Finance and Insurance in USA

Despite a modest price increase and its third name change in as many years (first it was the Accent GS Base, then the Accent Blue, and now it's the Accent GL) , the little Hyundai hatchback is once again the least expensive car in America. As you can imagine, the Accent GL is pretty well stripped down; air conditioning is a $1,000 option, but if you want anything else -- power windows, an automatic transmission, or even a radio -- you'll have to step up to the $13,415 Accent GS -- and for that price, there are better cars.

Not that the Accent GL is a bad car; it comes with power steering and an eager 110 horsepower engine, and it's good fun to drive in a back-to-basics sort of way. Still, limited safety equipment and mediocre crash scores make it difficult to justify.

For $35 more than the Accent GL, the Nissan Versa 1.6 Base offers two extra doors, better resale value, and -- most importantly -- a lot more interior space, even more than some mid-size sedans. That makes the Versa 1.6 the cheapest set of family-friendly wheels available.

As of 2011, the Versa 1.6 comes standard with power windows and door locks -- not something you'd expect in a car tihs cheap. But there's still no stereo and color choices are limited to blue, silver and black. However, you can add antilock brakes, air conditioning and an automatic transmission and still keep the price (just) under $13,000. If you can afford a bit more, the bargain pricing extends throughout the Versa lineup -- a Versa 1.8 with a stereo, A/C, cruise control and electronic stability control lists for just $15,780.

Like most cars at this end of the price scale, the base-model Chevy Aveo is a stripped-down model, though it does get an AM/FM radio with an input jack for an MP3 player, OnStar, and a provision for dealer-installed air conditioning (at extra cost, of course). The Aveo offers a full color palette (unlike the Accent and Versa, offered only in a few dull colors) and a tan interior with fake-wood trim, which sounds cheesy but actually looks pretty nice. You can even get a hatchback version for $200 more.

On the flip side, the Aveo doesn't drive very well, it's weak on safety equipment, and adding factory A/C, a CD player, and power windows pushes the price well past $15k. For that kind of money, you can do much better.

The Kia Rio Base is much like the Hyundai Accent GL and the Nissan Versa in that it offers little standard equipment (no stereo, limited color choices) and few options (floor mats and, inexplicably, a trunk-mounted spoiler). The Rio has an eager engine, but the non-power-assisted steering feels lousy in the curves and makes parking a workout. The next step up from the Rio Base is the Rio LX, which gets air conditioning, a CD player, and antilock brakes (ABS) -- but at $15,690, it's a staggering $3,700 more than a Nissan Versa 1.6 with optional A/C and ABS. (At that price, the Versa lacks a stereo, but that's easily solved with a trip to Best Buy.) And the Nissan has better resale values and crash test scores. Just goes to show that a low price doesn't always mean good value.

It's no surprise that the smallest car in America is also one of the least expensive, but the cheapest version of the Smart Fortwo, called the Pure, is pretty sparse -- no power windows or mirrors, no air conditioning, not even a stereo. But it does include an automatic transmission and lots of safety gear, including side airbags, antilock brakes, and electronic stability control (ESC) -- in fact, it's the least-expensive car to offer this life-saving technology as standard. And the creature comforts missing in the Fortwo Pure come standard in the Fortwo Passion, which costs only $2,000 more.

The Yaris 3-door has always been one of the smartest cheap-car buys, with air conditioning, antilock brakes, and electronic stability control all standard and an automatic transmission reasonably priced at $800. If you need something with back doors, Toyota offers a 5-door version of the Yaris for just $300 more than the 3-door. The Yaris is good looking, easy to drive, and small, which means it can be squeezed into impossibly small parking spaces. Epic reliability makes the Yaris a good choice for those who keep their cars forever, and strong resale values are a plus for those who don't.

Kia's stylish mini-wagon is an intriguing car and an outstanding buy. The $13,995 base model includes air conditioning, power windows and locks, CD stereo with USB input jack, antilock brakes and electronic stability control -- arguably the best value-for-money on this list. So what's the catch? Well, the base-model Soul only comes in white, silver or black, it's not available with an automatic transmission, and its 122 horsepower 1.6 liter engine is less powerful than the 142 hp 2-liter unit found in other versions of the Soul -- but it's every bit as comfortable, practical and safe. If you can live with a stick-shift, the base-model Soul is a lot of car for the money.

The Fiesta is a brand-new addition to this list, and it comes on strong, with four doors, a 120 horsepower engine, electronic stability control, power steering, and an AM/FM radio with an auxiliary input jack. But what really sets the Fiesta apart is the way it drives.

Designed in Europe, the Fiesta is huge fun on curvy roads and delivers outstanding fuel economy, even better if you spring for the automatic (a high-tech six-speed twin-clutch transmission). It's cute, cheeky and eager, a thoroughly lovable car -- and the low price makes it that much easier to love. No question, the Fiesta is my favorite set of cheap wheels.