Hatchbacks have a lot to offer in practicality, fuel economy and styling. In January, several of our favorite hatchbacks are also available with strong incentives. We've rounded up our favorite hatchback deals here for shoppers who want a new model without spending big money. 

Chevrolet Sonic 

The Chevrolet Sonic is a popular new subcompact offered as a 4-door sedan or 5-door hatchback. Drivers interested in a Sonic hatchback can take advantage of deals whether they're financing or paying with cash. For those paying with cash, Chevrolet is offering up to $1,500 back on the 2013 Sonic -- a deal that drops to $1,000 back on 2014 models. Drivers who would rather finance can get a 2013 Sonic with 0 percent interest for up to 60 months, while the 2014 Sonic offers rates from 3.9 percent over the same term. 

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Ford Fiesta 

The Ford Fiesta boasts a 5-door hatchback body style, lots of available technology and a stylish interior. Through the end of the month, it also boasts several strong incentives to entice shoppers interested in a new subcompact car. The best deal is 0 percent financing, which is available on all 2014 Fiesta models for up to 60 months. Drivers who want a longer term can get 1.9 percent financing for 72 months. Ford is also offering up to $1,000 cash back on all Fiesta models for those who would rather pay with cash, while lease offers start at $179 per month for 36 months after $1,719 down at lease signing. 

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Kia Forte5 

The Kia Forte5 is a 5-door hatchback based on the popular Forte compact sedan. In January, the 2014 Forte is offered with two incentives: one for shoppers looking to finance and the other for drivers interested in paying with cash. For those looking to pay in full, Kia is touting cash-back offers as high as $1,000. Drivers who would rather finance also get a deal, as the brand is offering 0 percent interest for up to 36 months or 1.9 percent interest for up to 72 months. 

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smart fortwo 

The smart fortwo is a tiny, 2-seat subcompact city car with an automatic transmission and a footprint so small that drivers can park it anywhere. This month, it's offered with incentives for shoppers looking to lease or finance. For lease shoppers, the smart is available with payments from $99 per month for 36 months -- a strong deal that's available for both 2013 and 2014 models, and requires only $999 down at lease signing. For qualified drivers looking to finance, the 2013 smart fortwo is offered with 0 percent interest for up to 36 months, while 2014 models boast 0.9 percent interest over the same term. 

Find a smart fortwo for sale

Subaru Impreza 

The Subaru Impreza is a compact car with standard all-wheel drive and an available hatchback body style. In January, the Impreza is offered with several strong incentives for shoppers looking to lease or finance. For lease shoppers, two deals are available. The 2013 Impreza offers a 36-month term with payments from $145 per month after $1,945 down at signing, while the 2014 Impreza boasts the same term and payments from $175 per month after $1,975 down at lease signing. Drivers who would rather finance can get a 2013 or 2014 Impreza with interest rates as low as 1.9 percent for up to 36 months. 

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What it means to you: Today's best hatchback deals are available on even the newest, most sought-after models.

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Doug DeMuro has a wide range of automotive industry experience, from work at a Ferrari dealership to a manager for Porsche North America. A lifelong car enthusiast, Doug's eclectic vehicle purchases include a Porsche 911 Turbo, an E63 AMG wagon, an old Range Rover and a Mercedes Benz G-wagen.

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