By Charlotte Young
If you were planning to purchase your brand new car with a lower budget, think again. It appears that the end of affordable, $10,000-range new cars is near.
Next week in New York, an auto show is expected to showcase the latest models with a guaranteed higher price tag. One of those models is the 2012 Nissan Versa.
According to USA Today, the Nissan Versa has been described as “cheapest car in America.” Although the company’s website still has the vehicle listed as $9,990, the price of the new model is expected to rise at its auto show debut, or within a few months.
Another car on the cheap new car list is the Hyundai Accent, which is also in the sub-$10,000 range. But as with the Nissan Versa, its price will most likely rise at the showing. The Accent’s South Korean equivalent, the Kia Rio, has already seen a price jump. It is now listed at more than $11,000.
These price changes are sure to affect those looking to save, including college students, young professionals and working families. For those who still want a car on a smaller budget, perhaps buying a used car isn’t so bad after all.