The Mitsubishi Mirage ES is the cheapest new car of 2024. (iStock)
New Car The purchase price is cheaper, That’s down from record highs during the pandemic, and drivers now have some leeway when choosing which car to buy.
Cars.com recently released its list of the cheapest new cars available. It has been launched in the market to help drivers buy a car with unique features for under $25,000.
“Vehicles on Cars.com’s 10 Cheapest New Cars list are selected and sorted by the lowest base vehicle price in the U.S. as of April 2024. Delivery and shipping are included in each vehicle’s price, and all prices include automatic transmission. Cash incentives, taxes and fees are not included,” Cars.com News Editor Steph Schrader told Fox.
Whatever care you choose, you’ll want to make sure you have the right insurance for your vehicle and your budget. Visit Credible today to compare quotes for free.
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A list of affordable cars on the market
Here are the cars rated by Cars.com as the most affordable in 2024.
1. Mitsubishi Mirage ES: $18,160
The cheapest car on Cars.com’s list, the Mitsubishi Mirage ES, is a fuel-efficient compact hatchback that gets 39 miles per gallon, but is also notoriously slow. The 2024 model comes standard with rain-sensing wipers, automatic headlights, and a driver’s armrest.
2. Nissan Versa S: $19,200
If you’re looking for a standard sedan with plenty of safety features and driver perks, the Nissan Versa is a great choice. It’s a great value car with automatic braking, lane departure warning, and high beam assist. As a 2024 model, it’s also packed with high-tech features like Bluetooth and a push start button.
3. Kia Forte LX: $21,145
Kias tend to be reliable cars, and the Kia Forte LX is one of the least expensive Kias available. The car gets relatively good fuel economy at 34 mpg, making it perfect for your daily commute. Plus, it has a large built-in touchscreen that comes with Android Auto and Apple CarPlay.
4. Hyundai Venue SE: $21,275
The Hyundai Venue SE is a car that combines elements of a hatchback and an SUV. If you are looking for a small SUV that has all the basic features, the 2024 Venue SE is the car for you. All models come with an 8-inch touchscreen and are compatible with Apple CarPlay and Android Auto.
5. Chevrolet Trax LS: $21,495
At just under $22,000, the Chevy Trax LS is one of the more affordable Chevy SUVs, and while it’s FWD only, the 2024 model gets a large touchscreen and wireless Apple and Android connectivity.
6. Kia Soul LX: $21,565
Offbeat car enthusiasts will love the new Kia Soul LX, a unique hatchback with standard safety and driver-assistance features like emergency braking, rear occupant alert, lane departure warning, etc. New changes for 2024 are mostly cosmetic and include larger 18-inch wheels and a new amber-colored interior.
7. Nissan Sentra S: $22,320
Ranked seventh in the Cars.com report, the Nissan Sentra is a compact sedan with a sleek, sports car-like look. Updates for 2024 include stop/start functionality, which adjusts fuel economy to 34 miles per gallon. Reviewers note that it’s less fast compared to other options.
8. Nissan Kicks S: $22,730
Nissan offers a classic front-wheel-drive hatchback called the Kicks S. The 2024 model is virtually unchanged from its 2021 update, but it still remains one of Nissan’s more affordable hatchbacks. It comes with a wide range of safety features, including automatic emergency braking, rear cross-traffic alert, blind-spot warning, and automatic high-beam assist.
9. Hyundai Elantra SE: $22,775
The Hyundai Elantra SE is a spacious, low-slung sedan that’s been completely redesigned for 2024. It gets significant styling updates and a host of safety features, including new standard rear side airbags and a rear seatbelt reminder.
10. Toyota Corolla LE: $23,145
The Toyota Corolla LE is a sedan or hatchback that boasts an impressive fuel economy of 35 mpg. It’s reliable for everyday use, with the hybrid version getting an impressive 50 miles per gallon. The 2024 model comes with standard safety features and extras, including lane departure warning, steering assist, and traffic sign recognition.
Comparing multiple car insurance quotes could save you hundreds of dollars each year, and Credible can help you compare quotes for free in minutes.
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Drivers who choose a cheaper but more reliable car tend to pay less than those who choose a more expensive car.
“Affordable cars tend to be cheaper to insure because they are generally cheaper to repair or replace, and they also have lower collision and comprehensive coverage premiums,” Schrader told Fox. “Whether it’s a new or used car, insurers will look at how much comparable cars are selling for at auction to determine the car’s true value. But insurance premiums don’t just depend on the price or value of the car; factors such as theft risk and driver profile, including age and driving history, also play an important role.”
“Budget-friendly cars are often cheaper to insure, but it’s important to get quotes and take all these factors into account to fully understand your premium,” Schroeder continued.
Compare rates regularly to ensure you’re getting affordable car insurance. Credible’s car insurance marketplace simplifies the process of comparing premiums. Get a quote now.
Many drivers are spending more than 30% of their monthly income on car loans, and auto insurance costs are rising.
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