Finding the Best Value: A Guide to the Most Affordable SUVs 2024
The 2024 model year offers a wide selection of redesigned subcompact SUVs, many appealing to budget-minded buyers. This abundance of choices, however, makes it difficult to identify true value. This guide analyzes the most affordable SUVs 2024, differentiating strong contenders from less impressive options. We’ll examine key factors such as fuel economy, safety ratings, and available technology for the cheapest new SUVs. Comparisons across various sub-segments will help you make an informed purchase decision based on your specific needs.
Top 5 Most Affordable SUVs 2024
This section reviews the five most affordable subcompact SUVs, ideal for city driving and those prioritizing fuel efficiency and maneuverability. We’ll compare starting MSRPs, engine performance, fuel economy, safety features, and standard tech offerings.
Hyundai Venue: The Budget King
With a starting MSRP of $19,900 (as of October 26, 2023), the Hyundai Venue claims the title of most affordable SUV for 2024. This least expensive SUV offers a 1.6-liter four-cylinder engine producing 121 horsepower, achieving an EPA-estimated 31 mpg combined. While the Venue may not deliver an exhilarating driving experience, it compensates with an impressive list of standard features, including an 8-inch infotainment touchscreen, wireless smartphone integration, and a suite of advanced safety technologies like automatic emergency braking and lane-keeping assist. It’s a solid choice for anyone searching for the cheapest small SUV 2024.
Kia Soul: Stylish and Spacious
The Kia Soul continues to impress with its unique design and spacious interior, starting at $20,190. Powered by a 2.0-liter four-cylinder engine generating 147 horsepower, the Soul provides a harmonious blend of practicality and flair. Its quirky aesthetics are matched by generous standard equipment, such as a digital instrument cluster, an 8-inch touchscreen infotainment system, and blind-spot monitoring. If you’re looking for one of the best affordable SUVs 2024, the Soul should be on your radar.
Chevrolet Trax: Redesigned and Ready
Chevrolet’s redesigned Trax subcompact SUV comes with a starting price of $20,400, making it an enticing option for those in search of a modern and affordable ride. The Trax features a 1.2-liter turbocharged three-cylinder engine that delivers 137 horsepower and an EPA-estimated 29 mpg in the city. The revamped interior boasts improved materials, a standard 8-inch infotainment display, and available driver assistance technologies like forward collision warning and lane departure warning, enhancing the Trax’s overall appeal as a best cheap SUV 2024. 
Nissan Kicks: City-Friendly Commuter
With a starting MSRP of $21,340, the Nissan Kicks shines as a practical and budget-friendly subcompact SUV, particularly for urban dwellers. It is powered by a 1.6-liter four-cylinder engine with 122 horsepower, achieving an EPA-estimated 33 mpg combined. Standard features include a 7-inch infotainment system, wireless smartphone connectivity, and a suite of advanced safety technologies such as automatic emergency braking with pedestrian detection, making it a well-equipped choice among the cheapest new SUVs 2024.
Mitsubishi Outlander Sport: Value with AWD
Standing out in the subcompact SUV segment, the Mitsubishi Outlander Sport offers standard all-wheel drive at a starting price of $23,695. While it may not be the most modern option, it delivers a rugged driving experience thanks to its 2.0-liter four-cylinder engine and available 2.4-liter upgrade. The Outlander Sport also features IIHS Top Safety Pick+ rating, providing peace of mind for budget-conscious buyers seeking all-weather versatility on a budget.
Affordable SUVs: $25,000 – $30,000
As we explore slightly more expensive but still budget-friendly SUVs, the 2024 market presents several compelling options that strike a balance between affordability and feature-rich offerings.
Subaru Crosstrek: All-Wheel Drive Adventure
Starting at $25,195, the Subaru Crosstrek has long been a favorite among budget-conscious adventure seekers. Equipped with a 2.0-liter four-cylinder engine producing 152 horsepower, it comes standard with Subaru’s renowned symmetrical all-wheel-drive system, making it a capable companion on and off the beaten path. Its impressive safety ratings, including an IIHS Top Safety Pick, further solidify its appeal among the best affordable SUVs 2024. The Crosstrek also offers available driver assistance technologies like adaptive cruise control and lane-keeping assist. 
Mazda CX-30: Stylish and Powerful
The Mazda CX-30 is priced from $24,995 and stands out in the affordable SUV segment with its sleek design and available turbocharged engine. The base model features a 2.5-liter four-cylinder engine producing 191 horsepower, delivering a spirited driving experience. Complementing its stylish exterior is a premium-quality interior, elevating the CX-30 above its more basic competitors, making it one of the best cheap SUVs 2024. It also boasts a 5-star safety rating from NHTSA and a suite of advanced safety features. 
Honda HR-V: Reliable and Refined
With a starting MSRP of $24,600, the Honda HR-V is a subcompact SUV known for its reliability and refinement. Powered by a 2.0-liter four-cylinder engine with 158 horsepower, the HR-V provides a comfortable and composed ride. It also features a range of standard driver assistance technologies, including adaptive cruise control, lane-keeping assist, and traffic sign recognition, making it a top contender in the cheapest new SUV 2024 category. The HR-V has earned an IIHS Top Safety Pick+ award for its exceptional safety performance. 
Kia Seltos: Sporty and Feature-Packed
Kia’s Seltos brings a sporty flair to the affordable SUV segment, starting at $24,490. It offers a choice between a 2.0-liter four-cylinder engine and a more powerful 1.6-liter turbocharged option, delivering a lively driving experience. With a well-appointed interior featuring premium materials, a 10.25-inch touchscreen infotainment system, and a comprehensive suite of driver assistance technologies, the Seltos is a compelling option among the best affordable SUVs 2024. It has also earned a 5-star overall safety rating from NHTSA. 
Factors to Consider When Buying an Affordable SUV
When searching for the most affordable SUVs 2024, it’s crucial to consider factors beyond just the sticker price. Here are some key considerations to keep in mind:
Fuel Efficiency and Running Costs
Maximizing fuel efficiency is essential for budget-conscious buyers, as it can significantly impact long-term operating costs. Look for models achieving 25-35 mpg combined to strike a balance between performance and fuel economy. Additionally, factor in insurance premiums, maintenance, and repair costs when evaluating the overall cost of ownership. While traditional gasoline-powered SUVs remain the most affordable option, the increasing popularity of hybrid and electric models in the budget segment, such as the Toyota Corolla Cross Hybrid and Kia Niro, could provide even greater long-term savings despite their higher initial purchase price.
Safety Features and Ratings
Safety should be a top priority when purchasing any vehicle, especially an SUV that will transport your loved ones. Research safety ratings and available driver assistance technologies, such as automatic emergency braking with pedestrian detection, lane-keeping assist, and blind-spot monitoring, to ensure your affordable SUV provides peace of mind on the road. Refer to specific IIHS and NHTSA ratings to make an informed decision.
Space and Practicality
Consider your cargo and passenger needs to find an SUV that offers sufficient space and flexibility. Measure the cargo volume and seating capacity to ensure the model you choose can accommodate your lifestyle requirements, whether ferrying a growing family or hauling bulky items.
Warranty and Reliability
Prioritize brands with a reputation for reliability and generous warranty coverage. Consult industry reports and consumer reviews to better understand the long-term ownership experience and potential maintenance costs associated with different affordable SUV models.
Maximizing Value Beyond the Price Tag
While the sticker price is undoubtedly a crucial factor, several elements contribute to the overall value of an affordable SUV.
Features and Technology
Carefully evaluate the standard and available features, including the infotainment system, driver assistance technologies, and connectivity options. Prioritize the essentials and look for models that provide the best bang for your buck, especially among the cheapest new SUVs 2024.
Resale Value
Factor in the vehicle’s depreciation rate when assessing long-term value. Research the expected resale values of different affordable SUV models to understand the true cost of ownership and potentially mitigate financial loss when it’s time to sell or trade in.
Test Driving and Making Your Decision
While online research is invaluable, nothing compares to the experience of test-driving a potential SUV. Take the time to evaluate the vehicle’s handling, comfort, and overall fit for your needs. Create a checklist of your priorities to make an informed decision that aligns with your budget and lifestyle.
Financing and Leasing Options
Explore various financing and leasing options to determine the most cost-effective path for your affordable SUV purchase. Compare interest rates, down payment requirements, and monthly payments to find the solution that best suits your financial situation.
Frequently Asked Questions
Q: What are the best fuel-efficient affordable SUVs?
A: Several models, like the Hyundai Venue, Nissan Kicks, and Honda HR-V, offer excellent fuel economy, typically exceeding 30 MPG combined. Specific figures vary by trim and engine.
Q: Which affordable SUVs offer all-wheel drive?
A: The Subaru Crosstrek and Mitsubishi Outlander Sport provide standard all-wheel drive, while others offer it as an option. All-wheel drive enhances traction and stability, especially in adverse weather conditions.
Q: How important are safety ratings for affordable SUVs?
A: Safety ratings are paramount. Check IIHS and NHTSA ratings before purchasing any vehicle. Higher ratings indicate a lower risk of injury in accidents.
Q: What are the common maintenance costs for affordable SUVs?
A: Maintenance costs vary by model and usage. Regular servicing, including oil changes and tire rotations, are essential. Refer to the owner’s manual for recommended maintenance schedules.
Q: Where can I find reliable reviews and comparisons?
A: Reputable automotive websites like Edmunds, Kelley Blue Book, and Consumer Reports provide detailed reviews, comparisons, and reliability data for various SUV models.
Conclusion
Choosing the most affordable SUVs 2024 requires careful consideration of various factors beyond just the sticker price. By prioritizing fuel efficiency, safety, practicality, and long-term value, you can find a vehicle that meets your needs without breaking the bank. Start your research today using the information provided in this guide, and discover the perfect affordable SUV to fit your lifestyle. Remember to test-drive several models before making your final decision!