The most affordable cars on the market are not necessarily the ones with the lowest starting sticker prices. Buying a car is a years-long commitment, and expenses like repairs, depreciation and fuel can really add to a car's cost.
Kelley Blue Book recently listed the ten most affordable cars, based on five year cost-to-own projections. While many of these do have low sticker prices, they are most affordable because they have great resale values, fuel economy and don't cost a lot to insure.
Head on through to see the most affordable cars for 2014.
10. 2014 Hyundai Accent
Sticker Price: $14,645 - $16,395
Invoice Price: $14,248 - $15,919
Fuel Economy: 27 mpg City, 38 mpg Highway
The Hyundai Accent combines a low starting price with sharp looks, great fuel economy and a relatively comfortable interior. It's a truly practical buy.
The Accent is available in several trims: GS or SE on the hatchback and GLS on the four-door sedan. A 138-hp 1.6-liter double overhead-cam engine sends power to the front wheels. A six-speed manual transmission is standard; a six-speed automatic transmission is optional. Standard safety features include front seatbelt pre-tensioners and six airbags (front, seat-mounted side-impact, and side-curtain) on all models.
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9. 2014 Toyota Prius c
Sticker Price: $19,080 - $23,360
Invoice Price: $18,127 - $21,746
Fuel Economy: 53 mpg City, 46 mpg Highway
The Toyota Prius c has a higher sticker price than most of the other cars on this list, but it makes up for it with its remarkable fuel savings and reliability.
The Prius c is available in four trim levels: Prius c One, Prius c Two, Prius c Three and Prius c Four. All trim levels employ Toyota's Hybrid Synergy Drive, a hybrid powertrain technology that unites a 1.5-liter Atkinson-cycle four-cylinder gasoline engine with a powerful electric drive motor to generate 99 combined horsepower. A continuously variable transmission (CVT) with three selectable drive modes is standard.
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8. 2014 Toyota Corolla
Sticker Price: $16,800 - $21,300
Invoice Price: $15,876 - $19,722
Fuel Economy: 28 mpg City, 37 mpg Highway
The Toyota Corolla is one of the most popular small sedans on the market. People love it for its reliability, fuel economy and low starting sticker price.
The Corolla is available in four trims: L, LE, S, and new LE ECO. The powertrain for the L, LE, and S trims is a 132 horsepower, 1.8-liter dual VVT-I engine, matched with a six-speed manual, four-speed automatic, or new continuously variable transmission (CVTi-S). The LE ECO includes a 140 horsepower, 1.8-liter engine with Valvematic, combined with the CVTi-S transmission.
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7. 2014 Scion xD
Sticker Price: $15,920
Invoice Price: $15,124
Fuel Economy: 27 mpg City, 33 mpg Highway
The boxy Scion xD boasts a big cargo area, funky looks and good fuel economy for under $15,000.
The xD is powered by a 128-hp 1.8-liter four-cylinder engine, paired with either a standard five-speed manual or an available four-speed automatic transmission. Every xD is equipped with 16-inch wheels, air conditioning and cruise control, as well as power windows, exterior mirrors and door locks with remote keyless entry. The rear seats are split 60/40, and can be folded down flat for increased cargo carrying capacity; they can also be reclined up to ten degrees, as well as moved fore or aft up to six inches for increased leg room.
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6. 2014 Ford Fiesta
Sticker Price: $14,100 - $21,400
Invoice Price: $13,571 - $20,598
Fuel Economy: 28 mpg City, 36 mpg Highway
The Ford Fiesta is an attractive, economical and fun to drive little sedan or hatchback.
The Fiesta is offered in three trims, S, SE, and a Titanium model. For 2014 there is the addition of the new ST trim to the hatchback lineup. Power comes from a 120-hp 1.6-liter four-cylinder engine, mated to a five-speed manual transmission. An advanced six-speed PowerShift automatic transmission is optional. The ST gets a turbocharged, direct-injected version of the 1.6-liter that offers nearly 200-hp, mated to a six-speed manual transmission.
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5. 2014 Nissan Versa
Sticker Price: $11,990 - $16,890
Invoice Price: $11,703 - $16,465
Fuel Economy: 27 mpg City, 36 mpg Highway
The Nissan Versa is among the lowest-priced cars on the market right now.
The Versa sedan is powered by a 109-hp 1.6-liter four cylinder engine that can be equipped with a five-speed manual or a four-speed automatic (S only); while the rest of the trims are standard with an Xtronic CVT (Continuously Variable Transmission). Safety comes from six standard airbags, tire pressure monitoring, anti-lock brakes with panic assist, front seat belt pretensioners, side impact beams in all doors and electronic stability/traction control.
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4. 2014 Toyota Yaris
Sticker Price: $14,430 - $16,540
Invoice Price: $13,853 - $15,877
Fuel Economy: 30 mpg City, 37 mpg Highway
The Yaris is yet another car from Toyota that made the KBB list. It's not the most engaging thing to drive, but it's roomy and reliable.
The subcompact front-wheel drive Yaris is available as a three-door or five-door hatchback. The Yaris is powered by a 106 horsepower 1.5-liter four-cylinder engine, which is mated to either a five-speed manual transmission, or a four-speed automatic. There are three trim levels available, L, LE and SE (five-door only).
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3. 2014 Scion iQ
Sticker Price: $15,665 - $17,850
Invoice Price: $14,882 - $16,958
Fuel Economy: 36 mpg City, 37 mpg Highway
The Scion iQ is a great car if you live in an urban area, as it can park almost anywhere, zip in and out of traffic and gets great fuel economy.
The iQ is powered by an efficient 94-hp 1.3-liter four-cylinder engine, paired with a Continuously Variable Transmission (CVT). Every iQ is equipped with 16-inch wheels, air conditioning, a leather shift knob and steering wheel and Bluetooth wireless connectivity, as well as power windows, exterior mirrors and door locks with keyless entry. The standard Pioneer sound system features HD Radio technology, 6.1-inch LCD touchscreen, Bluetooth audio streaming, MP3 capability and a USB port, along with a regular auxiliary jack for various types of portable music devices.
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2. 2014 Chevrolet Spark
Sticker Price: $12,170 - $16,385
Invoice Price: $11,805 - $15,730
Fuel Economy: 31 mpg City, 39 mpg Highway
The Chevrolet Spark is a cute, capable and practical small hatchback.
The front-wheel drive Spark is offered in LS, 1LT, and 2LT trim levels. Power comes from an 85-hp 1.2-liter engine mated to a five-speed manual transmission, or a continuously variable transmission (CVT). Notable features offered include: MyLink infotainment system, heated front seats, air conditioning, power windows, SiriusXM satellite radio, Bluetooth, OnStar, cruise control, and leather wrapped steering wheel.
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1. 2014 Chevrolet Spark EV
Sticker Price: $26,685 - $27,010
Invoice Price: $25,618 - $25,930
Fuel Economy: NA
The Chevrolet Spark EV is the only pure-electric car offered by General Motors. It can travel about 82 miles on a full charge.
The front-wheel drive Spark EV is offered in 1LT, and 2LT trim levels. The power comes from a 100kW electric motor and 20kWh lithium-ion battery pack. Standard features include: MyLink infotainment system, heated front seats, automatic air conditioning, power windows, SiriusXM satellite radio, Bluetooth, OnStar and cruise control.
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