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Cheapest cars Australia

We compare price, insurance, fuel and servicing to find Australia's cheapest new cars

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.

The cheapest cars in Australia compared

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

on OnlineAuto.com.au's website

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

on OnlineAuto.com.au's website

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

on OnlineAuto.com.au's website

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

on OnlineAuto.com.au's website

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

on OnlineAuto.com.au's website

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

on OnlineAuto.com.au's website

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

on OnlineAuto.com.au's website

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

on OnlineAuto.com.au's website

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

on OnlineAuto.com.au'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

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

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

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

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

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

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

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

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

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.

Loans for cheap cars

If you're looking for finance options to buy a cheap car, you might want to find a cheap car loan 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.

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1 - 15 of 20
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
OurMoneyMarket Car Loan - Excellent Credit
ExclusiveFixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
6.57%
to 21.78%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$613.62
Go to siteMore Info
Finder Exclusive: Apply by December 15th 2023 and if approved, OurMoneyMarket will waive the establishment fee for Excellent Credit Customers.
OurMoneyMarket New Car Loan
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
loans.com.au - New - Variable Rate Special
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
Comp. Rate (p.a.)
7.36%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$630.83
Go to siteMore Info
NRMA New Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.49% p.a. and comparison rates from 6.19% p.a.)
CarMoney New Car Loan
ExclusiveFixed18 Months - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.89%
to 15.09%
Comp. Rate (p.a.)
8%
to 16.16%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$636.87
Go to siteMore Info
Finder Exclusive: Apply for and settle a car loan and get a $200 cashback. Limited time offer. Terms and conditions apply.
Stratton Finance New Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate from 6.52% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
RACV New Car Loans
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
You'll receive a fixed rate from 7.29% 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.
loans.com.au - New - Fixed Rate Special
Fixed3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.09%
Comp. Rate (p.a.)
8.21%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$638.73
Go to siteMore Info
You'll receive a fixed rate of 7.09% 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.

OurMoneyMarket Used Car Loan - No Vehicle Age Limit
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
NRMA Used Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% 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.
CarMoney Used Car Loan
Fixed18 Months - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.2%
to 15.75%
Comp. Rate (p.a.)
6.71%
to 16.18%
Application Fee
$399
Monthly Fee
$0
Monthly Repayment
$622.43
Go to siteMore Info
Stratton Finance Used Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate loan from 6.52% p.a. with a comparison rate of 6.95% p.a.
A used car loan of up to $300,000 with quick approval times and balloon payment options.
RACV Used Car Loans
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
loans.com.au - Variable Rate Used Car < 3 years
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.74%
Comp. Rate (p.a.)
8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$644.82
Go to siteMore Info
loans.com.au - Variable Rate Used Car < 5 years
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.74%
Comp. Rate (p.a.)
8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$644.82
Go to siteMore Info
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Showing 15 of 20 results

Images courtesy of respective car manufacturer

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