The average price of a new car has been gradually decreasing after peaking during the pandemic, but it still remains alarmingly close to $50,000. While that might be manageable for wealthier buyers, most people can’t afford to spend that much on a vehicle. Thankfully, even though it’s no longer possible to buy a new car for under $20,000, there are still plenty of affordable cars available for under $25,000 that offer great value.
If you’re looking for affordable cars, it’s essential not to settle for the cheapest option on the lot. Instead, Consumer Reports has put together a list of 10 affordable cars that it recommends, some of which are even selling for less than the manufacturer’s suggested retail price (MSRP). Let’s take a look at the affordable cars that made the list.
Consumer Reports’ List of 10 Affordable Cars
KIA Forte
The Kia Forte may not blow you away with its refinement, but its $21,145 price tag (including destination) makes it one of the most affordable cars you can find. If you go for the Kia Forte LXS, it’s even selling for slightly under MSRP—by seven dollars, but every bit counts when it comes to cheap cars.
Nissan Sentra
The Nissan Sentra is another excellent option in the affordable cars category, starting at $22,730 (including destination). Consumer Reports found that the Nissan Sentra SV is selling for an average of $292 below MSRP, making it an even better deal for buyers seeking affordable cars.
Hyundai Venue
If you prefer a crossover instead of a sedan, the Hyundai Venue is an excellent choice among affordable cars. It’s a practical subcompact crossover with a starting price of just $21,295. However, it’s so popular that buyers are currently paying an average of $750 over MSRP for the Venue SEL.
Buick Envista
Another strong contender in the cheap cars category is the Buick Envista, which starts at $23,995 (including destination). While you might pay around $320 over MSRP for the Envista Preferred, it still delivers great value for its price.
Toyota Corolla
The Toyota Corolla, known for its reliability and fuel efficiency, is another solid pick among affordable cars. Starting at $23,145, it’s dependable and efficient. However, Consumer Reports found that Corolla LEs are selling for $833 over MSRP due to high demand.
Nissan Kicks
The Nissan Kicks has been redesigned, but there are still some first-generation models available, starting at $22,385. Although current buyers are paying an average of $628 over MSRP, once the new model arrives, these prices may shift, making it a good time to find cheap cars in this category.
Hyundai Elantra
The Hyundai Elantra shares a lot of mechanical features with the Kia Forte but is positioned slightly higher in the market, starting at $22,775. Unfortunately, the Elantra SEL is selling for an average of $422 over MSRP, but it still remains a top choice in affordable cars.
Toyota Corolla Hatchback
For those who love the Toyota Corolla but need more cargo space, the Toyota Corolla Hatchback is a great option in the cheap cars lineup. It starts at $24,725, but buyers are currently paying an average of $523 over MSRP for the Hatchback SE version.
Subaru Impreza
The Subaru Impreza may not be as trendy as the Crosstrek or as sporty as the WRX, but it’s a reliable hatchback that performs well in various weather conditions, making it a solid choice among affordable cars. Starting at $24,115 (including destination), it’s also being sold for $489 less than MSRP on average.
Mazda 3
Lastly, the Mazda 3 may barely exceed the $25,000 mark with a starting price of $25,135, but it’s still one of the most fun-to-drive cars in its segment. Despite its excellent performance, it remains within reach for buyers of affordable cars, with buyers paying $135 less than MSRP for the 2.5 S Select Sport.
This list from Consumer Reports shows that while new cars can be expensive, there are still plenty of affordable cars that offer great value. It proves you don’t have to spend a fortune to get a reliable, well-equipped vehicle. Whether you’re after a sedan, crossover, or something more versatile, there are budget-friendly options that provide quality and performance without breaking the bank.
