Top 10 Cheapest New Cars That You Shoud Buy in 2022/2023 Top 10 Cheapest New Cars That You Shoud Buy in 2022/2023
Top 10 Best New Cars For Short Driver with Comfortable Driving Top 10 Best New Cars For Short Driver with Comfortable Driving
Photo KnowInsiders
Top 9 Cheapest New Cars In The US 2023/24. Photo KnowInsiders

Without a doubt, the world is accelerating its transition to electricity. Several automakers have pledged to stop or drastically reduce production of gasoline and diesel-powered vehicles in favor of electric vehicles. This, combined with the automotive industry's competitive nature and the most recent technological advancements, means that there is always something new to see on both the EV and ICE fronts.

As with previous model years, it leaves a plethora of options for 2023, which can be overwhelming at times. But this does not have to be the case. That is why we have compiled a list of the top 9 cheapest new cars in 2023/24 that will satisfy your comfort, performance, livability, and driving enjoyment.

Check More: Top 9 Cheapest Electric Cars In The US Market 2023/2024

Top 9 Cheapest New Cars In The US 2023/24

1. 2023 Hyundai Elantra SE Sedan: Fair Market Price $24,295

Top 9 Cheapest New Cars In The US of 2023
Photo xehay

Hyundai has experienced a quick rise and is currently leading the industry in some areas, including the provision of a compact sedan that is significantly less expensive than it appears. The Elantra's starting price is significantly lower than that of other vehicles in its class, but despite its low cost, it offers a spacious interior, ultra-modern styling, and seriously impressive fuel efficiency.

Having said that, the Elantra is the first car on this list to start showing a true trade-off between what you pay for and what you get. The continuously variable automatic transmission (CVT) on the Elantra is frustrating, and the lower trim levels don't have the same performance as the higher end cars on this list. All things considered, the Elantra provides a balance of affordability and aesthetics that many people will find appealing.

Top 12 Surprising Facts About Hyundai Motor Top 12 Surprising Facts About Hyundai Motor

2. 2023 Toyota Corolla LE Sedan: Fair Market Price $23,816

Corollas are the only brand with the same longevity as Civic, proving that inexpensive cars can last for many years while still being great. The Corolla has a reputation for dependability and is cost-effective in a variety of ways, including its low base price, good longevity, and excellent economy.

In general, the Corolla is a smooth-driving vehicle with superb utility and unexpectedly sporty looks. Having said that, you would need to spend a lot more money on the GR trims to get true hot hatch performance. Overall, the Corolla is a reliable package with a seriously alluring value at its base price.

READ MORE: Top 5 Most Expensive Electric Vehicles in the World Today

3. 2023 Honda HR-V: Base model $23,800

Photo VnExpress
Photo VnExpress

Prices are generally reasonable when looking for an SUV or crossover in the Honda lineup. One crossover, though, is significantly less expensive than every other 2023 Honda SUV.

You can easily determine which is the most affordable by going to the Honda website's crossovers and SUVs section. Any other model in the lineup is significantly more expensive than the 2023 Honda HR-V. The HR-V is a small crossover with a lot to offer and is priced below the well-liked CR-V and Pilot models. The starting price of the base model is about $7,000 less than that of the CR-V and $15,000 less than that of the Pilot.

A 2023 Honda HR-V LX base model can be purchased for $23,800. Comparatively, the Pilot starts at $38,080, while the CR-V starts at $31,110. Regardless of the Honda model they choose, the majority of buyers stake their bets on dependability, affordability, and excellent standard features.

4. 2023 Volkswagen Jetta S (Manual) Sedan: Fair Market Price $22,930

When most people think of "car," a shape similar to the Jetta's formal and professional silhouette appears in their minds.

In terms of exotic styling or sporty handling, the Jetta isn't the car to choose, but the price is unquestionably reasonable. The Jetta offers a straightforward value proposition thanks to its spacious trunk and wide range of standard features like a wi-fi network and Speech to Text.

A value proposition that many buyers who are on a budget and looking for reliable and comfortable transportation can actually understand.

5. 2023 Subaru Impreza (Manual) Sedan: Fair Market Price $22,700

Photo Subaru
Photo Subaru

Without a doubt, the Impreza is a small, affordable car with great safety features. The budget Subaru's interior and underpinnings, however, are beginning to look dated in comparison to other affordable cars that have been updated much more recently.

Though Apple CarPlay and Android Auto are standard, this is particularly true of infotainment technology in general. While the interior and underpinnings of the car haven't been updated in a while, this has the advantage of allowing the Impreza to retain some older features that many other compact cars have abandoned, such as the option for a manual transmission. Both the front and the back of the Impreza are very roomy, and all Imprezas come standard with all-wheel drive. Some charms never age.

6. 2023 Kia Forte LX Sedan: Fair Market Price $22,757

Although Kia has historically produced some of the most affordable vehicles on the new market, their affordability is now matched by their high level of quality. Despite having a low base price, the Kia Forte has a long list of standard features, including Android Auto and CarPlay. The Forte's exterior maintains a contemporary look thanks to a recent facelift. The Forte may be one of the most affordable cars available for purchase in the US, but it is just as livable as much more expensive vehicles. The Forte GT is one of the sportiest vehicles in its price range if you have the means to move up the option list.

Top 12 Little-Know Facts About KIA Motors Top 12 Little-Know Facts About KIA Motors

7. 2023 Mazda Mazda3 S Sedan-$22,550

Photo Mazda
Photo Mazda

Pros and Cons:


Sharp exterior styling

Upscale-feeling cabin

Available AWD


Cramped second-row seating

Improved mileage still not great

Available Engines: 2.5-liter inline four-cylinder (191 hp and 186 lb-ft), 2.5-liter turbocharged inline-fours (227 hp/ 310 lb-ft on regular and 250 hp /320 lb-ft on premium).

8. 2023 Mitsubishi Mirage ES Hatchback: Fair Market Price $18,780

A throwback to a time when "no frills subcompact" truly meant no frills subcompact, the 2023 Mitsubishi Mirage. If we're being kind, it completely fulfills the brief's requirement for spartanness.

Modern conveniences like a backup camera and a color touchscreen are present, but the former is now legally required and the latter is essential for the former to function. The Mirage's incredibly light weight—more than a thousand pounds lighter than some of the other cars on this list—is a significant advantage.

Even though the Mirage's similarly small engine and average brakes and suspension aren't enough to make it particularly enjoyable to drive, the low-tech 1.2-liter three cylinder can still deliver up to 40 mpg with ease. That metric may be the most significant of all for those searching for the most affordable new car.

9. 2023 Nissan Versa S: Base Price $15,730

Photo Zing
Photo Zing

For the 2023 model year, the Versa receives a facelift, and with the new look comes a comparatively slight price increase. Many other automakers have completely stopped making subcompact cars in favor of more lucrative (and expensive) models. Not Nissan, which continues to invest in their entry-level vehicle.

The Versa comes with a good selection of standard features like lane-departure warning, automated emergency braking, and remote keyless entry. But compromise results from cheapness: The Versa has less interior room than many of its rivals, and many great features, like adaptive cruise control and a built-in WiFi hotspot, require upgrading the trim level. Nevertheless, Android Auto and CarPlay are standard on the base model.

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