Budget-Conscious Vehicles Under $25,000: Finding the Cheapest Cars on the Market

Looking for a new vehicle without breaking your budget? The good news is that the cheapest car on the market doesn’t mean sacrificing quality or reliability. Whether you’re a first-time buyer, a city dweller, or simply seeking to maximize your spending power, finding an affordable option has become increasingly achievable. According to financial experts, car expenses should ideally not exceed 10% of your monthly income, making it essential to shop smart. GOBankingRates reviewed multiple affordability assessments from leading automotive outlets to identify six compelling vehicles priced under $25,000. Here’s what today’s most budget-friendly new cars have to offer.

Mitsubishi Mirage - The Ultra-Budget Champion at $18,015

Claiming the top spot among the cheapest cars on the market today, the Mitsubishi Mirage delivers exceptional value for cost-conscious shoppers. With a base starting price of just $18,015, this compact vehicle stands out as one of the most economical options available. The Mirage earned second place in Kelley Blue Book’s latest ranking of affordable new vehicles for 2024-2025.

What makes this hatchback-and-sedan offering particularly attractive is its impressive fuel efficiency, making it ideal for urban drivers navigating tight city streets. While some critics note that acceleration isn’t its strongest suit compared to pricier competitors, the Mirage compensates through sheer practicality and space efficiency. The compact footprint and reliable performance have made it a favorite for those prioritizing savings and simplicity over flashy features.

Kia Forte - Premium Cabin Space at $21,145

The 2024 Kia Forte clinched third place in Kelley Blue Book’s affordability rankings this year, offering compelling value at its $21,145 starting price. Don’t let the modest price tag fool you—this model punches above its weight in terms of cabin quality and interior design. The Forte delivers generous interior space and a surprisingly stylish aesthetic that appeals to buyers seeking more than just basic transportation.

For those willing to spend slightly more than the cheapest option on the market, the Kia Forte represents a smart middle-ground choice, combining affordability with upscale touches that make daily driving more enjoyable.

Nissan Sentra - Comfort and Safety at $21,725

The Nissan Sentra presents a well-rounded package for budget-minded vehicle shoppers. Starting at $21,725 for the 2024 model (with 2025 pricing at $22,730), this sedan prioritizes passenger comfort with its spacious cabin and supportive seating. Beyond comfort, the vehicle impresses with solid fuel economy and a comprehensive array of safety features designed to protect occupants.

The Sentra’s reasonable pricing relative to its feature set makes it an intelligent choice for buyers balancing cost-consciousness with practical requirements. It’s a vehicle that doesn’t ask you to compromise on essential conveniences.

Hyundai Elantra - First-Time Buyer Favorite at $22,775

The 2024 Hyundai Elantra represents a sweet spot for new vehicle purchasers, particularly first-time buyers entering the market. Starting at $22,775, this compact sedan offers impressive value through its combination of budget-friendly pricing, excellent fuel efficiency, sleek exterior design, and genuinely roomy interior space. According to Car and Driver, the Elantra deserves serious consideration from anyone purchasing their first vehicle.

The balance between affordability and practical features makes the Elantra stand out among cheapest car options without sacrificing the essentials drivers need daily.

Toyota Corolla - The Reliability Standard at $23,185

When seeking the perfect blend of affordability and proven dependability, the Toyota Corolla is a natural choice. With a starting price of $23,185, this practical sedan serves drivers across all circumstances—whether managing family transportation or professional commuting needs. The 2024 model incorporates updated technology designed to keep safety front and center, including LED headlights and wireless smartphone integration.

The Corolla’s reputation for longevity combined with its reasonable entry price makes it a calculated investment rather than merely a cheap purchase, appealing to those who value total cost of ownership.

Volkswagen Jetta - Feature-Rich Choice Under $23,500

Rounding out this lineup is the 2025 Volkswagen Jetta, positioned just under the $25,000 threshold at its $23,220 starting price. This model achieved 10th place in Kelley Blue Book’s ranking of the year’s most affordable vehicles. The Jetta delivers substantial value through its spacious interior, commendable fuel economy, and Volkswagen’s IQ.Drive driver-assist suite—technology that helps drivers enjoy enhanced safety and convenience.

As a bonus for budget-conscious shoppers, the 2025 model carries a slightly lower price point than its 2024 predecessor, making it an increasingly attractive choice among cheapest cars currently available for purchase.

Making Your Decision

Finding an affordable vehicle doesn’t require settling for mediocrity. These six models demonstrate that the cheapest car on the market can still deliver reliability, comfort, and modern features. Before committing to any purchase, calculate whether your vehicle choice aligns with the guideline of keeping automotive expenses to 10% of your monthly income. By focusing on genuine value rather than simply the lowest sticker price, you’ll make a purchase decision you can feel confident about for years to come.