
The COVID-19 pandemic initially slowed automobile gross sales, however now many new-car consumers are making costlier purchases than ever earlier than, in keeping with gross sales information from Edmunds.
The typical transaction worth for a brand new automobile within the third quarter of 2020 was barely above $39,000, with funds averaging slightly below $570 per 30 days. That is a worth improve of about $2,000 from 2019.
However a month-to-month cost approaching $600 simply is not in attain for a lot of consumers. With this in thoughts, we sought to seek out numerous new autos that might be had at a extra attainable $399 month-to-month cost.
Factoring in as we speak’s common annual proportion charge (4.6%), a preferred mortgage time period (72 months) and a lower-than-average down cost quantity of $4,000, a automobile with a producer’s steered retail worth of $29,000 will match that month-to-month cost goal.
We have compiled a listing of autos that may be financed for lower than $399 a month utilizing the above parameters. Keep in mind that with some research, you possibly can simply safe a deal for lower than MSRP. Notice that whereas we’ll embody vacation spot and dealing with costs within the costs beneath, gross sales tax and charges usually are not included and might range by location.
2021 KIA FORTE
Small sedans are now not the drab, soulless econoboxes of yesteryear. The Kia Forte, for instance, is a pointy little four-door with plenty of options and character. Redesigned for 2019, the Forte has all the most recent driver conveniences and security options, in addition to a cabin with a sporty design aesthetic and high-quality supplies. The bottom engine will get the job finished, however consumers searching for a sportier edge ought to try the GT mannequin, which contains a extra highly effective engine and distinctive transmission choices.

Advisable trim: EX ($24,055). Except you need the GT’s turbocharged engine, the EX is the way in which to go. It has nearly each function the Forte presents, but it would not price an arm and a leg. Utilizing the parameters above, funds on a Forte EX will likely be roughly $320 per 30 days.
2021 HONDA INSIGHT
Consider the Honda Perception as an electrified Civic. The 2 match up fairly carefully by way of dimension, worth and tools, and each have loads of passenger and cargo room. The Perception’s hybrid powertrain is the first differentiator. Whereas it is not as fast because the Civic in a straight line, the Perception consumes far much less gasoline. Relying on trim, the Perception earns 48-52 mpg within the EPA’s mixed cycle, whereas the turbocharged Civic will get 33-36 mpg mixed. The Perception can be barely newer and advantages from a next-generation infotainment system.
Advisable trim: EX ($25,765). The EX is barely a little bit costlier than the bottom LX and provides options similar to Apple CarPlay and Android Auto performance, a touchscreen infotainment system and blind-spot monitoring. Funds on an Perception EX utilizing our calculations will run slightly below $350 per 30 days.

2021 KIA K5
The Kia K5 is the most recent model of Kia’s midsize sedan, previously often known as the Optima. The K5 is notable for its smooth and complicated sheet steel and near-luxury cabin. Many inside surfaces are lined in soft-touch imitation leather-based or convincing facsimiles of open-pore wooden and textured aluminum. The K5 presents a powerful worth assertion, with nifty options together with wi-fi smartphone compatibility and ventilated seats out there at a worth that’s commensurate with extra flippantly geared up rivals.
Advisable trim: GT-Line ($26,355). The midtier GT-Line provides the K5 a sporty feel and look whereas including fascinating creature comforts. A pair of possibility packages can outfit the GT-Line with much more goodies, and it is one of many solely fashions out there with all-wheel drive. Funds on a K5 GT-Line with our parameters will run about $355 per 30 days.

2021 MAZDA CX-5
The Mazda CX-5 is certainly one of our favourite compact crossovers. Although a little bit smaller on the within than its main competitors, the CX-5 makes up for that with an attention-grabbing design and inside supplies that rival what you may discover in luxurious SUVs. It is also enjoyable to drive, with wonderful dealing with and sharp steering. Efficiency aficionados with a versatile finances ought to snag one of many fashions powered by the elective turbocharged engine.
Advisable trim: Touring ($28,110). The CX-5 Touring provides numerous options for the cash and opens the door to the budget-friendly but complete Most well-liked SV bundle. Month-to-month funds on a CX-5 Touring with our calculations verify in at slightly below $385 per 30 days.
EDMUNDS SAYS: Though the typical automobile cost is now an eye-popping $570 per 30 days, consumers do not need to spend that a lot to get an awesome automobile. In truth, a few of Edmunds’ top-rated sedans and crossovers may be snagged for much much less.
Discover additional
Edmunds: 5 high-tech autos for lower than $36,000
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Evaluate: A number of the greatest automobiles price lower than $399 per 30 days (2020, December 2)
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