Thinking of a cheap car today can cause laughter for many and headaches for a few others, but the truth is that it is still possible to buy a new vehicle for little money. Perhaps not at the level of those times in which it was viable to buy a car for 9,000 and even 8,000 euros, but we can enjoy offers such as the Mitsubishi Space Star. And we are talking about the cheapest car on the market, it costs 10,900 euros and wants to be the best option before the end of the year, but is it really?
And it is that at the end of the day it is necessary to clarify that the price of the Japanese utility is possible thanks to a discount of 3,250 euros, but at what cost? And this is none other than finance with the Japanese brand, a process that, although a priori makes Space Star very attractive, implies a series of interests that can make the final bill more expensive enough to discard the idea of occupying our garage with it.
This is the cheapest car on the market, a Mitsubishi Space Star for 10,900 euros
But before talking about numbers, we must know that the cheapest car on the market, the Mitsubishi Space Star, is constrained by a specific configuration. And it is that to enjoy said price we must opt for the Spirit trim and MPI enginethat is, the two access options, but does this pairing make the purchase of the Mitsubishi utility ugly?
The answer to this question can be obtained by analyzing its standard equipment, made up of air conditioning, electric windows and mirrors, automatic lights and wipers, LED daytime lighting, multimedia system with Bluetooth and DAB radio, on-board computer and tires 14-inch among others.
And if we still have doubts, we must analyze the mechanical section, starring for the occasion by a decent three-cylinder engine and 1.2-liter atmospheric produces 71 hp and 102 Nm of torque. Its management is carried out by means of a five-speed manual gearbox, and they allow a 0 to 100 in 14.1 seconds and a top speed of 167 km/h. These are very modest figures but they are offset by a combined consumption of 4.9 liters per 100 under the WLTP cycle.
Now, what conditions does Mitsubishi require of us to get what stands as the cheapest car on the market? The first thing is to face an entry of 2,900 euros, disbursement that will allow us to pay a first installment of 173.12 euros and 59 installments of 181.44 euros. To all this we must add a TIN of 10.20%, an APR of 12.62% and an opening commission of 3.80%, that is, 323 euros.
All this hodgepodge of numbers results in total interest of 2,378.08 euros, a figure that causes the total price in installments is 14,101.08 euros. We are talking about a figure that is not exorbitant but that may seem somewhat high taking into account the segment, benefits and equipment. Be that as it may, it is also possible to get hold of the Japanese utility by paying in cash, a method that implies an outlay of 13,650 euros.
The Mitsubishi Space Star in What car do I buy?
But the Mitsubishi Space Star isn’t the only utility in the segment, and maybe we can find out other more interesting options. These can be found through What car do I buy?the Diarimotor comparator where we not only find the largest offer of new cars, but also second hand.
Such is the case, that we can get hold of a Hyundai i10 for 11,950 euros, a very competitive price. Another plausible alternative is the Fiat 500, a model not only available for 13,625 euros, but also has an ECO label as it is a hybrid. And finally the Kia Picanto, which can end up in our garage for 12,376 euros.
But if the Space Star is the option to choose but we don’t have enough budget for a new one, we can always find a solution. on the second hand market. And that is where it is possible to considerably lower the price of the Japanese utility, as well as opt for other configurations.
