If you're looking for a new car, but need to keep track of your pennies, then you'll want to find a ride that offers great value for your money.
The good news is that the current selection of vehicles on the market offers plenty of options to choose from that are both stylish and affordable.
Cars to consider
Not sure where to start? Here are a few of the latest economy cars that will get you where you need to go.
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Volkswagen Golf hatchback – This popular hatchback offers the stylish appearance and dependability that Volkswagen is known for, plus a low sticker price. It's roomier than you might expect and gets great mileage – especially if you choose the Bluemotion package, which offers a number of fuel-efficiency features.
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Citroen C4 Cactus – Proof that an economy car doesn't have to be a hatchback, this small SUV offers plenty of interior space and a quirky appearance, all at an affordable price. Its unusual rubber panels on the outside help to prevent damage caused by door-opening dings in carparks. Plus, the Blue HDi model offers an impressive 91 miles to the gallon (mpg).
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Vauxhall Corsa – It's one of the smallest of the economy cars, but its diminutive size helps to keep costs down. The Corsa is also good looking and practical, making it perfect for zipping around town or the occasional trip out of town for a weekend away.
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Peugeot 308 – With a 1.6-litre diesel engine that produces 118 brake horse power, this economic hatchback offers 91.1mpg and can get from 0-62 mph in ten seconds. It also comes with a system that treats exhaust cases – meaning its emissions are so low that road tax is free.
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Kia Rio – This model brought European styling and up-to-date driving characteristics to the Kia range. The Rio is a practical and cheap to buy and the 1.1-litre diesel engine offers 88.3 mpg, making this a great little car for a small budget.
Don't just look at the sticker price
Remember that an economy car shouldn't just be cheap to buy. It's also a good idea to look at some of the long-term costs.
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Fuel efficiency – A car's mileage will have a major bearing on how much you spend over the life of the vehicle – and it may be worth getting a slightly more expensive car with better fuel efficiency.
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Petrol or diesel – This choice will largely depend on they type of driving you tend to do. For example, Diesel vehicles tend to offer better fuel economy over long journeys, while petrol cars are better for city driving.
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Electric hybrids – Hybrids tend to be pricier up-front, but they can save you a lot on fuel. Plus, you'll pay less in road tax and if you live in London, buying a hybrid could mean you don't pay the congestion charge.
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Reliability – Try to choose a make known for reliability, as this could help you to avoid costly repairs.
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Insurance – Before you buy, find out how much it will cost to insure a car. Premiums will cost more for certain vehicles because of things like how much power they have or if they're considered more desirable.