There’s nothing like the smell of a new car, knowing that the future holds plenty of miles and memories. But hold on. The average transaction price for a new vehicle in America today is almost $40,000. You were thinking lower. Much lower. If you have about $15,000 to spend, you’ve only got three choices when it comes to a brand spanking new car, and we list them in this article.
However, when it comes to saving money, just about the smartest thing you can do is buy a reliable used car. Even smarter is buying a certified pre-owned (CPO) vehicle that a dealership scrutinizes and reconditions to high standards determined by the automaker, and which comes with a warranty, roadside assistance, and more. Because there’s no point in saving money by buying a used car if you have to spend money fixing it. On the pages that follow are the three remaining new cars under $15,000, plus seven great alternatives offered through CPO programs that also cost less than that amount. They are listed in alphabetical order.