33 Most Wallet-Friendly New Cars You Can Buy in 2024

Patrick Oziegbe
Updated On:

Buying a new car in 2024 doesn’t have to break the bank. With countless options available, it can be challenging to find the perfect vehicle that suits your needs and your budget. In this article, we will be showcasing 33 of the most wallet-friendly cars available in 2024.

From city-friendly compact cars to fuel-efficient hybrids, this list is specifically curated to help you find a stylish and affordable vehicle that doesn’t compromise on performance or safety. Let’s explore these exciting options together.

Mazda 3 ($24,170+)

Car Mazda 3 Sedan
©Photo Credit: DepositPhotos

This versatile car comes in both sedan and hatchback models, so you can choose the best fit for your needs.

  • Premium Interior: The Mazda 3 offers a premium interior with leather-trimmed seats and aluminum speaker grilles for improved sound.
  • Bespoke Bose® Audio System: Experience crisp sounds and brilliant clarity with the 12-speaker Bose® audio system especially crafted for the Mazda 3.
  • Exceptional Handling: Mazda’s engineering philosophy focuses on enhancing the driving experience. You’ll enjoy the precision and smoothness of the Mazda 3’s handling.

Mitsubishi Mirage ($17,955+)

Mitsubishi Mirage
©Photo Credit: DepositPhotos

Here are three unique features that make it an ideal option for you:

  • Fuel Efficiency: The Mirage boasts an impressive fuel economy, making it one of the most fuel-efficient vehicles in its class and helping you save money on gas.
  • Compact Design: Its small size makes parking and maneuvering through tight spaces a breeze, ensuring your daily commutes are hassle-free.
  • Affordability: Offering a lower starting price than most competitors, the Mirage is extremely budget-friendly, allowing you to own a brand-new car without breaking the bank.

With proper maintenance, this economical car is known for its longevity, and owners can expect it to last an average lifespan of around 165,000 miles or more.

Toyota Corolla ($23,145+)

Toyota Corolla
©Photo Credit: Deposit Photos

With prices starting at $23,145, it offers excellent bang for your buck. Here are three standout features of this popular compact car:

  • Legroom: The Corolla ensures your comfort with ample legroom for both the front and back seats, making it an ideal option for daily commutes and longer trips.
  • Fuel Economy: Toyota has always prioritized fuel efficiency, and the 2024 Corolla is no exception. Its impressive fuel economy ratings make it an environmentally friendly pick.
  • Safety Features: As a dependable family car, Toyota Corolla offers a wide range of safety features, giving you peace of mind on the road.

Volkswagen Jetta ($22,660+)

Volkswagen Jetta Car
©Photo Credit: DepositPhotos

With several trims to choose from, it caters to various budgets and preferences. Along with the impressive engine, the 2024 VW Jetta offers

  • User-friendly infotainment system
  • Dual-zone automatic climate control (available on SE model and above)
  • Genuine leather upholstery and a panoramic sunroof (available on SEL model)

The average lifespan in miles for the Jetta is approximately 150,000 miles, providing you with years of dependable performance.

Nissan Sentra ($21,820)

Nissan Sentra
©Photo Credit: DepositPhotos

With its ample safety features, comfortable interior, and spacious cargo space, you can’t go wrong with this choice:

  • Safety Shield 360: Nissan has made their Safety Shield 360 technology standard in every Sentra model, offering you increased confidence and protection on the road.
  • NissanConnect: Stay connected with the NissanConnect infotainment system, which includes an 8-inch touchscreen, satellite radio, and Bose audio.
  • Flexible cargo space: You’ll be impressed with how much space the Sentra’s trunk has to offer, giving you plenty of room for your luggage or shopping bags.

Kia Rio ($16,750+)

Kia Rio
©Photo Credit: Deposit Photos

Kia is known for reliable vehicles, with the Rio being no exception:

  • Fuel Efficiency: With its impressive 36 MPG, you’ll enjoy a light impact on both your wallet and the environment.
  • User-friendly Infotainment System: The stock 8-inch touch screen comes with wireless Android Auto and Apple CarPlay, making it easy to connect your smartphone and access your favorite apps on the go.
  • Comfortable Interior: Plush seating and ample passenger space make for a cozy and enjoyable ride.

The average lifespan of new cars is approximately 150,000 miles. The Kia Rio offers significant cost savings as well as a solid reputation for reliability.

Honda Accord ($27,895+)

Honda Accord Car
©Photo Credit: Unlimphotos

With its stylish design, advanced technology, and impressive fuel efficiency, the Accord offers an outstanding value:

  • Connectivity: The Accord comes with an available Google built-in system and an extra-wide 12.3-inch touchscreen, making it easy for you to access your media, navigation, and more with just a few taps or voice commands. Plus, with Alexa Built-in, you can effortlessly control your smart home devices, music streaming, and weather updates.
  • Safety Features: The car is equipped with Honda Sensing® technology, which includes features like automatic emergency braking and active lane-keep assist, giving you peace of mind when you hit the road.
  • Fuel Efficiency: The 2024 Honda Accord offers a hybrid variant, which allows for an even more fuel-efficient driving experience.

The Accord’s average lifespan in miles is roughly 200,000, ensuring that you’ll get the most value out of your investment.

Hyundai Elantra ($22,775+)

Hyundai Elantra
©Photo Credit: DepositPhotos

The 2024 Hyundai Elantra is a wallet-friendly option that boasts impressive fuel efficiency, tech features, and a comfortable cabin. With its high fuel economy – the Elantra SE offering up to 32 mpg in the city and 41 mpg on the highway, you’ll save money on gas without sacrificing comfort or performance.

Unique features of the Elantra include a 10.25-inch touchscreen navigation system, ample safety features, and a roomy interior. The generous standard features include advanced safety options such as forward-collision warning, lane-keep assist, and a rearview camera.

Kia Forte ($19,990+)

Kia Forte
©Photo Credit: DepositPhotos

With its competitive pricing, fuel efficiency, and stylish interior, the Forte manages to stand out amongst its peers.

Here are three unique features of the 2024 Kia Forte:

  • Available manual transmission, giving drivers more control and a sportier driving experience.
  • Kia Connect, a complimentary 1-year subscription that offers remote services and vehicle diagnostics.
  • Ranked highest in long-term dependability among compact cars by J.D. Power in 2023.

Honda Civic ($25,045)

Honda Civic
©Photo Credit: DepositPhotos

Three unique features of the Civic include its sporty ride, available Bose® audio system, and three drive modes to enhance your driving experience. Furthermore, the Civic is available in both sedan and hatchback models, giving you the option to choose the best fit for your lifestyle.

Honda Civics are known for their longevity, often reaching over 200,000 miles with proper maintenance.

Nissan Versa ($16,390+)

Nissan Almera Versa
©Photo Credit: Unlimphotos

Some of the unique features of the Nissan Versa include its striking design, impressive handling, and a variety of available driver-assist features.

Trunk Space – The Versa offers a generous amount for a subcompact car. You will have no trouble fitting groceries, luggage, or any other essentials you need for daily driving or weekend getaways.

On the interior, the base S trim comes with standard features such as cloth upholstery, a 7-inch touchscreen, and a four-speaker audio system. Additionally, you have the option to upgrade to higher trims such as the SV or SR for more features and amenities.

Toyota Camry ($27,515+)

Toyota Camry
©Photo Credit: Deposit Photos

One of the key selling points is its fuel efficiency, contributing to long-term savings on fuel costs. It delivers Average Lifespan of around 200,000 miles, ensuring your investment in this reliable and safe vehicle goes a long way.

Safety is a top priority for Toyota. The Camry comes equipped with advanced safety features like Toyota Safety Sense 2.5+, which includes Pre-Collision System with Pedestrian Detection, Lane Departure Alert with Steering Assist, and Full-Speed Range Dynamic Radar Cruise Control.

Toyota Prius ($29,045+)

Toyota Prius
©Photo Credit: Deposit Photos

The 2024 Toyota Prius, with its impressive fuel efficiency and eco-friendly credentials, is a popular choice among wallet-friendly new cars.

One of the unique features of the Toyota Prius is its spacious interior. With ample legroom and cargo space, this car is ideal for family trips or simply carrying around day-to-day essentials. The trunk capacity of the Prius is generous, ensuring that all your belongings and more can fit comfortably.

Subaru Legacy ($26,015+)

Subaru Legacy
©Photo Credit: Deposit Photos

This midsize sedan offers a satisfying balance between price and features, with the midrange Sport trim providing the best bang for your buck. Its fuel economy is notable, achieving up to 27 mpg in the city and 35 mpg on the highway.

In addition to being budget-wise, the Subaru Legacy has a reputation for reliability, winning the IntelliChoice SmartChoice award for high retained value for ten years running, among other sweet benefits::

  • All-Wheel Drive: Unlike its competitors, the Legacy comes standard with Subaru’s Symmetrical All-Wheel Drive, giving you increased traction and control regardless of the weather or road conditions.
  • Safety: The Subaru Legacy boasts several advanced safety features, such as EyeSight Driver Assist Technology, which monitors traffic movement and optimizes cruise control for safer, more comfortable driving.
  • Infotainment System: The Legacy Premium trim level offers an upgraded 11.6-inch touch screen with wireless Android Auto and Apple CarPlay, keeping you connected and entertained on the go.

Toyota Camry Hybrid ($28,855+)

Toyota Camry Hybrid
©Photo Credit: DepositPhotos

The Camry Hybrid is also known for being highly reliable, contributing to Toyota’s strong reputation for quality and dependability.

Some of the sweet features offered by the Camry Hybrid include the smart key system with push-button start, four-mode switch (EV, Eco, Normal, Sport), and impressive fuel efficiency, with an estimated 51/53 MPG. These features not only enhance your driving experience but also lessen your environmental footprint.

Toyota vehicles, including the Camry Hybrid, are known for their longevity, often reaching up to 300,000 miles with proper care and maintenance.

Chevrolet Malibu ($26,195+)

Chevrolet Malibu
©Photo Credit: Deposit Photos

One unique feature of the Malibu is its Chevrolet Infotainment 3 system with Navigation, making it easier for you to stay connected and informed while on the road. Another highlight is the car’s sleek exterior design, which sets it apart from other mid-size sedans in the market.

Additionally, the 2024 Malibu offers an 8-way power driver’s seat with 2-way power lumbar support to ensure your comfort on long drives.

The Malibu is built to last, offering at least 147,000 of average lifespan in miles and dependability while maintaining efficiency throughout its life.

Hyundai Kona ($24,100+)

Hyundai Kona Years to Avoid
©Photo Credit: DepositPhotos

Some standout features include the simple controls with upgraded multimedia systems for 2024, including 8 and 10.25-inch touchscreens. Furthermore, the Kona boasts an EPA-rated 29 MPG combined when paired with its larger engine and AWD. Lastly, Hyundai’s HTRAC All Wheel Drive allows for effortless cornering and a solid grip on slick streets.

Subaru Impreza ($23,145+)

Subaru Impreza
©Photo Credit: Deposit Photos

Some unique features of the Subaru Impreza include its standard AWD system, which provides excellent traction and control in various driving conditions. Another notable aspect is the advanced safety features it offers, such as adaptive cruise control and LED headlights, even in the base model.

Lastly, the 2024 Impreza comes in various trim levels, with the RS model featuring a powerful 2.5-liter flat-four engine producing 182 horsepower.

Honda CR-V ($35,595)

Honda CRV
©Photo Credit: Deposit Photos

One of the key features of the 2024 Honda CR-V is its efficiency. The hybrid model (recommended by Autoblog) offers even better fuel economy, making it perfect for those who want to save on fuel costs long term.

The CR-V also has a spacious interior design, providing ample legroom and cargo space for both passengers and belongings. Its technology features include Android Auto and Apple CarPlay compatibility, and an easy-to-use touchscreen infotainment system for audio, navigation, and more.

Kia Soul ($19,990+)

The Kia Soul
©Photo Credit: miramarspeedcircuit

One of the most appealing features of the 2024 Kia Soul is its generous cargo space, making it a great option for road trips or daily errands. The Kia Soul’s distinctive, boxy design allows for more headroom and legroom, which passengers will appreciate on long drives.

The 2024 Kia Soul offers impressive fuel efficiency without sacrificing performance. Its 2.0-liter four-cylinder engine provides 147 horsepower and 132 lb-ft of torque, which is more than adequate for its size.

Subaru Forester ($25,000+)

Subaru Forester
©Photo Credit: Deposit Photos

Three unique features can be found in the Subaru Forester: Symmetrical All-Wheel Drive, enhancing the overall stability and providing a balanced weight distribution; EyeSight Driver Assist Technology, offering state-of-the-art safety equipment like adaptive cruise control, lane-keep assist, and pre-collision braking; and Subaru Starlink Multimedia, providing seamless connectivity with your smartphone, allowing you to access apps, news, and navigation.

With a consistently high resale value by Kelley Blue Book, your investment is well protected. The average lifespan of a Subaru Forester is an impressive 240,000 miles when maintained properly, ensuring you enjoy many years of driving pleasure.

Honda HR-V ($24,600+)

Honda HR-V
©Photo Credit: DepositPhotos

It stands out in the modern SUV market with its combination of fuel economy, ample cargo capacity, and advanced features.

  • Fuel Economy: One of the distinct advantages of the Honda HR-V is its impressive fuel efficiency. This compact SUV allows you to save on your fuel expenses without compromising on performance or comfort.
  • Cargo Capacity: The HR-V boasts a spacious cabin and more cargo room than its competitors, like the Mazda CX-30. This makes it an ideal choice for drivers seeking versatility for their daily needs or weekend getaways.
  • Hill Descent Control: This technology helps maintain a controlled speed when driving downhill, ensuring a smooth and safe ride
  • Multi-link Rear Suspension: This feature enhances driving stability and comfort on uneven terrains.

Toyota RAV4 ($29,825+)

Toyota RAV4
©Photo Credit: Deposit Photos

With its comfortable and spacious interior, combined with Toyota’s reputation for dependability, this vehicle is an excellent choice for anyone seeking a new car.

  • Fuel Efficiency: The RAV4 offers an impressive fuel economy, helping you save money at the pump.
  • Safety Features: Equipped with Toyota Safety Sense, the RAV4 provides a suite of advanced safety technologies for added peace of mind.
  • Variety of Trims: The RAV4 comes in multiple trims, allowing you to find the perfect blend of features and affordability.

Average Lifespan in Miles exceeds 200k miles, and with proper maintenance and care, you can expect your RAV4 to last well beyond 200,000 miles.

Mazda CX-9 ($38,750+)

Mazda CX 5 vs CX 9
©Photo Credit: DepositPhotos

The Mazda CX-9 is a stylish midsize SUV that combines a distinctive design with a pleasurable driving experience.

  • Dynamic Driving Experience: The Mazda CX-9 focuses on excellent handling and responsiveness, allowing you to fully enjoy the drive.
  • Advanced Infotainment System: The standard 10.25-inch display comes with Apple CarPlay and Android Auto integration, making it easy to stay connected on the go.
  • Flexible Seating Arrangement: Whether you prefer a second-row bench or dual captain’s chairs, the CX-9 provides seating options for up to seven people.

Subaru Outback ($30,240+)

Subaru Outback
©Photo Credit: DepositPhotos

The 2024 Subaru Outback is an excellent choice for those seeking a wallet-friendly, practical vehicle:

  • Standard AWD: Subaru is known for its all-wheel-drive system, which comes standard on the Outback. This means better traction and control in various driving conditions, providing extra safety and confidence on the road.
  • Impressive fuel efficiency: With an estimated fuel economy of 25 mpg city and 33 mpg highway, the Outback offers impressive savings on fuel costs, allowing you to go further for less.
  • Advanced safety features: The 2024 Subaru Outback features standard EyeSight Driver Assist Technology, providing extra protection for every passenger.

Subaru is renowned for its durability, and many Outback owners report reaching well over 200,000 miles with proper maintenance.

Ford Escape ($30,990+)

A Ford Escape
©Photo Credit: miramarspeedcircuit

It offers a balance of performance, fuel efficiency, and attractive design and so much more amazing features:

  • Engine options: The Escape offers three engine choices to suit your needs – the gas-powered EcoBoost, hybrid, and plug-in hybrid.
  • Innovative technology: The 2024 model comes with SYNC® 4 and an available 360-Degree Camera, allowing you to stay connected and easily navigate tight spots.
  • Wide range of models: With six different models to choose from, you can find the perfect Ford Escape to suit your preferences and budget.

It’s designed to provide reliable performance with an average lifespan in miles of around 150,000, giving you peace of mind as you enjoy your budget-friendly SUV.

Toyota Tacoma

Toyota Tacoma
©Photo Credit: DepositPhotos

The 2024 Toyota Tacoma is a wallet-friendly option for those looking for affordability without sacrificing quality.

  • Turbocharged engine: The Tacoma is equipped with a turbocharged 2.4-liter four-cylinder engine, which offers improved performance compared to the previous V-6 version.
  • Improved interior design: This new version of the Tacoma boasts a more comfortable and stylish interior, allowing you to enjoy your drive even more.
  • Off-road capability: For those who enjoy exploring, the Tacoma offers various off-road trims, ensuring you always have the perfect vehicle to tackle any terrain.

Average Lifespan in Miles: The Tacoma truck is known to exceed 250k miles. Its reputation for reliability ensures that it will continue serving you for many miles.

Honda Ridgeline ($43,295+)

Honda Ridgeline
©Photo Credit: DepositPhotos

First, the Ridgeline is well-known for its car-like handling and smooth ride, thanks to its independent suspension system. This allows you to drive comfortably even when you’re off the beaten path. The truck also benefits from a 3.5-liter V6 engine that delivers 280 horsepower and a towing capacity of up to 5,000 pounds.

Next, the TrailSport trim level is an exciting addition to the Ridgeline lineup in 2024. It’s specifically geared towards off-road enthusiasts, providing all-terrain tires and an off-road tuned suspension.

5 Economical and Reliable Electric Cars

Tesla Model 3 EV
©Photo Credit: DepositPhotos

In today’s world, it’s essential to find budget-friendly electric cars that don’t compromise on performance and reliability. Here are five options that you should consider when you’re in the market for an eco-friendly ride.

Chevrolet Bolt:

This popular electric vehicle (EV) offers a great combination of range and efficiency, delivering over 200 miles on a single charge. Equipped with a touchscreen infotainment system, Android Auto, and Apple CarPlay, it ensures an enjoyable driving experience.

Kia Niro EV:

Kia’s Niro EV is another great option, featuring impressive fuel economy along with excellent handling. This electric SUV is perfect for families, as it comes with a roomy interior and advanced safety features.

Hyundai Ioniq 5:

Known for its cutting-edge design and performance, the Ioniq 5 is another smart choice for an affordable electric car. Its stylish interior and user-friendly technology makes it a comfortable option for city commutes or long road trips.

Tesla Model 3:

While a bit more expensive, the Tesla Model 3 is still more wallet-friendly than other Tesla models. The combination of its electric motor performance and the Tesla Autopilot system makes it an exciting and safe drive. Plus, its unique design and sleek aesthetics are a definite head-turner.

Mini Cooper SE:

Ideal for urban drivers, this compact electric car offers great handling and fuel efficiency. Its retro-styled exterior and modern tech features, such as its touchscreen infotainment system, make it a fun and practical choice for electric car enthusiasts.

Chevrolet Bolt ($26,600+)

Chevrolet Bolt EV Electric Car
©Photo Credit: Unlimphotos

Firstly, the Bolt boasts an impressive range of around 250 miles on a single charge, providing you with peace of mind during your daily commutes or longer road trips. This makes the Bolt a reliable companion in a world where electric cars are becoming increasingly popular.

Secondly, the Bolt is highly energy efficient, designed to minimize energy consumption and save you money on your energy bill. Its regenerative braking technology helps recover energy that would have been lost while braking, making it much more efficient than traditional gasoline vehicles.

Thirdly, the Bolt offers a competitive asking price of around $26,600, making it stand out in the ever-growing electric car market. Additionally, the Bolt’s basic warranty covers three years/36,000 miles, ensuring you don’t have to worry about costly repairs in the early years of your ownership.

Kia Niro EV ($40,975+)

Kia Niro EV
©Photo Credit: DepositPhotos

The Niro EV offers seamless smartphone integration with both Android Auto and Apple CarPlay. You can easily access your favorite apps, messages, and music through the user-friendly infotainment system. The vehicle also has an impressive all-electric range of 253 miles, which should easily cover your daily commute and weekend errands.

Some unique features of the Niro EV include regenerative braking, which helps extend battery life by converting kinetic energy back into stored power, an available heat pump system for maximizing energy efficiency, and an optional eco-pedal that encourages more fuel-efficient driving habits.

With an average lifespan of around 190,000 miles, this EV offers a wallet-friendly option in the electric vehicle market.

Hyundai Ioniq 5 ($44,000+)

The Hyundai Ioniq 5
©Photo Credit: miramarspeedcircuit

The exterior design is eye-catching, and it is known for its impressive performance and comfortable interior.

Unique Features:

  • Advanced EV platform
  • Exceptional space efficiency
  • Winner of 3 World Car Awards

The interior of the Ioniq 5 offers ample room for passengers and cargo, making it an ideal choice for families or those looking for a versatile vehicle. Additionally, the cabin is outfitted with high-quality materials, providing a comfortable and enjoyable driving experience.

Tesla Model 3 ($40,630+)

Tesla Model 3
©Photo Credit: DepositPhotos

Some sweet features of this model include its energy-absorbing side sills, a fortified battery pack mounted low in the vehicle to reduce rollover risk, and a metal body structure that can withstand many times the car’s weight. The active safety features like automatic emergency braking come standard.

The average lifespan in miles for a Tesla Model 3 can vary depending on factors like maintenance and driving conditions. However, Tesla’s electric vehicles are known to have long lifespans, with some owners reportedly achieving well over 300,000 miles.

Mini Cooper SE (31,895+)

A Mini Cooper SE
©Photo Credit: miramarspeedcircuit

The Mini Cooper SE is an electric vehicle that not only prioritizes an eco-friendly ride but also emphasizes its signature handling and style. Here are some standout features you will appreciate in the 2024 Mini Cooper SE.

  • Electric Performance: The Mini Cooper SE is designed to deliver an exciting driving experience with its electric powertrain. It offers a range competitive with other electric cars in its segment.
  • Fuel Efficiency: As an electric vehicle, the Mini Cooper SE excels in fuel efficiency, saving you money on fuel costs in the long run.
  • Distinctive Handling: The Mini Cooper SE retains the classic Mini handling characteristics, providing a responsive and engaging drive that’s enjoyable for drivers of all levels.

Advice for Car Buyers

Car Buyers
©Photo Credit: Unlimphotos

Understanding Your Needs

Before diving into the market, take a moment to consider what kind of car suits your lifestyle and destination preferences. Think about factors like practicality, fuel efficiency for a commuter car, and overall value.

Exploring Financing Options

Navigating finances can be daunting. Research different financing options, such as leasing or buying. Compare loan terms, interest rates, and down payments to make an informed decision.

Navigating the Car Buying Process

Once you have a budget and preferences, start exploring your options. Use resources like Consumer Reports to find reliable information on various models. Test drive a few contenders and don’t be afraid to ask questions.

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