10 Best Cheap New Cars in 2024

2024-Nissan-Versa

Best cheap new cars in 2024 – Current trends indicate a general rise in car prices, with even the most economical options seeing increases. Despite this, the lower end of the new car market still offers significant value. Models like the Honda Civic and Mazda 3 provide ample features, potentially outshining pricier alternatives with added options. Subcompact cars are also undergoing upgrades without significant price hikes, as exemplified by the stylish revamp of the Nissan Versa. While basic options exist, like the most affordable subcompacts, recommendations typically lean towards mid-range to higher-priced cars within this segment, budget permitting.

10. The 2024 Mazda 3

The 2024 Mazda 3, priced at $25,335, stands out for its exceptional design both inside and out, a rarity within its price range. Equipped with a 2.5-liter naturally aspirated inline-four engine producing 191 hp, the Mazda 3 delivers a satisfying driving experience.

2024-mazda-3

While its rear seating may be slightly constrained due to its sleek profile, the car’s performance and optional all-wheel drive contribute to its competitiveness in a crowded market segment.

9. 2024 Honda Civic

Ranked at number 9, the 2024 Honda Civic comes in at $25,045. This latest iteration reflects a more refined demeanor compared to its predecessors, still excelling in driving dynamics and offering significant value, particularly in safety features. However, premium features are often found in higher trim levels.

2024-Honda-Civic

Despite this, the base Civic remains a solid choice, providing good value for money, albeit powered by a 2.0-liter naturally aspirated four-cylinder engine generating 158 hp. While achieving up to 40 mpg on highways, its 0–60 time of 9.2 seconds may leave performance enthusiasts wanting more, prompting consideration of the 1.5-liter turbo engine for better acceleration.

8. 2024 Subaru Impreza

At the eighth spot is the 2024 Subaru Impreza, priced at $24,115. While not winning any beauty contests, the Subaru Impreza shines in its driving dynamics, prioritizing personality over aesthetics. Known for its exceptional handling and standard all-wheel drive—a signature Subaru feature—the Impreza falls short in the looks department.

2024-Subaru-impreza

Despite its well-tuned chassis and suspension, labeling it “sporty,” even in the revamped RS trim, stretches the truth. Critically, the Impreza’s CVT lacks the athleticism expected in a sports transmission, and the base 2.0-liter naturally aspirated flat-four engine with 152 horsepower places it in the realm of moderate acceleration, far from thrilling but safe for everyday driving.

7. 2024 Toyota Corolla

In the seventh spot sits the 2024 Toyota Corolla, priced at $22,995. Known for its blend of affordability and enjoyment, the Corolla offers both sedan and hatchback options, boasting spacious interiors and strong safety credentials.

2024-Toyota-Corolla

While it may not match the Civic in interior quality and driving experience, the base Corolla, equipped with a 169-hp 2.0-liter I-4 engine and CVT, stands out for its swifter acceleration compared to other compact cars, courtesy of its power and lighter build. For those seeking a touch of excitement, the turbocharged, manual, all-wheel-drive GR Corolla sits at the top of the range. However, if the focus is on style, dependability, and value, opting for a base Corolla or Corolla Hybrid will deliver commendable performance.

6. 2024 Volkswagen Jetta

The 2024 Volkswagen Jetta ($22,585) stands out for its anonymous design and impressive fuel efficiency. This compact sedan comes at an affordable price point but can feel like it’s missing key features due to cost-cutting measures.

2024-VW-jetta

Unfortunately, the ride quality and handling fall short, the interior seems cheaper than expected, and the manual transmission, while available, lacks feedback in the steering department. Despite these shortcomings, the base Jetta’s 1.5-liter turbocharged engine with 158 hp offers faster acceleration and better fuel economy compared to its competitors. On the other end of the spectrum, the Jetta GLI emerges as a top contender in the realm of sports compacts.

5. 2024 Hyundai Elantra

Easily competing with the Civic and Corolla at a lower price point, the 2024 Hyundai Elantra ($22,065) stands out as one of the best bang-for-buck options available. Spacious, fuel-efficient, and recognized as a 2022 IIHS Top Safety Pick, the Elantra receives a stylish update for 2024 while maintaining its position as the top budget choice in the compact car segment.

2024-Hyundai-elantra

The base Elantra, featuring a 2.0-liter inline-four engine generating 147 hp paired with a CVT, offers numerous features not typically found in similarly priced competitors. This advantage extends across higher trims, with the high-performance Elantra N outshining many pricier sport compacts.

4. 2024 Nissan Sentra

If you’re on the hunt for a great deal on an entry-level car, taking a closer peek at the newly revamped 2024 Nissan Sentra ($21,295) might just be a smart move. While it may not quite measure up to the segment leaders in every aspect, it does boast eye-catching exterior design, impressive fuel efficiency ratings, and abundant interior room—all at a price that’s a few thousand dollars less.

2024-Nissan-Sentra

However, the Sentra’s 2.0-liter inline-four engine churning out 149 hp might struggle to provide the oomph needed due to its modest power-to-weight ratio, and it’s worth noting that all trims lack the option for all-wheel drive.

3. 2024 Kia Forte

At the most affordable end of the compact car spectrum sits the 2024 Kia Forte ($20,915), where its straightforwardness can be seen as an advantage. The entry-level Forte does come across as basic, coupled with a somewhat rudimentary CVT and below-par safety ratings.

2024-Kia-Forte

However, it compensates in crucial areas, especially with its impressive fuel efficiency derived from a 2.0-liter I-4 engine generating 147 hp, even if this powertrain doesn’t quite excel in propelling the base model. Yet, at the pinnacle of the lineup, the truly enjoyable Forte GT makes up for these shortcomings with its spirited engine and a host of features, all offered at a price lower than many of its rivals.

2. 2024 Mitsubishi Mirage

Now positioned as the second most budget-friendly vehicle on the market, the subcompact 2024 Mitsubishi Mirage ($18,110) tried some clever pricing tactics but still missed claiming the title of the cheapest car available.

2024-Mitsubishi-Mirage

The Mirage’s starting price excludes two necessary add-ons: the $165 “Welcome Package” and the $155 tonneau cover. In a scenario where even the owner’s manual is an optional extra, the Mirage epitomizes basic transportation for a 2024 model. Despite weighing nearly half of the average 2024 vehicle, its handling leaves much to be desired, safety features are minimal, and performance is lackluster. Even considering its affordability, the Mirage’s drawbacks are significant.

1. 2024 Nissan Versa

The 2024 Nissan Versa ($17,405) has dethroned the ultra-basic Mirage to become the new titleholder for the cheapest new car. Surpassing the Mirage in every aspect except fuel efficiency, the Versa manages to offer a lower price point. While it may not enjoy the same reputation as the now-discontinued Kia Rio, the Versa stands out as one of the last affordable subcompact cars in a market shifting towards higher prices.

2024-Nissan-Versa

With a decent fuel economy, a refined 1.6-liter naturally aspirated inline-four engine producing 122 hp (available with a five-speed manual or CVT), a relatively comfortable ride, and generous cargo space for its size, the Versa ticks many boxes. However, cabin noise can be noticeable, and speed is not its forte. Despite these drawbacks, solid safety ratings and the market’s lowest base price position the Versa as a reliable choice for those seeking the most affordable new car option available.

 

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