from NHTSA and a G(Good) grade from IIHS, making it the best.
- Overall NHTSA safety rating: 5-star
- Overall IIHS safety rating: G(Good)
4. Kia Rio
Well, the list seems to be doing well with the subcompact cars. Kia is a well-known automobile brand in the USA. Kia’s vehicles are among the most pocket-friendly you can find in the American car market.
Thus, anyone looking for cars for sale $12000 and under can stop their search with the impressive Kia Rio. Kia Rio is the smallest and one of the most affordable cars in the Kia lineup. But this does not mean it lacks in any manner.
This is one of the low-priced new cars under $12000 that is also well built. It is powered by a 1.6 L 4-cylinder engine channeling 120 hp and giving good fuel efficiency.
You can purchase the latest 2024 Kia Rio for a starting price of $16,750. However, if you want a much cheaper deal, you can look for previous years’ models or the used ones.
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Kia Rio is one of the best-used cars under $12,000 you can get your hands on in 2024. This South Korean model is best suited for low-speed and casual driving. So, if you want to buy a ride for your teenager or an elderly family member, Rio will not disappoint.
Key Specifications
- MSRP: $11,495 – $16,750
- Engine: 1.6 L 4-cylinder
- MPG: Up to 32 city / 41 highway
- Horsepower: 120 hp
How Safe is Kia Rio?
The subcompact car, Kia Rio, comes with feasible safety ratings. Rio scored a 4-star NHTSA rating and a G(Good) grade from IIHS, giving you the assurance you need.
- Overall NHTSA safety rating: 4-star
- Overall IIHS safety rating: G(Good)
5. Toyota Yaris
When there is a talk about new cars under $12000, how can we forget the biggest automobile company in the world, Toyota? Toyota is well known for its affordable, reliable, and safe vehicles. And thus, the next choice we have for you is the Toyota Yaris.
The Yaris model lineup has been discontinued by Toyota, meaning you will not be able to get a brand-new one. However, you sure can get your hands on this ride in the used car market.
With a 1.5-liter four-cylinder turbocharged engine, this compact car can roar up to 106 horsepower. Not only this, Yaris also holds a strong fuel economy, making it easy on your pocket in the long run.
You can get this car for the price range of $12,205 – $15,880. It might seem a little out of budget for some. But if you can afford it, you should go to higher levels to get the best features.
Key Specifications
- MSRP: $12,205 – $15,880
- Engine: 1.5 L 4-cylinder
- MPG: Up to 32 city / 40 highway
- Horsepower: 106 hp
How Safe is the New Toyota Yaris?
Toyota Yaris holds a five-star safety rating from the NHTS and a G(Good) grade from the IIHS, making it one of the safest cars for your family under 12000 dollars.
- Overall NHTSA safety rating: 5-star
- Overall IIHS safety rating: G(Good)
6. Mitsubishi Mirage
Your search for new cars under $12,000 near me can finally be over with one of the most affordable compact cars of 2024, the Mitsubishi Mirage. Mitsubishi Mirage is a synonym for affordability, and it stays true to this remark as you can buy the 2024 Mirage for a base price of only $16,695.
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If you go for the brand new models of the Mirage lineup in the previous model years, you can get a great deal. Besides the brand new market, Mirage is highly popular in the used car market. So, ensure you only go for certified pre-owned cars under $12,000.
The all-new Mirage is powered by a 1.2 L 3-cylinder engine channeling 78 hp. This makes it a cute car for girls, an ideal drive for first-timers, and a pocket-friendly option for parents of teenage drivers.
Key Specifications
- MSRP: $10,000 – $16,695
- Engine: 1.2 L 3-cylinder
- MPG: 36 City / 43 Highway
- Horsepower: 78 hp
How Safe is the New Mitsubishi Mirage?
Toyota Yaris holds a four-star safety rating from the NHTS and a G(Good) grade from the IIHS, making it one of the safest small new cars under $10,000.
- Overall NHTSA safety rating: 4-star
- Overall IIHS safety rating: G(Good)
7. Chevrolet Spark
The well-known Chevrolet Spark is the final vehicle on this list of new cars under $12000. The Chevrolet Spark is a compact car whose latest model in the market is from the model year 2022.
You can buy the brand-new 2022 Chevrolet Spark for a base price of only $13,600. The price decreases further if you go for a model from older model years.
The tiny Spark is powered by a 1.4 L 4-cylinder engine producing 98 hp and giving an impressive fuel economy of 30 mpg in the city and 38 mpg on the highway. This vehicle is easy to drive and comes with plenty of user-friendly tech.
Key Specifications
- MSRP: $8,200 – $13,600
- Engine: 1.4 L 4-cylinder
- MPG: Up to 30 city / 38 highway
- Horsepower: 98 hp
How Safe is the New Chevrolet Spark?
Chevrolet Spark holds a five-star safety rating from the NHTS and a G(Good) grade from the IIHS, making it one of the safest, best new cars under $10,000 and $12,000.
- Overall NHTSA safety rating: 5-star
- Overall IIHS safety rating: G(Good)
Before you go looking for a brand new car at a price as low as $12,000, remember chances of getting your hands on a brand new one are pretty low. Thus, you can think of all the rides mentioned above, like the used cars under $15,000 in 2024.
Top FAQs About New Cars Under 12000 Dollars
Are there any new cars under $12000?
YES. There are a few new cars under $12000 that you can go for in 2024. All you need to know is the right model names to explore.
Below is a list of the top seven automobiles you can buy for as low as $12,000. And for some, you might have to pay even less.
- Hyundai Accent
- Chevrolet Aveo
- Nissan Versa
- Kia Rio
- Toyota Yaris
- Mitsubishi Mirage
- Chevrolet Spark
What kind of car can you get for 12000?
For $12,000, you are most likely to get a compact or subcompact car with plenty of standard features.
If you dream of luxury, it is impossible to get it at this price. Your best shot is the brands like Toyota, Chevrolet, Nissan, and Kia, known to provide their customers with affordable and reliable rides.
Can I buy a new car for $10000?
Yes, you can, but you can only buy a used car for such a low amount. With inflation rising yearly, purchasing a brand-new vehicle for a low amount of $10k seems bizarre.
However, this amount can get you a used car in good shape. All you need to do is look for used car dealers near you, compare the deals, inspect the ride properly, and then go for the seller most suitable to you and your needs.
Should I buy a used or brand-new car?
Buying a used or brand-new car depends on the circumstances and preferences of the buyer.
If you have a restricted budget that makes it impossible to go for a brand new one, then used cars are ideal.
However, if you can afford a brand new car (without considering the year of making it), then you should always go for a new one.
What cars last the longest?
There is no exclusive secret to the longevity of a vehicle. It all depends on how well the owner keeps it.
A car that is well maintained, well taken care of, and driven as per the instructions given by the makers tends to last the longest.
So, keeping your ride for a long or short time is all in your hands.
Conclusion
Finding new cars under $12000 is undoubtedly challenging. Not many models are available in the market for such a budgeted price. Thus, to help you find the right car under a restricted budget, we have this list that contains 7 reliable new cars under 12000 dollars.
We hope you find this list helpful.
i have a 2017 toyota corrola with 94,000 miles. im looking to trade it for a clearance, new ,or leftover vehicle. I want a vehicle for under 12,000