As of 2015, the cheapest cars available in the United States include the Nissan Versa, Chevy Spark, Kia Rio LX and the Ford Fiesta, according to Autobytel. Each of these automobiles sell for less than $15,000 brand new.
Lists of the year's cheapest new cars can often be found on money or car sites such as AutoTrader.com or Forbes.com. Car review sites such as Edmunds.com or MotorTrend.com can also be used to sort cars by a particular feature, including price.
In the United States, Oregon is the least expensive state in which to purchase a car, while Alaska, New Hampshire, Montana and Hawaii follow close behind. The price of car ownership includes several factors, such as state and local taxes, the cost of state registration and dealer documentation fees.
As of 2015, some of the cheapest older cars are the 1970 MG MGB, the 1964 Ford Thunderbird Coupe and the 1966 Ford Mustang Coupe, according to Bankrate and Hagerty. Prices for these cars range between $5,000 and $26,000.
In general, the cheapest cars to insure are the most inexpensive and those that cost the least to repair, says Forbes. As of 2015, these vehicles include family minivans and SUV crossovers. Cars with lower horsepower and those that are unlikely to be stolen are also cheaper to insure, explains Kelle
Find the average prices for the year's cheapest cars at Autobytel.com. The least expensive cars on the 2015 market range in price from the 2015 Kia Forte at $15,890 to the 2015 Kia Forte Koup at $18,590, according to Autobytel.
A number of mobile apps allow users to track gas prices in their areas, as of March 2015. Some examples are GasBuddy, SmartFuel and Gas Cubby.
In 2014, Kentucky was the cheapest state to live in, according to CNBC's cost-of-living index. In Kentucky, the average home price is $244,299, and a gallon of milk costs $2.19, as of 2014.
The cheapest salvage cars can often be found using auction websites, local auctions or dealers specializing in salvage vehicles. Sites such as eBay let the buyer compare car prices and search for the least expensive. This can be a risky way to buy a car intended for regular use, however.
Crude oil was cheapest by the barrel in 1998, when each drum cost just over $17 once adjusted for 2015 prices. The next closest price was recorded in 1946 and cost approximately $19.41 after adjusting for inflation. The price of oil is highly susceptible to the supply and demand of the market.