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If you’re buying a new car, chances are you want the win-win of finding a reliable vehicle that goes easy on your budget. (As a basic financing guideline pro tip, remember that car expenses should not exceed more than 10% of your monthly income.)
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To help you shop, GOBankingRates reviewed various affordability reports and rankings vetted by leading industry auto outlets and pulled six vehicles all priced under $25,000 for your consideration. Ranked from least to most expensive, see which six new cars are the most affordable for the average American.
Mitsubishi Mirage
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Starting price: $18,015
Taking first place in this roundup is the 2024 Mitsubishi Mirage, which Car and Driver quoted at a starting price of $18,015. The Mirage also landed in second place in Kelley Blue Book’s ranking of the cheapest new cars of 2024-2025.
Affordability aside, the Mitsubishi Mirage is available to shop both as a hatchback and sedan and boasts an excellent fuel economy. And while the biggest critique is that the Mirage is a bit slower than other vehicles, it has been described as ideal for city residents thanks to the vehicle’s size and efficiency.
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Kia Forte
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Starting price: $21,145
The 2024 Kia Forte took third place in KBB’s cheapest new cars ranking for this year.
Like the Mitsubishi Mirage, the Kia Forte may not inspire instant envy from other drivers but it’s a great value for the price especially when it comes to its interior. There’s plenty of cabin room inside the Kia Forte and it looks stylish, too.
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Nissan Sentra
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Starting price: $21,725
There’s a lot of pros in favor of shopping for the Nissan Sentra, including a spacious cabin, comfortable seating, solid fuel economy and a bevy of safety features.
What we personally enjoy is that the Nissan Sentra has a reasonable price tag for its 2024 and 2025 models. The $21,725 price quoted above is for the 2024 model while the starting price for the 2025 model is $22,730.
Hyundai Elantra
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Starting price: $22,775
The 2024 Hyundai Elantra is well worth the value as a compact sedan. It has even been noted by Car and Driver as an excellent vehicle to buy if you’re a first-time driver.
Buyers get to benefit from its inexpensive pricing and the vehicle’s overall fuel efficiency, sleek exterior and roomy interior.