It's all relative. The best transportation for least money was a Honda C50 that was almost new and had a minor paintwork scrape. 1/3 of new price and wonderful to own.
Always bought what car I could afford under the employment circumstances, without clearing out the bank book .Never looked for as cheap as possible. So not really possible to say. Cheapest was a 1961 Ford 100E at £50, but insurance was about 1/3 of that and got through my surplus cash as a uni student keeping it on the road. Most of the next series of British cars were ruinous in the DIY and repair costs.
Advice I was given, was to spend 1/2 annual salary on a new/almost new car when flush. Followed that because I could- generally. My £17,000 Skoda is a bit over that nowadays....but a bargain compared to the other OTT prices in the VW/Audi range. £20,000 for an A1 in this weeks Autocar.
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