Cheapest Cars for 2024 and 2025

As 2025 draws near, the automotive market is shifting towards more budget-friendly vehicles, promising to meet your economic and practical transportation needs. Leading this trend, Toyota and Honda introduced the 2024 Corolla and Accord models, epitomizing efficiency and affordability. Furthermore, the electric vehicle (EV) sector is expanding its reach with economical choices, exemplified by the 2024 Nissan Leaf. The Leaf maintains a competitive edge with an EPA-rated range of up to 212 miles, proving that cost-effectiveness can go hand in hand with environmental sustainability.

The 2024 Nissan Versa and Mitsubishi Mirage are among the most cost-effective sedans for those preferring traditional fuel options. By focusing on the essentials, these vehicles offer a no-frills driving experience that doesn’t compromise performance or comfort, making them an ideal choice for buyers seeking value without the luxury price tag.

2024 Nissan Versa

MotoPickers Rating: 8.2/10

Starting at $16,390, the 2024 Nissan Versa emerges as a budget-friendly option, escalating to $20,400 for a deluxe SR trim packed with extra features, like LED headlights with LED signature. It stands out for those valuing affordability, offering an efficient engine with up to 32 MPG in the city and 40 MPG on highways. While its 122 horsepower engine might not win races, it ensures fuel efficiency, making it a smart choice for the budget-conscious buyer.

Inside, the Versa surprises with comfort and space, accommodating five passengers and boasting 14.7 cubic feet (cu. ft.) of considerable cargo space, challenging the expectations for a small sedan. Despite its modest price, it doesn’t skimp on essentials, offering a well-appointed ride with many standard features, like zero gravity front seats and 60/40-split rear seats. However, potential buyers should note that its ride quality may suffer on uneven roads — a minor compromise for its economic benefits and overall value.

2024 Mitsubishi Mirage G4

MotoPickers Rating: 4.5/10

Starting at $17,795, the 2024 Mitsubishi Mirage G4 is an affordable option, peaking at $19,195 with premium trims and added features. A two-year maintenance plan further enhances this value at no extra cost. The LE trim introduces additional conveniences like a driver’s seat armrest, automatic headlamps, rain-sensing wipers, and new color options of Graphite Gray and Jet Black, allowing for a more personalized vehicle appearance.

However, the Mirage G4’s performance, powered by a 1.2-liter three-cylinder engine generating 78 horsepower and 74 pound-feet of torque, suggests moderation in power expectations, particularly compared to its competitors. While its acceleration may test your patience on highways, its fuel efficiency stands out at 35-36 MPG in the city and 41-43 MPG on the highway. Despite its low horsepower, the Mirage G4 can benefit drivers with its affordability and functionality.

2024 Kia Forte

MotoPickers Rating: 7.7/10

Starting at $19,990, the 2024 Kia Forte offers a range of options up to $25,390 for its high-end variants, making it a budget-friendly choice for buyers. This compact sedan doesn’t just save you money at the dealership and gas station, boasting fuel efficiency of 22-30 mpg in the city and 31-41 mpg on the highway. Inside, the Forte prioritizes comfort with quality materials like SynTex and ample space alongside tech essentials like an intuitive 8” infotainment system, ensuring both navigation and entertainment are seamless experiences for up to five passengers.

The GT-Line trim bolsters safety with additional driver-assistance features, like blind spot detection technology. Under the hood, the Forte offers engines ranging from 147 to 201 horsepower, providing reliable power without competing for the title of the sportiest ride. Its straightforward handling makes it ideal for everyday use. Despite its value, some lower-trim conveniences might not be present as you ascend through the trim levels. However, with its front-wheel drive (FWD) and solid construction, the Forte is a practical sedan that combines efficiency with functionality.

2024 Hyundai Elantra

MotoPickers Rating: 8.6/10

Priced from $21,625, the 2024 Hyundai Elantra distinguishes itself in the compact sedan arena with exceptional value and an eye-catching design. Its cost-effectiveness pairs with a surprisingly spacious interior and comfortable ride, carefully implementing comfort with engaging driving dynamics. Additionally, the Elantra offers an array of standard features, including an expansive 10.3” infotainment system that simplifies connectivity and control.

The Elantra’s engine delivers up to 201 horsepower, ideally suited for daily drives, while its fuel efficiency of up to 41 MPG on the highway appeals to budget-conscious consumers. Despite a functional interior that might seem understated, it offers 14.2 cu. ft. of cargo space, ensuring practicality for various needs. With styling updates for 2024, the Elantra boosts its curb appeal and upholds Hyundai’s legacy of providing a solid, comprehensive package within the compact car category.

2024 Nissan Sentra

MotoPickers Rating: 7.4/10

The 2024 Nissan Sentra sports a refreshed exterior, showcasing new headlight and taillight designs along with an updated bumper, refining its appearance. It offers new 16-inch and 18-inch wheel designs, with a starting base price of $20,890. An Xtronic Continuously Variable Transmission (CVT) enhances the model by boosting fuel efficiency and ensuring a smoother ride through steady acceleration, distinguishing it from traditional automatic transmissions.

Enhancements continue with engine start-stop technology, improving fuel efficiency by conserving gas during idle times, such as at traffic stops. Inside, the Sentra retains its comfort while updating with the latest Nissan logo on the steering wheel, signaling a modern touch. The pricing for higher trims tops out at $23,980, catering to those desiring more features or a distinct look. Overall, the Sentra remains a budget-friendly choice, offering reliability and a pleasing driving experience for daily or extended travel.

2024 Volkswagen Jetta

MotoPickers Rating: 8.5/10

Starting at $21,345, the 2024 Volkswagen Jetta presents a value-driven choice in the compact sedan sector, with prices peaking at $28,825 for fully equipped models. Its spacious interior comfortably accommodates passengers and cargo, offering a ride focused on comfort and tranquility. Fuel economy stands out, with the Jetta achieving 29-30 MPG in the city and 40-42 MPG on the highway, alongside a power range of 158 to 228 horsepower.

The Jetta elevates the driving experience with standard driver-assist technologies and introduces the GLI 40th Anniversary Edition for those seeking performance with a historical nod. Despite its minimalist interior and smaller 6.5” infotainment system, the Jetta remains a practical option that seats five and emphasizes fuel efficiency and safety. This combination of features cements Jetta’s position as a competitive option for those prioritizing functionality, fuel economy, and a quiet but capable drive.

2024 Toyota Corolla

MotoPickers Rating: 7.7/10

The 2024 Toyota Corolla offers affordability without skimping on features, starting at $22,050 and topping at $27,250 for high-spec Hybrid LXE trim. It’s a standout in the compact car sector, particularly for those valuing fuel efficiency. The Corolla Hybrid impresses with up to 53 MPG in the city and up to 46 MPG on the highway. It comfortably seats five and offers both FWD and available AWD, ensuring a balance between efficiency and functionality.

While the Corolla’s 169 horsepower won’t set any speed records, it provides steady performance for daily use, including the stylish Nightshade Edition with dark exterior trim accents. Toyota enriches the driving experience with an intuitive 8” infotainment system and comprehensive standard features, making the Corolla an intelligent pick for reliable and economical transport. Despite limited rear seating and trunk space, the Corolla maintains its appeal for buyers focused on value and reliability.

2024 Honda Civic

MotoPickers Rating: 9.8/10

Starting at $23,950 and reaching up to $31,450 for the top-tier models, the 2024 Honda Civic is an affordable choice in its segment. It is available as both a sedan and hatchback. The Civic stands out for its engaging handling, interior luxury with wide driver sightlines, remarkable fuel efficiency, and an extensive list of standard features, setting a high benchmark in the compact car category.

However, the base engine might not meet the power expectations of some drivers, and higher-than-desired road and wind noise could detract from the driving experience. Offering a choice between a 158 horsepower standard engine and an optional 180 horsepower unit, the Civic ensures economical driving with 26-51 MPG in the city and 28-44 MPG on highways. Seating up to five passengers, its luxury-grade interior comforts everyone, reinforcing Honda’s focus on safety with a suite of advanced driver-assistance technologies, such as an automatic Collision Mitigation Braking System.

2024 Mazda 3

MotoPickers Rating: 9.4/10

Starting at $24,170, the 2024 Mazda 3 captures attention with its premium-feeling cabin and dynamic engine performance, offering a compelling blend of style and substance for up to $35,450. Its design and materials convey a sense of luxury uncommon in its class, while engine options ranging from 191 to 227 horsepower promise an energetic driving experience. This model caters to both practical needs with available AWD and enthusiasts’ desires for a spirited ride, boasting fuel efficiency of up to 27 MPG in the city and up to 37 MPG on the highway for five passengers.

The Mazda 3 enhances its allure in the 2024 lineup with expanded standard safety features and select trims like the Carbon Edition, which boasts a 10.3-inch infotainment display. Despite its strengths, including quick acceleration, athletic handling, a high-quality interior, and user-friendly technology, it has rear-seat comfort and cargo space limitations, particularly in the sedan version. However, its balanced performance and refined driving experience earn high marks from reviewers like Car and Driver, making it an attractive choice for those who value a sophisticated driving experience over spaciousness.

Frequently Asked Questions

This section aims to answer your most pressing queries about the most affordable cars for 2024, including fuel-efficient options and how these new models stack up against used vehicles in terms of cost.

What models are considered the most affordable new cars for 2024?

Starting at $16,390, the 2024 Nissan Versa emphasizes value, packing a wealth of features in its base configuration. This approach ensures that affordability doesn’t come at the expense of essentials, making it an attractive proposition for budget-conscious buyers.

In contrast, with a starting price of $22,775, the Hyundai Elantra goes beyond mere cost-effectiveness. It excels in fuel efficiency, achieving a combined EPA MPG of 34, highlighting its appeal for those prioritizing fuel economy alongside a competitive price point.

Which budget-friendly SUVs are expected to be released in 2024?

The 2024 Kia Soul emerges as an economical SUV option, marked by its distinctive boxy shape and upright posture. This design cleverly maximizes the interior, enhancing passenger comfort and providing 24.2 cu. ft. of cargo room.

This approach underscores the Soul’s practicality and positions it as an intelligent choice for those seeking space efficiency without compromising style or functionality.

Are there any new cars projected to be priced under $10,000 in 2024?

There are no announcements for new 2024 cars priced under $10,000. The trend in the automotive industry moves away from this price segment, driven by rising production costs and the standardization of advanced technological features in vehicles.

This shift reflects the industry’s evolution, where the inclusion of cutting-edge technology and the impact of increased manufacturing expenses have collectively nudged new car prices beyond the $10,000 mark, aligning with broader market trends.

What are the anticipated economic vehicles with the best fuel efficiency for 2024?

The 2024 Toyota Prius and Hyundai Elantra lead in fuel efficiency among economical vehicles, with the Elantra reaching up to 54 combined MPG. This efficiency significantly lowers operating expenses, promoting cost-effective driving.

Their outstanding fuel economy aligns with the objective of economical driving, making the Prius and Elantra top choices for drivers focused on minimizing fuel costs while maximizing efficiency.

How does the cost of used vehicles compare to new ones for budget-conscious consumers in 2024?

Used vehicles are a more affordable alternative to new models, catering to budget-conscious buyers. Their price advantage stems from several factors.

In 2024, the savings from purchasing a used vehicle over a new one will depend on its condition, mileage, and current market demand, making each deal unique.

Can we expect a significant drop in car prices during the year 2024?

Manufacturing costs, market demand, and economic factors determine car prices. Current forecasts do not predict a significant price drop for cars in 2024, with stability or minor increases expected.

Inflation and technological advancements contribute to steady or slightly rising car prices in 2024, aligning with industry forecasts.