Least Expensive New Car in 2024, and 7 Competitors

Shopping for a new car brings several benefits, with full warranty coverage and the peace of mind of handling maintenance and understanding what your vehicle has experienced. The average new car in the US is over $48,000, but you don’t need to break the bank to get behind the wheel of a new ride.

With proper research and guidance, you can find the least expensive new car that suits your needs. You’ll find vehicles that save you money on gas, car insurance, and monthly payments.

The good news is that you’ve come to the perfect guide to learn more about the best affordable cars to shop for when you’re prepared to purchase a new ride. Continue reading to find the cheapest new car today!

8. 2024 Mazda 3

Mazda is an excellent brand to consider if you’re looking for a new car. They’re reputable and make beautiful cars that provide plenty of performance. You’ll struggle to find a car that looks better than the Mazda 3 at its price point of $25,335.

It provides a noteworthy driving experience, with a 2.5-liter 4-cylinder engine that puts down 191 horsepower. The all-wheel drive and fuel economy make it an excellent option for someone seeking one of the cheapest new cars. The only drawback is the limited space in the back seat.

7. 2024 Honda Civic

The 2024 Honda Civic doesn’t have the performance chops of its cousins, the Civic SI and Type-R. Still, it’s an excellent option if your priorities are based on reliability and fuel economy. The handling performance is impressive, and you’ll enjoy several safety features to protect your passengers when in transit.

The base model’s 2.0-liter 4-cylinder engine leaves much to be desired with acceleration, but you’ll enjoy 40 miles per gallon. You’ll pay $25,045 for the base model or splurge for the 1.5-liter turbocharged engine to upgrade performance.

6. 2024 Subaru Impreza

The 2024 Impreza has much in common with the newest Honda Civic, offering gas mileage, reliability, and an affordable price. You’ll also get a car with one of the best all-wheel drive systems in the auto industry. It lacks the engine performance you’d expect with the WRX and STi trim lines, but the handling makes up for it.

It’s an excellent value at $24,115 and worth considering if you need a reliable car for wet and snowy weather. Consider the RS trim level if you want the base model’s perks with better engine performance.

5. 2024 Toyota Corolla

If one car has established itself as the go-to option for the least expensive new car, it’s the 2024 Toyota Corolla. You can choose between a sedan and hatchback option to fit your lifestyle and add convenience. You’ll love the interior space, and the Corolla offers an impressive safety rating for you and your passengers.

The base model starts at $22,995, making it an efficient and affordable new car option. You’ll enjoy lower car insurance due to enhanced safety and lower monthly payments.

4. 2024 Volkswagen Jetta

Fuel economy is becoming a more significant priority for consumers in the United States, and the 2024 Volkswagen Jetta is a remarkable car if you’re looking for the least expensive new car that will meet your daily driver needs. It’s worth noting that the base model is stripped of many technological features that add value to the standard offerings of the German car manufacturer.

The handling is solid, but the interior feels cheap compared to other vehicles around the same price point. One of the bright spots of the Jetta is the 1.5-liter turbocharged engine, which propels it forward quicker than other cars in the same category. Consider a 2024 Jetta if you’re worried about an irs audit review.

3. 2024 Kia Forte

The most affordable compact car in the United States in 2024 is the Kia Forte, and it’s worth considering if you crave a minimalist vehicle that gets the job done without the frills, bells, and whistles. The transmission is rough, and the safety scores aren’t elite, but the base price is $20,915, making it an outstanding option as the least expensive new car for your needs.

The Forte’s forte is the gas mileage, which is appreciated from an engine that is a disappointment for power and acceleration. The Forte GT is worth considering if you want to enjoy more performance and a smile each time you drive.

It will cost more, but you’ll get more value for your dollar, which is worth making slightly higher monthly payments. It’s also worth exploring if you’ll get a tax refund from the purchase.

2. 2024 Mitsubishi Mirage

The 2024 Mitsubishi Mirage is a subcompact car with an affordable price tag for a new model. The Mirage costs only $18,110, as bare as you’ll find when exploring dealership lots in the United States. The car’s manual is an optional accessory, and the car’s light weight provides excellent gas mileage but a lack of protection for drivers and passengers.

You won’t walk away from your test drive feeling inspired by the handling or engine performance, but it’s worth considering if you’re committed to buying the least expensive new car.

1. 2024 Nissan Versa

The least expensive new car in the US for 2024 is the Nissan Versa, clocking in with a base price of $17,405. It tops the Mitsubishi Mirage in every substantial category besides gas mileage. It doesn’t have the same reputation as the retired Kia Rio, but it’s an impressive package at an affordable price.

Consider the Versa if you want handling, a decent interior, reliability, and a minimal down payment amount. You’ll enjoy surprising cargo space, an optional manual transmission, and a comfortable cabin. The only drawbacks to consider are the road noise and lack of enthusiasm from the engine when on the throttle.

Find the Least Expensive New Car Today

Shopping for a new car is stressful if you’re trying to save money while waiting for a tax refund, but you’ll find several options to consider for the least expensive new car. The 2024 Subaru Impreza balances all-wheel drive performance and affordable pricing. The 2024 Nissan Versa is the cheapest new car and provides cargo space and efficiency in a small package.

Research is an excellent way to explore your options and get top value for your dollar. Explore our blog content to make informed buying decisions today!