New cars under $25,000—Here are 5 to consider

Welcome to the CDG Shopper’s Corner! Every week, we collect the best deals from across the car market, including financing deals, low interest rates, and leasing opportunities. Our goal is to help you discover the most affordable options so you can spend more time shopping and less time researching.

In this edition, we put affordability front and center by taking a look at some of the best new vehicles under $25,000. Even though the average transaction price for newer models continues to hover around the $47,000 mark, the number of cheaper options is growing faster than ever.

1. 2024 Mitsubishi Mirage

The cheapest option on our list, the 2024 Mitsubishi Mirage is a compact car with a few trim options ranging from mid $16,000 to high $18,000. Furthermore, since many consumers are still hunting for SUVs and bigger vehicles, sedan inventory is piling up at many dealerships, making them more willing to work with you if you’re interested in something smaller.

• MSRP: starts at $16,695

• Horsepower: 78 hp

• Miles per gallon: up to 36 city, 43 highway

2. 2024 Hyundai Kona

The 2024 Kona is a sleek redesign of Hyundai’s popular SUV, making it a sought-after item in today’s market. It also comes on the pricer end of our list, with some options taking you over the $30,000 mark if you’re looking for additional features. The Kona also has a new hybrid version, if you’re looking to save on gas, although you may have to shell out a few extra thousand for the convenience.

• MSRP: starts at $24,250

• Horsepower: 147 hp to 190 hp

• Miles per gallon: up to 29 city, 34 highway

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3. 2024 Kia Soul

For those who want the look of an SUV but at sedan prices, the 2024 Soul is a fantastic option. This new iteration offers more room and features than previous models, although it might lack the power and fuel efficiency of competing vehicles in its price range. Nevertheless, it remains a fantastic option for its price range, which starts in the low $20,000’s and goes up to the mid $24,000’s depending on trim level.

• MSRP: starts at $20,190

• Horsepower: 147 hp

• Miles per gallon: up to 29 city, 35 highway

4. 2024 Toyota Corolla Hybrid

If you’re looking for a cheap hybrid option, we’ve got you covered there too. Still one of the world’s best-selling cars since its introduction in 1966, the new Corolla gives excellent performance in a cost and energy efficient package.

• MSRP: starts at $23,500

• Horsepower: 96 hp

• Miles per gallon: up to 53 city, 46 highway

5. 2024 Ford Maverick

Thought we forget about pickups? Think again. The 2024 Maverick offers amazing power and comfort at its price point. It might not be as cozy over long distances as some of its peers, but offers plenty of features and 2,000 lbs of towing power to make up for it. And if you want an electric pickup but don’t have the budget for the F-150 Lightning or Rivian R1T, the Maverick even has hybrid options available as well.

• MSRP: starts at $23,920

• Horsepower: 162 hp to 250 hp

• Miles per gallon: up to 42 city, 33 highway