The editors at AutoTrader.com have put together a list of 10 new and late model certified pre-owned vehicles that may fit into a new grad’s budget. We have noted an MSRP as listed at Kelley Blue Book (from KBB.com) and given the KBB’s out-the-door price, which includes tax and license, in Chicago. Fuel economy ratings come from the U.S. Department of Energy (fueleconomy.gov).
Nissan Versa Note
At a base MSRP of just $15,005, the 2015 Versa Note S hatchback is the lowest-priced car in this list. According to KBB, the out-the-door price is $15,336, including tax and license in the city of Chicago. A down payment of $2,798 and a 60-month, 1.99% car loan yields a monthly payment on the car of $220. The base model Versa Note with a four-cylinder engine and a four-speed manual transmission gets a combined city-highway fuel economy rating of 30 mpg.
The 2015 Honda Fit LX hatchback from Honda Motor Co. Ltd. (NYSE: HMC) carries a base model MSRP of $16,470 and the KBB out-the-door price for the car is $17,333. With a down payment of $3,167 and a five-year loan at 1.99% interest, the monthly payment is $248. The Fit LX with a four-cylinder engine and six-speed manual transmission has a combined city-highway fuel economy rating of 32 mpg.