7 New Cars You Could Buy Insanely Cheap

6. Ford Ikon

Base Price: 196,581 pesos ($10,200 USD)

The Ford Ikon is virtually identical to the Ford Fiesta, but both models are available for sale across South America. The Ikon is a rare affordable sedan, but it also comes in a hatchback if you prefer. The sedan has a 1.6 liter, four cylinder engine and comes standard with a five-speed manual transmission. Built sturdy, the Ikon can stand up to rough driving and handles beautifully.

One downside of the Ikon is the maintenance cost. Ford prefers to simply replace, rather than fix, their parts. That means that even minor damage can be quite costly to repair. Some users also complained that the interior does not provide good places to store loose items.

7. VW Vento

Base Price: 209,990 pesos ($10,900 USD)

The Volkswagen Vento was introduced in the South American market in 2014 to replace the VW Clasico. It has two options for engines: a 1.6 liter naturally aspirated gasoline engine with a five-speed manual or a six-speed automatic DSG gearbox, and a 1.6-liter diesel engine mated only to a five-speed manual gearbox (TDI).

The most affordable entry version is called Style. Standard equipment includes air conditioning, power locks, remote trunk opening, 3-point seat belts in both the front and back seats, three read dome lights, single front headlights, center rear brake light, driver and passenger airbags, ABS, electric windows, and four speakers. The 15” aluminum wheels are matched with 185/60R15 tyres.