Cheap Luxury Cars for 2024

Despite inflation, affordable cars under $20,000 still exist in the US. Here are the top 10 cheapest new models of 2024, perfect for budget-conscious buyers looking for reliable options without breaking the bank.

Affordable cars are becoming increasingly rare So-called “affordable” cars are becoming increasingly rare. It’s not surprising that traditional gasoline-powered models remain the least expensive to buy. In comparison, electric cars are still far too expensive, even though the market is expanding every year. For example, the Dacia Spring, which lost its ecological bonus because it is produced in China, has seen its price drop to $18,900 to compensate for this loss. If you are looking for a new city car at an attractive price, check out this ranking!

Cheap cars are becoming increasingly rare If you look at the current range of new cars, you’ll quickly realize that you have to pay much more than before. The causes include disruptions to supply chains, the increase in the cost of raw materials, and evolving safety standards (GSR2), all of which add up to quickly increase prices. Just look at the prices for the very latest Dacia Duster, which costs $1,700 more than the current generation. The same goes for the popular Suzuki Swift, which has gone from $15,090 to $18,990! To compensate, manufacturers offer exceptional discounts. For instance, the Swift is listed at a starting price of $17,790 without any options, thanks to a discount that runs until June 30. This leaves a difference of “only” $2,000 compared to the previous generation. As is often the case, Dacia is still the most accessible, with a starting price set at $11,990 for the Sandero. For this price, you get a practical and versatile city car, capable of handling expressways without any problem. The new Citroën C3 in the gasoline version is also dropping in price for more power, listed at under $15,000 with the YOU trim, compared to over $16,500 for the previous model.

Top 10 cheapest new cars in the US (as of 05/06/24):

Dacia Sandero Essential SCe 65 hp ($11,990)
Fiat Panda Mild Hybrid 1.0 70 hp ($13,600)
New Citroën C3 YOU PureTech 100 hp ($14,990)
Suzuki Ignis Avantage 1.2 Dualjet Hybrid 83 hp ($15,390)
Mitsubishi Space Star 1.2 MIVEC AS&G Inform 71 hp ($15,490)
Kia Picanto ISG Petrol 1.0 DPi ISG 63 hp ($15,990)
Hyundai i10 Intuitive 1.0 ECO Initia 63 hp ($17,850)
Renault Twingo Equilibre SCe 65 hp ($17,000)
Suzuki Swift 1.2 Dualjet Hybrid 83 hp ($17,790)
Dacia Duster Essential ECO-G 1.0 TCe 100 hp ($17,790)

As new models hit the market, budget-conscious buyers should keep an eye out for promotions and discounts. Car manufacturers often provide limited-time deals that can make a significant difference in affordability. Additionally, it’s wise to compare financing options, as interest rates and terms can vary widely, impacting the overall cost of a vehicle.

For those who prefer a bit more luxury without breaking the bank, looking into cheap luxury cars might be a viable option. Some manufacturers offer entry-level models that provide a taste of luxury features at a more affordable price point. It’s all about balancing your budget with your desire for style and comfort.

Furthermore, considering a certified pre-owned vehicle can be a smart move. These cars often come with warranties and have undergone thorough inspections, providing peace of mind at a lower cost compared to brand-new models.

In conclusion, while finding cheap new cars is becoming more challenging, opportunities still exist for those willing to do their homework and stay flexible. From budget-friendly city cars to cheap luxury cars, there are options out there to suit various tastes and financial situations. Stay informed about market trends and be ready to act when you find a good deal to ensure you get the best value for your money.