Australia's cheapest cars | Finder

Cheapest cars compared

These are Australia's cheapest new cars

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The cheapest cars in Australia compared

We've compared the cheapest cars available new from a dealer in Australia to reveal which is the best value for money.

We're comparing the cars based on their purchase price, insurance costs and running costs as well as their specifications to find out which model truly is the cheapest car on sale.

Make & ModelInsurance average premium & excessWeekly fuel costFive-year fuel costsFive-year servicing costsClick driveaway price for repayments or find a deal
Mitsubishi Mirage ES Manual$578.99, $886.25$18.52$4,815$1,395$18,490

Find a Deal

on Georgie's website

Kia Picanto S Manual$554.45, $886.25$19.90$5,150$1,839$16,990*

Find a Deal

on Georgie's website

Suzuki Swift GL Navigator$661.74, $886.25$18.27$4,750$1,375$18,990

Find a Deal

on Georgie's website

Suzuki Baleno GL$677.46, $886.25$20.06$5,215$1,635$16,990*

Find a Deal

on Georgie's website

Suzuki Ignis GL$640.96, $886.25$18.06*$4,695*$1,465$18,990

Find a Deal

on Georgie's website

MG MG3 Core$711.97, $886.25$31.12$8,090$1,365*$16,990*

Find a Deal

on Georgie's website

Great Wall Motors Steed cab 4x2$782.76, $886.25$32.40$8,425Not available$19,990

Find a Deal

on Georgie's website

Skoda Fabia 70TSI$638.24, $886.25$19.19$4,990$2,146$18,490

Find a Deal

on Georgie's website

Kia Rio S Manual$523.51*, $886.25$22.40$5,825$1,988$19,490

Find a Deal

on Georgie's website

* Shows the cheapest cost

Australia's cheapest car, the Kia Picanto S

Kia Picanto S manual


★★★★★

Compare loan repayments for $16,990 Cheapest car

Find a Deal

on Georgie's website

Weekly fuel costs5-year fuel costs5-year servicing costsWarrantyAvg. insurance premium & excess
$19.90$5,150$1,8397-year

1-year roadside assist

$554.45 & $886.25

The Picanto is tied with the MG3 and the Suzuki Baleno GL as the cheapest car on the list. For the car insurance average, it was the second cheapest. On fuel costs, it comes in as the fifth least expensive. Plus, it has an eight-inch touchscreen as standard!!

If you can deal with the Picanto's boot size (255-litres, the second smallest listed here), then Kia's small car appears to offer the ultimate compromise of affordability, low running costs and an excellent warranty.

It's also probably one of the most stylish light cars on sale in Australia. Car reviewers praised the little Picanto for its long warranty, value proposition and space-saving interior design. Reportedly, the handling is also well sorted.

Finder's resident car tester, Alex Jeffs, stated the car is likely the best in its segment.

If you're after a city runabout and specifically a microcar, then the Picanto is probably a class leader.

Read Kia Picanto review

Australia's joint first cheapest car, the MG3 Core

MG MG3 Core Auto


★★★★★

Compare loan repayments for $16,990 Cheapest car

Find a Deal

on Georgie's website

Weekly fuel costs5-year fuel costs5-year servicing costsWarrantyAvg. insurance premium & excess
$31.12$8,090$1,365

(Cheapest servicing costs)

7-year

7-year roadside assist

(Longest roadside assistance)

$711.97 & $886.25

The MG 3 Core offers undoubtable value. It's tied for the cheapest car in Australia at $16,990. Owners also have to pay out the least amount for capped-price servicing over five years, and it offers a seven-year warranty as well as roadside assistance.

You can't really argue with the specs of the MG 3 either. As standard, it comes with the following:

  • 15-inch alloy wheels
  • Rear parking sensors
  • LED Daytime Running Lights
  • Four-speaker sound system with Yamaha 3D Sound Field
  • Eight-inch infotainment display, with Apple CarPlay
  • Leather-covered steering wheel
  • Tartan fabric seat upholstery
  • USB input
  • Emergency brake assist
  • Cruise control
  • Air conditioning
Adding to the above, you get an automatic transmission across the range, plus the MG3 comes in one of three free colours (yellow, white & black). Finally, the car's styling is inoffensive, some might even say striking.

A great all-rounder, the Mitsubishi Mirage

Mitsubishi Mirage ES manual


★★★★★

Compare loan repayments for $18,490

Find a Deal

on Georgie's website

Weekly fuel costs5-year fuel costs5-year servicing costsWarrantyAvg. insurance premium & excess
$18.52$4,815$1,39510-year

1-year roadside assist

Longest warranty

$578.99 & $886.25

It's not the cheapest, nor the best-equipped car on the list, but it does have minimal servicing costs at $1,395 for five years and the longest manufacturer's warranty at 10 years!

The Mirage balances everything nicely, including reasonable style, modest fuel economy, low average car insurance costs and a useable 235-litre boot. Car experts say the Mirage is simple to park, thanks to its 4.6-metre turning radius, making it a great car for new drivers or motorists who live in the city. The downside to the Mirage, compared to other models, is the spec. It doesn't have cruise control or alloy wheels, but it does have things like autonomous emergency braking (on models made after February 2020) as well as Apple CarPlay/Android Auto connected to a 7-inch touchscreen.

The cheapest European car on sale in Australia, the Skoda Fabia

Skoda Fabia 70 TSI


★★★★★

Compare loan repayments for $18,490

Find a Deal

on Georgie's website

Weekly fuel costs5-year fuel costs5-year servicing costsWarrantyAvg. insurance premium & excess
$19.19$4,990$2,1465-year

1-year roadside assist

$638.34 & $886.25

Want a cheap European car? The Skoda Fabia is the car to go for. Under the skin, it's running the Volkswagen Group A06 platform, which it shares with the Mk5 Volkswagen Polo.

While it isn't the cheapest to insure, it's not the most expensive either. The same goes for fuel costs. However, it does have the highest servicing fees. Still, it's a Euro-import hatch that's related to the Polo. The Fabia received high praise from car reviewers. They loved the engine, the Skoda's features and how it handles. Also lauded is its refinement.

If that's not enough, you also get a 330-litre boot and a 5-year warranty. The Fabia also has a very good standard level of equipment. In the base model, you get the following:

  • Front Assist with City Emergency Brake
  • Electronic differential lock (XDS+)
  • Green Tech start/stop system with brake energy recuperation
  • Rear-view camera
  • Adaptive cruise control
  • 6.5-inch touchscreen with USB & Bluetooth®
  • Skoda Surround Sound (6 speakers)
  • Apple CarPlay & Android Auto
  • Air conditioning

If you want a contemporary, well-equipped Euro-hatch (or wagon), then the Skoda Fabia is the one to go for.

Suzuki Baleno, one of the cheapest cars on sale in 2021

Suzuki Baleno GL


★★★★★

Compare loan repayments for $16,990 Cheapest car

Find a Deal

on Georgie's website

Weekly fuel costs5-year fuel costs5-year servicing costsWarrantyAvg. insurance premium & excess
$20.06$5,215$1,6355-year

1-year roadside assist

$677.46 & $886.25

Suzuki says the Baleno hatch is like having your cake and eating it too. It's a reasonably stylish car, with sensible fuel and maintenance costs plus a five-year warranty. The Baleno is tied for the cheapest car on the list.

The specs are solid, with no alloy wheels or autonomous emergency braking, but it does have Apple and Android smartphone connectivity, a USB input and cruise control as well as aircon. It might not be the flashiest car on sale, but it does bring indisputable value. The Baleno has the largest boot of all the cars we compared, with 355 litres.

Car testers suggested the car over-delivers when you consider its price. It even has things like sat-nav, steering wheel controls and rear privacy glass plus room to seat five. Perhaps one reviewer summed things up best when they said it was a straightforward and honest runabout.

See more cars under $20,000

The Suzuki Ignis, one of the cheapest new cars on sale

Suzuki Ignis GL


★★★★★

Compare loan repayments for $18,990

Find a Deal

on Georgie's website

Weekly fuel costs5-year fuel costs5-year servicing costsWarrantyAvg. insurance premium & excess
$18.06

(Cheapest fuel costs)

$4,695$1,4655-year

1-year roadside assist

$640.96 & $886.25

If you're after the cheapest car to run, the Ignis could tick that box. It has the lowest weekly fuel costs of all the models on this list. Plus, it has relatively low five-year maintenance costs.

It's a fun, quirky-looking small crossover SUV with reasonable spec levels. As standard, you get satellite navigation, an infotainment touchscreen, voice command and Bluetooth connectivity. You also benefit from a generous boot space, at a very usable 271 litres!

Car reviewers enjoyed its unconventional style, saying it was practical and in a market of one. Apparently, it's also very useable for parking in the city and has a surprisingly high-up seating position. However, many also wished the Ignis had more advanced safety assists.

The Kia Rio, a cheap and affordable car

Kia Rio S


★★★★★

Compare loan repayments for $19,490 Currently on offer

Find a Deal

on Georgie's website

Weekly fuel costs5-year fuel costs5-year servicing costsWarrantyAvg. insurance premium & excess
$22.40$5,825$1,9887-year

1-year roadside assist

$523.51 & $886.25

(Cheapest to insure)

The Kia Rio is currently on offer making it one of the cheapest cars on sale in Australia and it was the cheapest car to insure on this list.

It's about average on fuel, but it does have a long warranty (seven years). The Rio also happens to be one of the most attractive cheaper cars. Car reviewers state the Rio is excellent value, roomy and the car was praised for having wireless Apple CarPlay and Android Auto. Other reviewers felt it was easy to drive but commented it was a little sluggish.

Specs-wise, the Kia Rio does fall down a little. The Picanto seems to offer more equipment for less money, though with the larger Rio, you do obviously get more space. The Rio is currently on offer, making it significantly cheaper than normal.

Suzuki Swift, one of the most stylish cheap cars?

Suzuki Swift GL Navigator


★★★★★

Compare loan repayments for $18,990

Find a Deal

on Georgie's website

Weekly fuel costs5-year fuel costs5-year servicing costsWarrantyAvg. insurance premium & excess
$18.27$4,750$1,3755-year

1-year roadside assist

$661.74 & $886.25

The Suzuki Swift is an all-rounder cheap car. It is reasonably fuel-efficient as well as affordable to maintain and insure (average premium was $661.74, and the excess was $886.25). It's a great-looking car and delivers up a Mini-like driving experience.

Reviewers who drove the Swift found it was lively, with a compliant ride and fair comfort for those in the back. For a while, I owned a Suzuki Swift and it was a fun little car to zip around town in, even in the most basic specification.

It's an affordable car to own, has exciting features like sat-nav and a leather steering wheel as standard and is, in some ways, a spiritual successor to the original Mini.

Read Suzuki Swift review

The cheapest ute, the GWM Steed

Great Wall Motors Steed cab-chassis


★★★★★

Compare loan repayments for $19,990 Cheapest ute

Find a Deal

on Georgie's website

Weekly fuel costs5-year fuel costs5-year servicing costsWarrantyAvg. insurance premium & excess
$32.40$8,425Not available5-year

1-year roadside assist

$782.76 & $886.25

The Great Wall Motors Steed is the cheapest ute on the list. It has a 1-tonne payload, 1,700kg braked towing capacity and 16-inch alloys.

The spec, as you might expect on a work-horse grade ute, is pretty sparse. It does have A/C though.

Fuel costs were high as the ute has a 2.0-litre diesel, plus the average insurance was the most costly of all models test, with a $782.75 premium.

But, if you need a cheap, new ute, this is the most affordable. Car reviewers were underwhelmed by the Steed. For reference though, the cheapest Toyota HiLux is almost $10k more than the Steed!

What to expect from the cheapest cars

Generally, the less you pay for a car, the fewer specs you should expect. However, cars like the Skoda Fabia and Kia Picanto buck this trend. Other compromises might also be made, such as steel wheels instead of alloys or a super-utilitarian interior.

The cheapest cars to drive

As you'll note from the above figures, a small difference in fuel consumption might not seem like all that much per week, but spread over five years, it adds up!

The cheapest cars to own and drive are the Mitsubishi Mirage ES, the Suzuki Swift GL and the Suzuki Ignis GL.

Car loans comparison

If you're looking for finance options to buy a cheapest car, consider comparing the car loan options below. By checking 'Compare', you can compare up to four providers on your Mac or PC and up to two providers on your mobile phone.

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Monthly Repayment View Details CTA
Latitude Personal Loan (Secured)
From
5.99%
(fixed)
7.26%
You'll receive a fixed rate between 5.99% p.a. and 21.99% p.a. based on your risk profile
Lock in a competitive fixed rate when you offer security. Loan can be used for any purpose and repayments are flexible. You can check your interest rate before applying with no impact to your credit score.
You'll receive a fixed rate between 5.99% p.a. and 21.99% p.a. based on your risk profile
Lock in a competitive fixed rate when you offer security. Loan can be used for any purpose and repayments are flexible. You can check your interest rate before applying with no impact to your credit score.
Loans.com.au - New and Dealer Used Car Loan
From
4.67%
(fixed)
5.22%
You'll receive a fixed rate from 4.67% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
You'll receive a fixed rate from 4.67% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
NRMA New Car Loan
From
4.99%
(fixed)
5.69%
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
Credit Concierge Car Loan
From
3.85%
(fixed)
4.91%
You'll receive a fixed rate of 3.85% p.a. with a comparison rate of 4.91% p.a.
Get access to over 20 providers to fund a new or used car.

You'll receive a fixed rate of 3.85% p.a. with a comparison rate of 4.91% p.a.
Get access to over 20 providers to fund a new or used car.

OurMoneyMarket Car Loan
From
5.35%
(fixed)
5.65%
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
Wisr Secured Car Loan
From
4.74%
(fixed)
5.01%
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

NRMA Used Car Loan
From
6.49%
(fixed)
7.19%
You'll receive a fixed rate from 6.49% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
You'll receive a fixed rate from 6.49% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
CUA Secured Fixed Car Loan
6.79%
(fixed)
7.16%
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
RACV New Car Loans
From
4.99%
(fixed)
5.69%
You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
IMB New Car Loan
4.99%
(fixed)
5.34%
You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Plenti Car Loan
From
4.89%
(fixed)
5.44%
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
Stratton Finance New Car Loan
From
3.85%
(fixed)
4.05%
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
SocietyOne Car Loan
From
6.99%
(fixed)
6.99%
You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
Driva Car Loan
From
3.95%
(fixed)
5.1%
You'll receive a fixed rate from 3.95% p.a.
Borrow up to $250,000 with loan terms from 1 to 7 years. Get access to a range of lenders.
You'll receive a fixed rate from 3.95% p.a.
Borrow up to $250,000 with loan terms from 1 to 7 years. Get access to a range of lenders.
People's Choice CU Discounted Personal Loan (Car Loan)
From
4.65%
(fixed)
4.99%
Borrow over $20,000 and secure with a new or used car less than 2 years (manufacture year 2018).
Pre-approval, no monthly fees and fixed rate for 5 years.
Borrow over $20,000 and secure with a new or used car less than 2 years (manufacture year 2018).
Pre-approval, no monthly fees and fixed rate for 5 years.
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Compare up to 4 providers

Compare car insurance providers

Along with finance providers, it'd be a good idea to compare car insurance providers too. It will give you an idea of how much your premium could cost you. To compare car insurance products, simply tick the 'Compare' box on the left-hand side. This will bring up features that you can then compare with other brands. When you're ready to get a quote, just click the green 'Get Quote' button.

Name Product Roadside Assistance Accidental Damage Storm Choice of Repairer Agreed or Market Value
Budget Direct Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Awarded the 2019 Finder Award for the Best Value Car Insurance, this policy offers solid coverage at a low cost plus you will get 15% discount on first year's premium when you take out a policy online. Budget Direct’s claims service has received a 4.2/5 based on nearly 5,000 customer reviews.

Who it might be good for: People who want a comprehensive policy without breaking the bank.
Bingle Comprehensive
Market
Finder's summary:Bingle consistently comes up as one of the cheaper insurers out there. It only covers the basics, so you don't get to choose your own repairer, you're not covered for personal items in the car and unless you add it as an option, you won't get a hire car if your car is stolen. But this keeps its premiums low.

Who it might be good for: Someone who wants a low-cost option that covers them for the basics.
Coles Comprehensive
Optional
Agreed or Market
Finder's summary: Coles have two-tiers of comprehensive car insurance to choose from. You'll earn double flybuys points at Coles supermarkets and you can get $10 off your Coles grocery bill every time you redeem 2,000 Flybuys points. If you're over 30, you can get roadside assistance free for a year.

Who it might be good for: Coles customers and Flybuys collectors.
Poncho Comprehensive
Agreed
Finder's summary: Poncho works like a monthly subscription – you pay monthly and can cancel and leave at any time. You can also list multiple cars and drivers under one policy, making it ideal for families and groups living together under one household.

Who it might be good for: People who want their car insurance month to month.
Woolworths Comprehensive
Optional
Agreed or Market
Finder's summary: Woolworths catches our eye due to some unique perks like a price-beat guarantee, where it'll beat any current comparable comprehensive renewal notice if you're over 25. You'll also get 10% off your grocery shop once a month and can add roadside assistance onto your policy for just $7.35 per month.

Who it might be good for: Woolworths shoppers and those that want to take advantage of its price-beat guarantee.
Qantas Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: You'll be able to choose how comprehensive you want your cover to be with optional extras like choice of repairer and the option of agreed or market value. Plus earn Qantas Points for joining and paying your premium. Sign up by 2 May 2021, you can earn up to 30,000 Qantas Points (points awarded will be based on your premium). T&Cs and eligibility apply.
ahm Comprehensive
Optional
Both
Finder's summary: ahm comprehensive car insurance lets you choose higher excess to reduce your premiums plus you can get up to 15% off when you purchase a new car insurance policy. T&Cs apply. Additionally, their Fixed Kilometre Plan can save you up to 30% compared to their standard comprehensive cover.

Who it might be good for: People who drive less than 15,000 km per year.
Virgin Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Finalists for the 2019 Finder Awards for Best Value Car Insurance, Virgin Comprehensive provides a good level of cover for a decent price. Get 15% off on your first year’s premium when you purchase a new eligible comprehensive car insurance online. T&Cs Apply.
QBE Comprehensive
Optional
Agreed or Market
Finder's summary: QBE is a sustainable insurance company and also Finder's Green Insurer of the Year 2020 Award winner. This policy offers the highest level of protection available from QBE including three-year new car replacement. You can also save $75 when you purchase a new comprehensive policy online. T&Cs apply.

Who it might be good for: Those that are looking for a more environmentally friendly insurance choice.
Stella Comprehensive
Optional
Agreed or Market
Finder's summary: Stella’s a female-focused insurer. It'll cover you if your car is damaged as a result of domestic violence. It offers higher cover for baby gear than most, with up to $2,000 cover for prams, strollers and child seats. Get $50 cash back when you purchase online between 1 April – 30 June 2021 using the code STELLA50. T&C apply.

Who it might be good for: Someone who wants a female-centred car insurance policy (it will cover men too).
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Compare up to 4 providers

Images courtesy of respective car manufacturer

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