
The cheapest brand-new car you can buy in the U.S. for the 2024 model year is the Versa sedan, with a starting Manufacturer's Suggested Retail Price (MSRP) of around $16,690 (excluding destination charges). It's closely followed by the Mitsubishi Mirage hatchback. While "cheapest" is a straightforward metric, the real value is found in a car's total cost of ownership, which includes fuel efficiency, insurance, and anticipated maintenance. For a minimal upfront investment, these cars offer basic, reliable transportation.
| Vehicle Model | Starting MSRP (2024) | Body Style | Key Standard Feature | EPA Est. MPG (Combined) |
|---|---|---|---|---|
| Nissan Versa S | $16,690 | Sedan | Automatic Emergency Braking | 35 |
| Mitsubishi Mirage ES | $16,695 | Hatchback | 5-year/60,000-mile warranty | 39 |
| Hyundai Venue SE | $20,400 | SUV | 10.25-inch digital cluster | 33 |
| Kia Rio LX | $17,075 | Sedan | Apple CarPlay/Android Auto | 36 |
| Chevrolet Trailblazer LS | $23,100 | SUV | 4G LTE Wi-Fi Hotspot | 29 |
Choosing the absolute cheapest model involves trade-offs. The Versa and Mirage are exceptionally affordable but are considered entry-level subcompact cars. This means you get a modest engine, simpler interior materials, and less cabin space. If your budget can stretch a few thousand dollars more, models like the Kia Rio or Hyundai Venue offer a more refined driving experience, additional features, and often better resale value. The best choice depends on whether your priority is the absolute lowest sticker price or the best overall value for your money over the first five years of ownership.

Honestly, if you just need a reliable point-A-to-point-B car, the Versa is your best bet. It's under $17,000 and gets the job done with modern safety tech. I'd skip the absolute bare-bones models and look for a mid-trim like the Versa SV. You'll get cruise control and better speakers for not much more money. It’s not exciting, but it’s a solid, cheap way to get a new car with a full warranty.

Don't just look at the sticker price. The Mirage has a higher MPG, which saves you money every week at the pump. Its warranty is also a huge plus for peace of mind. While the ride is noisy and the engine is weak, it's incredibly cheap to own and insure. For a city commuter or a second car, its low running costs can make it the truly "cheapest" option in the long run, even if another car has a slightly lower MSRP.

I was in this exact spot last year. I test-drove the Versa and the Rio. The Rio, for just a bit more, felt so much more put together and less tinny on the highway. It had Apple CarPlay standard, which was a big deal for me. The Versa is cheaper on paper, but the Rio felt like a better value for my daily life. My advice? Test drive both. The cheapest car is the one you'll be happy with for years.

Consider the body style that fits your life. The cheapest car period is the Versa sedan, but the Mirage is a hatchback, which is way more practical for hauling stuff. If you need more space or sit higher up, the Venue is the cheapest new SUV, though it's noticeably more expensive. You're trading a lower payment for utility. Define what "car" means for you—just a driver's seat or a versatile tool—before deciding on the cheapest model.


