Wednesday, April 8, 2009

And my used one with 153,000 miles cost $3000?


According to US NEWS AND WORLD REPORT "

The least expensive new car in America can be purchased for under $10,000, manages better than 30 mpg on the highway and earned very solid safety scores from the insurance industry.

It's the 2009 Nissan Versa. Kicking Tires explains, "The new Nissan Versa 1.6 sedan is the cheapest new car in the States, with an MSRP of $9,990." The model available for that price is a stripper. It's "powered by a 107-hp, 1.6-liter four-cylinder. That's 15 hp less than the regular Versa 1.8, but it's still competitive." It "comes with a standard five-speed manual" transmission. A four-speed automatic is available, but it bumps the cost up to $11,990. Even air conditioning is just optional on the Versa 1.6, costing an additional $1,000. The car is more fuel-efficient than other Versas, with EPA ratings of "26/34 mpg city/highway in the manual and 26/33 with the automatic. That's competitive with everything in the economy segment except the Yaris and the Smart ForTwo."

The deal significantly undercuts other very-inexpensive new cars. Jalopnik reports, "The cheapest cars currently are the 2009 Chevy Aveo ($12,625), 2008 Kia Rio ($12,145) and 2009 Hyundai Accent ($11,070), putting the Versa well below these competitive models." The car is also available with zero percent financing in November, and with a $500 discount for college students."


On the other hand and what's really cheap....


CNN Reports on what's really the cheapest car. "NEW DELHI (CNN) -- India's Tata Motors Monday announced it would begin delivery of the Nano, billed as the world's "cheapest car", in July.

The four-door Nano is currently being built in "limited numbers" at a company plant in the north Indian hill state of Uttrakhand.

Tata Motors, however, aims to make 350,000 Nanos a year from 2010 at another unit elsewhere in the country, a company statement said.

"It is to the credit of the team at Tata Motors that a car once thought impossible by the world is now a reality. I hope it will provide safe, affordable, four-wheel transportation to families who till now have not been able to own a car. We are delighted in presenting the Tata Nano to India and the world," company chief Ratan Tata told a news conference in Mumbai to announce the "commercial launch" of the $2,000 car.

Tata Motors said the Nano would initially be available through bookings or reservations filed on a request form priced around $6, or Rs 300. Tata will accept the bookings from April 9 to April 25.Within 60 days of the closure of bookings, Tata Motors will process and announce the allotment of 100,000 cars in the first phase of deliveries, through a computerized random selection procedure, it added.

"Deliveries will commence from July 2009," said the company."

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