If you’re in the market for a new car, now is the time to buy. It seems like the perfect storm for consumers, with new car sales are at record lows and the auto industry desperate to unload their inventory.
Every auto maker is having some kind of event or special deal, GM has it’s Red Tag Event; Ford has employee pricing to everyone and interest-free financing; Toyota and Nissan both have zero-percent financing. Even BMW has some low-rate financing on particular models. But the best deal may be on the Hyundai Accent, which in addition to being the “country’s most dependable sub-compact car” according to JD Power, is now also the cheapest.
Up until just yesterday, the title for the least expensive car in the country went to the 2009 Nissan Versa, at $9,990. However, for that price, it’s the completely stripped down version, AC even costs another $1,000. Still, it’s an amazing deal considering the prices of other cars in it’s class like the Chevy Aveo for $12,625 and the Kia Rio for $12,145. But it has some price competition now. Hyundai re-took the the cheapest American car title, announcing new pricing for the 2009 Hyundai Accent GS 3-Door yesterday. The GS 3-Door will now start at just $9,970. They undercut the Versa by $20 bucks, while still keeping all the standard equipment from last years mode.
This version of the Accent comes standard with a 1.6-liter four-cylinder engine good for 110 horsepower, a five-speed manual transmission, and things like side-impact airbags, a six-way adjustable driver seat, a rear spoiler, and a 60/40 split fold-down rear seatback. In addition, it comes with Hyundai’s well-known powertrain warranty and roadside assistance program.
In their 2008 Vehicle Dependability Study, J.D. Power and Associates reported that the Hyundai Accent had the lowest number of problems per 100 vehicles in the sub-compact car segment.