Chevy Aveo: The Lowest Priced Car In America

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Affording a new car is difficult these days for some consumers as prices continue to climb upwards to an average of just under $30,000. Certainly, luxury cars pull that median Chevrolet Aveoaverage up, but finding a decent car for under $15,000 seems especially challenging for many families. Fortunately, on the bottom of the price rung one car, the Chevrolet Aveo5, weighs in at $10,895, a price competing quite well with many late model used cars. GM, which imports this vehicle from its Korean subsidiary GM Daewoo, has been offering a value-priced Chevy since it was first imported to the US in 2004. For the person wanting a bit more, a sedan version of the Aveo is also available.

Many basic cars come packaged with the bare minimums included — air-conditioning is extra, a manual transmission is standard, and most of the other creature comforts are included with special convenience packages that can add several thousands of dollars to the the base price. The Aveo5 is no different from these types of vehicles, but this five-passenger hatchback does offer Chevrolet’s 5 year/100,000 mile limited warranty, an economical 1.6L I4 engine, AM/FM radio with dual front and rear coaxial speakers, side impact air bags, 60/40 folding split seats, and more. Not a lot of amenities, but for an extra $1700 you can get air-conditioning and carpeted floor mats included.

Rear passengers in some small cars are usually considered an afterthought by designers. With the Aveo, rear seating is sufficient with theatre-seating standard — this means that rear passengers get a commanding view of the road instead of having to peer at the back of the person’s head sitting in front of them. The back seats do fold down, creating a surprisingly large amount of cargo space to haul favorite dorm items including music system, folding bed, a small chest of drawers, and boxes filled with household items.

A slightly larger model, the Aveo LT sedan, retails for just under $13,000 and comes standard-equipped with air conditioning. For drivers wanting a private storage area, the trunk is ideal with additional storage space available by folding down the rear seats. Like the hatchback, the sedan can also carry as many as five people.

Fuel economy is 24 city, 34 highway which is considered good with the tighter emissions requirements now in place. With an all new 2009 model due out this summer, buyers should be able to negotiate a lower price on the car. As of this writing, Chevrolet is offering $500 cash back on the Aveo or 4.9% financing. Consider taking the cash and financing on your own for the best savings.

Comparable cars in the Aveo’s class include the Honda Fit, Toyota Yaris, and the Hyundai Accent.

Photo copyright/courtesy of General Motors. Pictured: 2008 Chevrolet Aveo LT sedan.

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Categories: Campus Cars