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The notion of affordable new cars seems almost absurd in the current climate of rising inflation and interest rates, which are driving up prices across the board. Fortunately, the automotive industry has not entirely caught on to this trend; there are still several new cars available for under $20,000, and many more that can be purchased for less than $25,000. Please note that the prices listed do not include delivery fees, taxes, titles, licenses, or any additional costs associated with the purchase. Additionally, prices may differ by location, so it’s advisable to consult your local dealership to discover what’s on offer in your area.
Here’s a look at the ten most affordable new cars of 2024, along with over a dozen honorable mentions that all retail for less than $25,000.
1. 2024 Nissan Versa: $16,680
As the most affordable new car in America for 2024, the Nissan Versa doesn’t skimp on features. The base model, the Versa S, comes with a 5-speed manual transmission, while all other variants come with a continuously variable automatic transmission, starting at the $18,350 Versa S CVT. Opting for the base version and adding the S+ package offers excellent value, as it includes smartphone integration, a split-folding rear seat, and aluminum alloy wheels. Explore available 2024 Nissan Versa models.
2. 2024 Mitsubishi Mirage: $16,695
The 2024 Mitsubishi Mirage provides a practical hatchback option that seats five and boasts an impressive combined fuel efficiency of 39 mpg. It comes with a 10-year/100,000-mile powertrain warranty. If you prefer the G4 sedan variant, the price rises to a reasonable $17,795, which offers more rear-seat legroom than the Nissan Versa. Check for available 2024 Mitsubishi Mirage models near you.
3. 2024 Hyundai Venue: $19,900
The 2024 Hyundai Venue is the most cost-effective SUV available in America this year. It offers an impressive range of standard features, excellent fuel efficiency with a combined rating of 31 mpg, and benefits from Hyundai’s stellar powertrain warranty. However, it’s worth noting that it is not equipped with all-wheel drive (AWD). You can find 2024 Hyundai Venue models for sale near you.
4. 2024 Kia Forte: $19,990
The 2024 Kia Forte competes with the likes of the Honda Civic and Toyota Corolla, offering a more affordable alternative without sacrificing features or quality. The base LX model is the least expensive option, but for just an additional $500, the LXS variant provides enhanced features such as alloy wheels, a broader selection of exterior colors, and improved safety systems. Find the 2024 Kia Forte models available near you.
5. 2024 Kia Soul: $20,290
The unique 2024 Kia Soul straddles the line between SUV, hatchback, and wagon, presenting a budget-friendly option that remains spacious for its size. The Soul comes well-equipped in its standard version, allowing for combined gas mileage of up to 31 mpg. Like the Venue, all models are front-wheel drive. Explore 2024 Kia Soul models available for sale near you.
6. 2024 Chevrolet Trax: $20,400
The 2024 Chevrolet Trax features a modern design, a turbocharged three-cylinder engine, and a spacious interior. Though it currently lacks an AWD option, it offers five different trim levels, from the base LS to the premium Activ. At the entry-level, buyers enjoy standard Chevy Safety Assist technologies, including lane-keep assist, high-beam assist, and automatic emergency braking with pedestrian detection, along with wireless smartphone integration. Check out 2024 Chevrolet Trax models available near you.
7. 2024 Nissan Sentra: $21,180
The 2024 Nissan Sentra prioritizes comfort and affordability, making it an ideal choice for those looking for an economical vehicle. It achieves an impressive 34 mpg combined, with an exceptional 40 mpg on the highway, making it a great option for those with long daily commutes. Explore 2024 Nissan Sentra models available for sale near you.
8. 2024 Nissan Kicks: $21,340
The Nissan Kicks stands out for its distinctive design and commendable fuel efficiency. While it lacks an AWD option, it provides ample cargo capacity with 53.1 cubic feet available behind the front seats. Standard features include smartphone integration, rear parking assist, lane-departure warning, blind-spot monitoring, and automatic braking with pedestrian detection. Check for available 2024 Nissan Kicks models nearby.
9. 2024 Volkswagen Jetta: $21,435
The only European brand on our list, the 2024 Volkswagen Jetta, offers excellent value for those prioritizing a spacious and comfortable ride. Those seeking a fun driving experience can opt for the GLI trim, while budget-conscious buyers may find strong value in the base Jetta S or the next trim level, the Jetta Sport ($22,585). Check for available 2024 Volkswagen Jetta models near you.
10. 2024 Hyundai Elantra: $21,625
The 2024 Hyundai Elantra is distinguished by its spacious interior, stylish appearance, and numerous safety features. Additionally, its base model comes with wireless smartphone integration and achieves an impressive 41 mpg on the highway and 36 mpg combined. A three-year subscription to Hyundai’s Bluelink connected services is also included, offering features like remote unlocking, collision alerts, and stolen vehicle tracking. Check for 2024 Hyundai Elantra models available near you.
The Cheapest New Cars of 2024
- 2024 Nissan Versa: $16,680
- 2024 Mitsubishi Mirage: $16,695
- 2024 Hyundai Venue: $19,900
- 2024 Kia Forte: $19,990
- 2024 Kia Soul: $20,290
- 2024 Chevrolet Trax: $20,400
- 2024 Nissan Sentra: $21,180
- 2024 Nissan Kicks: $21,340
- 2024 Volkswagen Jetta: $21,435
- 2024 Hyundai Elantra: $21,625
Honorable Mentions: Cars Under $25,000 for 2024
- 2024 Toyota Corolla: $22,050
- 2024 Buick Envista: $22,400
- 2024 Subaru Impreza: $22,995
- 2024 Chevrolet Trailblazer: $23,100
- 2024 Ford Maverick: $23,920
- 2024 Honda Civic: $23,950
- 2024 Volkswagen Taos: $23,995
- 2024 Mazda3: $24,170
- 2024 Hyundai Kona: $24,250
- 2024 Kia Seltos: $24,590
- 2024 Honda HR-V: $24,600
- 2024 Subaru Legacy: $24,895
- 2024 Mazda CX-30: $24,995
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