Top 10 Cheapest Cars 2024

2024 Toyota Prius |Photo credit: Toyota

For most people who are looking to buy cars today, accessibility and affordability are important factors. The convenience of using a car and the benefits of owning a car significantly impact the buyer's quality of life.

Owning a car helps users save time and money and even increase their income. However, finding the right car for budget-conscious consumers has always been an issue, which is why this article showcases the most cheapest cars available in 2024 based on their pricing and value proposition.

Criteria for Selection of Cheapest Cars 2024

To identify the cheapest cars in 2024, there are 3 standards that will be used to evaluate. These criteria are:

  1. Base price

    This is the starting price or cost of a car, excluding optional features and upgrades like a sunroof, taxes, and other add-on costs.

  2. Value for money

    This criteria considers an automobile's standard features, fuel efficiency, cost of ownership, and overall value proposition to the buyer. 

  3. Affordability

    Affordability is an assessment of a vehicle's financial cost compared to that of other automobile competitors or manufacturing companies.

All three standards of evaluation are important when it comes to comparing different cars for affordability.

Best Cars in 2024

If you are interested in the top-performing cars today, check out our current list and see for yourself.

1.  2024 Mazda 3

Priced at $25,355, the 2024 Mazda 3 has a base 191-hp 2.5-liter four-cylinder for front-wheel and all-wheel drive. The car responds promptly to gas-pedal inputs; however, it is primarily the turbocharged engine that makes it fast. 

This sedan is fuel efficient and comfortable, making it a hard choice to refuse. Interested buyers must note that the turbo model of the 2024 Mazda 3 only comes in an automatic option. Some of this car's standard features include power windows, locks, mirrors and a sunroof.

2. 2024 Honda Civic 

The 2024 Honda Civic costs around $25,045, making ot one of the cheapest cars in 2024. It is a roomy and comfortable compact car with a great design. It is also fuel efficient. While it is small, it is a practical daily transport kind of car. It comes with a 158-up 2.0-litre four-cylinder engine. The 2024 Honda Civic provides many driver assistance features alongside its Apple CarPlay and Android Auto.

The 2024 Honda Civic car does not have a manual transmission, and its infotainment screen is quite small. However, its power windows, smart locks, and mirrors make it a good choice.

3. 2024 Subaru Impreza 

At $24,115, the 2024 Subaru Impreza is one of the cheapest cars for anyone who enjoys an 182 hp engine and a spacious interior. The 2024 Subaru Impreza allows passengers to remain comfortable even with cargo. It has two 7-inch screen systems and an optional 11.6-inch system. 

This car's standard features including its sunroof and heated seats make it a great choice, interested buyers must however consider other factors including its poor performance before making a decision to buy.

4. 2024 Toyota Corolla 

Sold at $22,995, the 2024 Toyota Corolla is a great choice if you're looking for a relatively cheap car that will predictably take you on that trip safely. This car has all the standard safety features that it needs, including exterior styling and a hybrid powertrain. It is very fuel efficient, using a 169 HP 2.0-liter four-cylinder that provides power to the car's front wheels.

Although, the 2024 Toyota Corolla reduces the space available to passengers and cargo due to its hatchback and its engine is rough, the car's pros are greater than its cons. After all, safe and reliable transport is a quality that should not be compromised.

5. 2024 Volkswagen Jetta 

This 2024 Volkswagen Jetta is priced at $22,585. It is one of the cheapest cars in the world, a compact sedan, smooth with a roomy interior for passengers and cargo, and very fuel efficient. This car maximises its 158 horsepower turbocharged inline-four engine on every ride. 

The 2024 Volkswagen Jetta also avoids compromise with safety features with its forward collision warning, automatic emergency braking, and some other infotainment offerings. Buyers must also consider its lack of sportiness, sparse interior and exterior look before making a decision.

6. 2024 Hyundai Elantra

The 2024 Hyundai Elantra is priced at $22,065. For a price like this, the car’s design is well-styled. It also has a simple infotainment system. This car is highly functional, even better if you are a first-time car buyer looking to get a cheap car for yourself or your family.

This compact sedan is easy to park and fuel efficient. Its base powertrain is a 2.0-liter four-cylinder engine, and it is estimated that this base will get at least 33 mpg in the city and 42 mpg on the highway. This car's standard features include emergency braking, lane-keeping assist, and high beams.

7. 2024 Nissan Sentra

The 2024 Nissan Sentra is a front-wheel drive car priced at $22,030. It comes with a 149 HP four-cylinder engine and is actually an affordable car. It fully possesses the necessary safety features, including automatic emergency braking, lane departure warning, comfortable seats, and driver assistance technology.

The car also has one of the most pleasing interior designs. However, interested buyers must note its noisy powertrain and the slightly better options on this list.

8. 2024 Kia Forte 

The 2024 Kia Forte is priced at $21,145. It is known for its great styling and standard features. If you're looking for an aesthetically pleasing, affordable, and valuable car, the 2024 Kia Forte is your best bet. 

This car has a 2.0-litre four-cylinder engine and a front-drive standard feature at a steal price. It also boasts a powertrain warranty that is incomparable to that of a BMW or a Mercedes-Benz. Interested buyers must consider the base engine's poor performance before making a choice, though.

9. 2024 Mitsubishi Mirage G4

The 2024 Mitsubishi Mirage G4 is one of the cheapest cars around, priced at $19,115. The car uses its gas pump sparingly and also provides great room, although it is a bit narrow. This car’s standard features, which make it relatively competitive include its automatic climate control, cruise control, automated emergency braking, android auto and apple car play.

The 2024 Mitsubishi Mirage G4 is cheap in price, cheap in usage and management, and has great warranty coverage. However, interested buyers must note that this car's engine is not great, and you really get what you pay for. This cheap car is cheaply made.

10. 2024 Nissan Versa

The 2024 Nissan Versa is priced at $17,530, but its great styling, fuel efficiency, and value-centered features make it a unique pick, however cheap. Although its fuel efficiency makes it considerably frugal at the fuel pump, this car remains a well-developed and affordable sedan. 

Some of its other winning features are its lane departure warning, automatic emergency braking and high beam assist. Interested buyers should, however, consider that the car does not have as much room and may be too basic for some.

Wrapping things up

Considering the base price, standard features, and fuel efficiency of the cheapest vehicles in 2024, from the 2024 Mazda 3, the most expensive on this list, to the 2024 Nissan Versa, the least expensive, it is evident that there is a valuable and affordable choice for every budget-conscious consumer.

However, it is important that consumers conduct further research and consider their specific needs and preferences when choosing the right affordable vehicle. 

Whatever your budget, know that the best affordable car for your lifestyle is out there, waiting for you!