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 incldues standard equipment like power windows, mirrors and locks, a decent stereo, and automatic climate control -- but it 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 in the hopes of keeping insurance rates down, and they've backed it with an epic warranty: 5 years or 60,000 miles of bumper-to-bumper protection and 10 years/100,000 miles on the powertrain. The only real problem with buying a Mirage is that you then have to drive it: It's slow and noisy, it doesn't handle particularly well, and its soft suspension loses its composure at the slightest bump. The Mirage is a great value, but not a particularly great car.
Read more: Mitsubishi Mirage review
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