• Versa Note starts at $14,780 with shipping
  • Offers three trims: S, S Plus and SV
  • Manual standard, CVT automatic optional

Nissan has officially announced pricing for its latest subcompact. The all-new 2014 Nissan Versa Note, scheduled to replace the current Versa hatchback, will start at $14,780 with shipping.

Nissan says the Versa Note goes on sale this month. It's less expensive than the Versa it's replacing, coming in $680 below the 2012 Versa hatchback. Nissan skipped the 2013 model year to launch the Versa Note as an early 2014 model.

The $14,780 base price is for the base-level Versa Note 1.6 S. While Nissan didn't list the model's standard equipment, the automaker says the 1.6 S comes with a 5-speed manual transmission. The mid-level Versa Note 1.6 S Plus starts at $16,030 and includes a CVT automatic, while the top-range Versa Note 1.6 SV also includes a CVT in its $16,780 base price.

Beyond the three trim levels, the Versa Note will offer a Sport Value Package, an SV Convenience Package, an SL Package and an SL Tech Package. Standard in all Versa models is a 109-horsepower 1.6-liter 4-cylinder. That engine returns an Environmental Protection Agency rating of 31 miles per gallon city and 40 mpg highway with its CVT automatic.

The Versa Note joins the Versa lineup more than a year after the brand's all-new Versa sedan went on sale as a 2012 model. The Versa sedan starts under $13,000 with shipping and is typically cited as the least-expensive new car currently on sale.

The Versa Note boasts several new features over the previous Versa hatchback. One is an optional Around View monitor, which uses several cameras to give drivers a view of the vehicle from above. That helps when parking in tight spots.

The latest Versa also offers Nissan's NissanConnect infotainment system. In addition to available navigation, the system features hands-free text messaging assistance, Google services, Pandora radio and other apps.

Only offered as a 5-door hatchback, the 2014 Nissan Versa Note will rival the Chevrolet Sonic, Ford Fiesta and Honda Fit when it reaches dealers.

What it means to you: The Versa Note adds another fuel-efficient hatchback to the hotly contested subcompact field.

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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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