4. Mitsubishi Mirage $13,790
Good value? Yes, if you're not picky
Mitsubishi is taking this whole inexpensive car thing pretty seriously. Not only is the Mirage priced under $14k -- and that includes standard equipment like power windows, mirrors and locks, a decent stereo, and A/C with automatic temperature control -- but it's also incredibly fuel efficient. Powered by a tiny 74 hp 3-cylinder engine, the featherweight Mirage is EPA-rated at 34 MPG city and 42 MPG highway for the stick-shift and 37/44 (!) for the automatic, which is darn close to hybrid and diesel territory. Mitsu has even designed the structure for easy repairs to keep insurance rates down, and they've backed it with an epic warranty: 5 years/60,000 miles bumper-to-bumper and 10 years/100,000 miles on the powertrain. The biggest drawback to buying a Mirage is driving it: It's slow and noisy and its soft suspension (designed for bad roads in third-world countries) gets very unhappy over bumps. Still, you can get a Mirage with all the options -- including alloy wheels, keyless entry and ignition, a backup camera and navigation -- for $16,890, about $1,500 less than a comparably equipped Nissan Versa. That makes the Mirage a great value, if not exactly a great car.
Read more: Mitsubishi Mirage review
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