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You want a new car at the cheapest possible cost? Here are the top 10 cheapest cars we could find for you pal. They’re all 2011 models sold in Canada. The prices listed are base MSRP for the most basic of each model (zero options). The monthly payments listed below are based on no-money down and no trade in but includes all fees and taxes. We’re only showing one model per manufacturer (the cheapest one, of course). And finally, when you’re shopping on a budget you want to know how much the car will set you back each month, so we’ll estimate the cheapest possible per-month scenario with any applicable manufacturer’s program and good-credit interest rates, minus rebates since they frequently change.

2010 Suzuki Swift Sedan


Don’t let the size fool you! At only $14,715 the Suzuki Swift isn’t bad. It’s designed to get you from point A to B at a fraction of the cost of its bigger and more expensive siblings. Fuel economy of 5.7 L/100Km (highway) and 7.9 L/100Km (highway) means big savings at the pump.

It’ll only cost you: $281.51/month (0% APR for 72 mos.)

2011 Honda Fit DX


Starting at only $14,480, the 2011 Honda Fit, is one amazing car, designed to maximize what little space it occupies.

When you’re a Honda Fit driver, every trip becomes a fun adventure. With the comfort and quality you’d expect from a Honda, combined with peppy performance from its 117hp engine and unmatched versatility for a car of its size, it’s easy to see why the Fit is such a huge success for Honda. Thanks to the many design innovations and safety features, with Honda Fit you’ll always have the perfect car for every situation.

It’ll only cost you: $298.06/month (6.5% APR for 72 mos.)

2011 Toyota Yaris 3-Door


At only $13,995 the 2011 Toyota Yaris is vibrantly original and the least expensive economy car offering from the Toyota line of vehicles. Today’s sub-compact buyers recognize the real thing. They want a vehicle built with substance and attitude, busting with style, offering a full spectrum of choices, and leading in the type of innovative thinking that produces powerful leading edge technology. They want Toyota Canada’s 2011 Yaris Hatchback.

It’ll only cost you: $275.25/month (4.5% APR for 72 mos.)

2011 Mazda 2 GX


This $13,995 base model 2011 Mazda 2 GX lets you indulge in the lost art of manually operating your air conditioning via power windows which come standard with Mazda 2.

The 1.5L DOHC 16-valve Engine, 100 horsepower produces excellent fuel economy – 6.8L/100 km (City), 5.6L/100 km (Hwy)

It’ll only cost you: $265.34

/month (2.9% APR for 72 mos.)

2011 Chevrolet Aveo


At only $13,995, the 2011 Chevrolet Aveo is all about being spontaneous. Going where you want, when and how you want to get there. In a car that swallows your stuff – with up to 1054 litres of space in Aveo5. Using little fuel, with a 5.7 L/100 km highway fuel consumption rating**. And it’s about having fun along the way with standard features like a CD player, MP3 playback and an auxiliary audio input jack. Sound like the car you want to drive? Then take a long look at the surprisingly roomy, well-equipped and affordable 2011 Chevrolet Aveo5.

It’ll only cost you: $264.42/month (3.9% APR for 72 mos.)

2011 Smart For Two


“open your mind” to 2011 Smart ForTwo, and question the status quo, take a different angle and risk a fresh approach – all essential elements when broadening your horizons. The smart fortwo at only $13,990 is an extraordinary vehicle concept for greater mobility in the ever-so-dense urban traffic. A concept that simply makes more intelligent use of the ever diminishing space available in our towns and cities.

It’ll only cost you: $272.87/month (7.44% APR for 72 mos.)

2011 Kio Rio EX Sedan


Compact, practical and fuel-efficient! At only $13,695 the 2011 Rio EX Sedan has all the basics covered, and then some. Because Rio is loaded with surprising extras that don’t cost extra.

You get a sharp-looking, easy-handling sedan with roomy, four-door comfort and way-beyond-basic features. Things like a standard AM/FM/CD/MP3 audio system with iPod®-friendly auxiliary and USB ports, and standard hands-free Bluetooth® cell phone capability. All this plus fun-to-drive performance from a 1.6-litre engine with a 5.6L/100 km highway fuel-economy rating. That’s the 2011 Rio EX Sedan.

It’ll only cost you:$237.77/month (0.0% APR for 72 mos.)

2011 Hyundai Accent 3-Door


These days, everybody wants more for less. At only $13,599 with Hyundai Accent Hatchback, you get it. Enjoy reliability, fuel efficiency and affordability in a sporty compact package.

This really cute car has everything you’d want in a compact car: it’s spacious, it’s reliable and it’s safe. What’s more, it’s a new car that’s affordable to buy and – because it’s so fuel-efficient – affordable to run.

Also don’t forget about that 5 year/100,000KM warranty that covers nearly every new vehicle component.

It’ll only cost you: $216.41/month (1.9% APR for 72 mos.)

2011 Ford Fiesta Sedan


Sure, the 2011 Ford Fiesta is a looker. But at only $12,999 it’s about action, too. With available SYNC® technology, a peppy 1.6L Ti-VCT Duratec engine, cell-phone inspired interior, and so much more, Fiesta is always ready to get a move on.

It’ll only cost you: $277/month (1.9% APR for 72 mos.)

2011 Nissan Versa 1.6 Sedan


And the winner is … the 2011 Nissan Versa 1.6 S Sedan. It is a car that is fun to drive, smart to own, and easy to love. It will set you back only $12,698 if you’ve got the cash on hand. Its 5.8L/100km fuel economy means you will get up to 862 kilometers of driving between fill-ups, which translates to huge savings at the pump with current gasoline prices. Just because you’re getting the cheapest car in Canada doesn’t mean you have to sacrifice on safety since all Nissan Versa models come equipped with not just one, but get this, 6 standard airbags.

It’ll only cost you: $245.12/month (3.9% APR for 72 mos.)


Every year, IBC publishes a list called “The Top 10 Most Stolen Cars.” See if your car is a potential target.

2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003

How often your make and model of car is stolen is one of the factors insurers use to set your insurance premium. It’s a good idea to check out these lists, as well as the publication How Cars Measure Up: How theft, collision and other claims affect the cost of your car insurance.

Thieves generally steal cars for one of four reasons:

1. For sale abroad - Stolen cars are often immediately packed – with their vehicle identification numbers (VINs) still intact – and shipped abroad, where they are sold for many times their original market value.

Where are all the stolen vehicles going?

2. For sale to unsuspecting consumers – Stolen cars may be given a new identity with false VINs, and then sold to unsuspecting consumers. They can also be dismantled and sold for parts.

3. To get somewhere – This is commonly, but inappropriately, referred to as “joyriding.” Auto theft of any kind is still a crime, and innocent people do get hurt or killed as a result.

4. To commit another crime – Stolen cars used to commit other crimes are often recovered – abandoned and badly damaged – within 48 hours of their theft.