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What Is the Cheapest Car I Can Buy?

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When people ask what the most economical or cheapest car is, they usually mean one thing: a cheap car to run.
Not just cheap to buy, but affordable cars day-to-day. Fuel economy, car insurance, servicing, repairs – the whole lot.

And here’s the truth most glossy car lists skip over: the cheapest cars are rarely new, exciting, or fashionable. They’re proven, slightly boring, and very good at quietly getting on with the job.

Let’s break it down properly.

What does “economical” actually mean?

An economical car isn’t defined by one number on a spec sheet. It’s the result of several things working together:

  • Purchase price – what you pay up front
  • Fuel economy – how far it goes on a tank
  • Car insurance group – often overlooked, but hugely important
  • Reliability – fewer surprises, fewer bills
  • Parts availability – common cars are cheaper to keep alive

A car that’s cheap to buy but expensive to insure or repair isn’t economical. Likewise, a very efficient car that costs a fortune up front can still end up costing more over time.

Why older cars often make more financial sense

This is where used cars – especially complete, driveable ones – really shine.

Older, well-proven models usually:

  • Have already taken the biggest depreciation hit
  • Use simpler engines and technology
  • Have widely available, affordable parts
  • Are well understood by independent garages

That combination is hard to beat if you’re thinking in real-world costs rather than showroom appeal.

Examples of genuinely economical cars

There’s no single “best” option for everyone, but these types of cars consistently score well for affordability.

Small petrol hatchbacks

Think along the lines of older Toyota Yaris, Ford Fiesta, Vauxhall Corsa, or Hyundai i10.

Why they work:

  • Light on fuel
  • Low car insurance groups
  • Cheap tyres and servicing
  • Massive parts availability

They’re ideal for short commutes, town driving, and first-time buyers.

Sensible diesel commuters

For higher mileage drivers, older diesel models like the Volkswagen Golf, Ford Focus, or Skoda Octavia can still make sense.

Why they work:

  • Strong fuel economy on longer runs
  • Comfortable at motorway speeds
  • Long service life if maintained properly

The key here is buying sensibly and avoiding neglected examples.

Reliable Japanese and Korean cars

Models from Toyota, Honda, Kia, and Hyundai have earned their reputation for a reason.

Why they work:

  • Strong reliability records
  • Fewer complex systems to fail
  • Predictable maintenance costs

They’re rarely exciting, but they’re often very cheap to live with.

Costs people often forget about

This is where “cheap” cars can quietly stop being economical.

Things worth checking before you buy:

  • Insurance group – even small cars can surprise you
  • Timing belts vs chains – belts mean scheduled costs
  • Tyres – larger wheels cost more than you think
  • Servicing intervals – missed services can get expensive later

An economical car is one that doesn’t keep asking for money.

So… what’s the most economical car?

There isn’t a single answer – and that’s a good thing.

The most economical car for you is one that:

  • Fits your mileage and driving style
  • Has low running and insurance costs
  • Is mechanically simple and well-supported
  • Is complete, roadworthy, and ready to drive

That’s why many buyers focus on whole, driveable vehicles rather than taking risks on unknowns.

A sensible way to buy economically

If affordability is your priority, starting with a complete vehicle makes life easier. You can assess condition properly, plan costs realistically, and get on the road without surprises.

It’s not glamorous, but it is sensible.

Final thought

The most economical cars are rarely the ones shouting the loudest. They’re the dependable, slightly dull cars that just keep going without draining your wallet.

And in the long run, that’s exactly what most people are looking for.

Looking for an economical car you can drive away?

If you’re focused on keeping costs down, starting with a complete, driveable vehicle makes a lot of sense. You can see what you’re buying, assess condition properly, and avoid unexpected work before you even get on the road.

Our Drive Away cars are whole vehicles that are ready to be used as cars – not broken for parts. It’s a straightforward way to find a practical, economical option without unnecessary guesswork.

Browse our Drive Away stock and find a car that suits your budget and your driving needs.

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Increment bidding allows Copart to increase your entered bid by one and only one increment in the event your entered bid is tied by a live virtual bidder. If your bid is the highest bid, then your bid will NOT be incremented. Our increments are based on the following table:

Bid Range £Increment £
0 – 101
10 – 505
50 – 10010
100 – 1,00025
1,000 – 5,00050
5,000 – 25,000100
25,000 – 9,940,000250
9,940,000 – 9,999,999.991000

Example 1: You checked the increment bid box and bid £ 15,000. Live auction bid is currently at £ 15,000 (a tie with your bid – unfortunately, it happens). Your internet bid is placed next at £ 15,100 (because you checked the increment bid box). The car sells to you at no more than £ 15,100 or to live auction bidder for £ 15,200 or more.