what is the cheapest new car in canada

[LaSarah]

The 2024 Nissan Versa is currently the cheapest new car you can buy in Canada, with a starting Manufacturer's Suggested Retail Price (MSRP) of $18,998 for the S trim with a manual transmission. This price point makes it the most accessible entry into new car ownership, but it's crucial to factor in additional costs like freight and delivery (typically around $2,000), taxes, and other fees, which will bring the final on-road cost closer to $22,000.

While the Versa holds the title for the lowest starting price, the competition is fierce in the sub-$20,000 category. The Kia Forte and Hyundai Elantra are strong alternatives, often offering more standard features for a slightly higher entry cost. The key is to look beyond the base MSRP. A car with a higher sticker price but more included equipment might represent better overall value than a bare-bones model where you need to add expensive options.

For budget-conscious buyers, the base Versa S is a rational choice. It comes with a capable 122-horsepower engine, Apple CarPlay/Android Auto, and essential safety features like automatic emergency braking. However, stepping up to the automatic transmission adds about $1,600. When comparing models, it's helpful to look at the key contenders in this segment.

Car Model	Starting MSRP (CAD)	Engine / Horsepower	Key Standard Features
Nissan Versa S	$18,998	1.6L 4-cyl / 122 hp	7-inch touchscreen, Apple CarPlay, Android Auto, Automatic Emergency Braking
Kia Forte LX	~$22,000	2.0L 4-cyl / 147 hp	8-inch touchscreen, Lane Keeping Assist, Driver Attention Warning
Hyundai Elantra Essential	~$21,000	2.0L 4-cyl / 147 hp	8-inch touchscreen, Forward Collision-Avoidance Assist, Lane Keeping Assist
Mitsubishi Mirage ES	~$16,000	1.2L 3-cyl / 78 hp	Extremely low fuel consumption, 10-year/160,000 km powertrain warranty
Chevrolet Spark LS	Discontinued (2022)	1.4L 4-cyl / 98 hp	Was the previous cheapest option; now only available as used

Your final decision should balance the initial purchase price with long-term value, including fuel economy, standard technology, and warranty coverage. Test driving these options is the best way to determine which cheap new car best fits your needs.

[LaTessa]

Honestly, if you're just looking for the absolute lowest number on the window sticker, it's the Nissan Versa. But let me tell you, my neighbor got one and immediately regretted not spending a couple thousand more on the Kia Forte. The Forte feels so much nicer inside and has way more stuff included. Sometimes the cheapest car upfront isn't the best deal for your wallet over five years. Check the warranty details—that's where Kia and Hyundai really shine.

[VonCaden]

You'd be surprised what you get for your money these days. The cheapest new car is the Nissan Versa, starting under $19k. But even at that price, it's not a penalty box. It has a modern touchscreen with smartphone integration and important active safety tech like automatic emergency braking, which was unheard of in this class a few years ago. It’s a testament to how standard features have trickled down, making basic transportation safer and more connected than ever before.

[Debra]

The Nissan Versa is the winner on price alone. However, the Mitsubishi Mirage is significantly cheaper to start, but it's a very basic, three-cylinder car best suited for city driving. For most people, the Versa, Kia Forte, or Hyundai Elantra are smarter choices. They offer a better balance of power, comfort, and features. My advice? Make a shortlist of these three, then visit dealerships to see which one has the best financing or incentive package for you.

[FaithDella]

Focus on the total cost of ownership, not just the MSRP. The Nissan Versa is the cheapest to buy new. However, a car like the Hyundai Elantra, while starting a bit higher, might have better resale value down the line. Also, consider fuel costs; the Versa is efficient, but the Mitsubishi Mirage is even better, though it sacrifices a lot of power. The best "cheap" car is the one that costs you the least over the time you own it, factoring in depreciation, fuel, and maintenance.