The cheapest new cars on the lot are small cars that get great gas mileage.

Sounds like a
two-fer to us.

Thanks to plunging car sales, and the fact that dealers are struggling to survive, there are outrageously good deals on the market right now. We don't have to keep updating this page because of price increases -- prices keep dropping!

Who would have imagined just a couple years ago a BRAND NEW CAR, with a warranty, under $10,000?

First, consider how many 08 models are still on dealer lots. You can find a Ford Fusion, a mid-size car, for the same price you used to see on a Ford Focus -- a subcompact. The Nissan Versa offers a stripped down 09 version for $9,990 (air conditioning is $1,000 extra) but it's also offering $1,000 cash back on 08s. That's right -- you can still find an 08 Versa, and get it for $9,500.

Hyundai is determined to keep the lowest priced car on the American market, and cuts the price of its Accent every time Nissan cuts prices on the Versa. Check your local ads and see for yourself, and remember, the Kia Rio (long rated the best subcompact on the market by J.D. Power) is essentially the same car as the Accent.

The Chevy Aveo, like all the other cars listed here, can be found around $10,000 -- and consider what that really means. With just a standard down payment, and just a three or four-year note, you can be driving a brand new car with a really affordable payment -- around $300 a month.

Other entry-level cars of note include the Toyota Yaris (around $11,500 but make a lower offer and you might just get it) and the Smart ForTwo. That super-tiny car can be snagged for as little as $11,500.