The prices of automobiles have skyrocketed in the past decade. So, the idea of owning a new car for as low as $15,000 is nothing more than a miracle.
With the passing of each year, the price tags of the least expensive vehicles are also inching upwards, meaning there are only a handful of models available under a restricted budget limit of 15k to 20k.
Thus, for all the budget-conscious buyers who wish to own a ride that can give them peace of a new vehicle, below we have handpicked the seven cheapest new cars in 2024 from top economic brands like Mitsubishi, Nissan, Hyundai, Kia, & others, offering:
- Base price ranging 15k to 20k;
- Reliability;
- Good tech & safety features for the price.
So, are you ready to see which impressively affordable automobiles the American automotive market has for modest car buyers?
1. 2023 Kia Rio – From $16,750
Kia Rio is an impressive subcompact car featuring a low starting price, comfortable ride quality, great fuel economy, easy-to-drive dynamics, and easy-to-use tech & safety features. This South Korean build is powered by a 1.6-liter four-cylinder engine producing 120 hp.
The 2023 model year might not feel okay with some buyers. However, the lengthy powertrain warranty of 100,000 miles or 10 years makes up for everything.
2. 2024 Mitsubishi Mirage – From $16,695
The Mitsubishi Mirage is the ultimate economic car in the present calendar year. This low-price car offers impressive fuel economy by giving you 36 mpg in the city and 43 mpg on the highway despite being powered by a small 1.2-liter three-cylinder engine producing 78 hp. The new Mirage cleverly blends a cheap interior and coarse engine to deliver something good for the price. Even the highest trim of this model falls under the $20k limit.
3. 2024 Nissan Versa – From $16,680
With a five-star overall safety rating from NHTSA, the new Versa is worth paying $16,680. This subcompact ride is one of the cheapest new cars on the market. It offers a spacious cabin & cargo hold, good fuel economy, and many standard features to aid you. The all-new Versa is a great and safe option for teenagers, young adults, and seniors.
4. 2024 Hyundai Venue – From $19,900
The Venue is a subcompact SUV ideal for singles and growing families. This child car seat friendly ride offers practicality at its best. It is roomy, and comfortable, and features decent driver-assistance tech, good gas mileage, and an intuitive infotainment system.
In-city driving is going to be quiet and smooth with this SUV. And if you add a five-year limited warranty, a 10-year powertrain warranty, and complimentary maintenance for three years, you have one of the best purchases of the year.
5. 2024 Kia Forte – From $19,990
The latest Forte is one of the most affordable compact cars on the market. This reasonably priced vehicle offers a high-quality, spacious, in-class cabin, great fuel efficiency, an intuitive tech system, wireless Apple CarPlay & Android Auto, remote keyless entry, five-star overall safety rating from NHTSA, and warranty coverages similar to Hyundai Elantra.
6. 2024 Kia Soul – From $20,190
Kia Soul is just a little over $20k. This high-value subcompact SUV offers a spacious cabin and cargo hold, stable handling, a stylish boxy exterior, and plenty of standard features, including remote keyless entry, Bluetooth, a digital gauge cluster, driver attention monitoring, cyclist detection, forward automatic emergency braking, and more.
7. 2024 Chevrolet Trax – From $20,400
With more standard features than before, the Chevrolet Trax is finally back from its hiatus. This Japanese car is fully redesigned and now boasts an upscale and spacious cabin, competent driving dynamics, a roomy cargo area, user-friendly tech & infotainment system, wireless Apple CarPlay and Android Auto, satellite radio, and more.
These are the cheapest new cars you can buy this year. The high affordability, great reliability, and impressive efficiency make these rides no less than the model’s prices above them. Thus, instead of leaning towards the used car market, you can easily get a brand-new one with advanced technological features and good driving dynamics.