2024 Cheapest New Cars on Sale in Australia

It’s a timely reminder that there are still bargains out there in the new car landscape- you’ve just got to know where to look.

With that in mind, let’s take a look at Australia’s cheapest new cars on sale here in 2024, including  hatchbacks to compact SUVs, as well as some practical sedan offerings.

MG MG3

Starting from $18,490*

The MG MG3 is currently Australia’s second cheapest new car on sale in 2024 with exceptional drive-away pricing for the range.

Since its introduction, the MG3 has been positioned to undercut its hatchback rivals while one-upping them on features, and the result is an undeniable value proposition for hatch buyers.

The MG3 is powered by a relatively fuel-efficient four-cylinder engine and receives 15-inch alloys, cruise control, a rear-view camera with parking sensors, LED daytime running lamps and a leather-wrapped steering wheel as standard.

• Engine: 1.5-litre four-cylinder petrol 

• Power & Torque: 82kW/150Nm

• Fuel Economy: 6.7L/100km

• Infotainment Display Size: 8.0-inches 

• Boot Space: 307L 

• ANCAP Safety Rating: Unrated

• Warranty: Seven-year/unlimited-kilometre

Kia Picanto

Starting from $16,290*

The Kia Picanto is currently Australia’s second cheapest new car on sale in 2024.

Thanks to a recent styling overhaul, the Picanto looks sharper than ever, while Kia has given its pint-sized Picanto a massive upgrade in terms of active safety gear that makes it the most cost-effective option for safety-conscious buyers.

Within the range, there’s a choice of manual and automatic variants powered by a 1.2-litre four-cylinder engine that is impressively fuel-efficient and offers super agile handling that makes it a great city car packed with active safety kit.

Bundle that in with Kia’s outstanding seven-year warranty and you’ve got yourself one of the most attractive value propositions for a cheap car in 2024.

• Engine: 1.2-litre four-cylinder petrol 

• Power & Torque: 62kW/122Nm

• Fuel Economy: 5.4 - 6.0L/100km

• Infotainment Display Size: 8.0-inches 

• Boot Space: 255L 

• ANCAP Safety Rating: Unrated 

• Warranty: Seven-year/unlimited-kilometre

Suzuki Ignis

Starting from $21,490*

Suzuki has long been in the business of creating fun and affordable vehicles, and the Ignis is one of the most unique in the company’s lineup.

It’s officially billed as a light SUV, though it casts a shadow far more reminiscent of a hatchback with a tall roofline which is quite a good thing, considering how much space this adds to the Ignis’ interior cabin.

Atop its class-leading practicality, the Ignis range comes powered by a super fuel-efficient four-cylinder engine and remains nice and agile on the road thanks to its narrow footprint that makes for a great urban commuter.

• Engine: 1.2-litre four-cylinder petrol 

• Power & Torque: 66kW/120Nm

• Fuel Economy: 4.7 - 4.9L/100km

• Infotainment Display Size: 7.0-inches 

• Boot Space: 271L 

• ANCAP Safety Rating: Unrated 

• Warranty: Five-year/unlimited-kilometre

Hyundai Venue

Starting from $22,000*

For those in the market for a super cheap compact SUV, the Hyundai Venue is a must-have on your shortlist.

To start, the Venue is larger than your typical small SUV package, which means the second row is usable and there’s a healthy amount of boot space that makes it a viable daily driver for even small families in need of a cut-price package.

Bundle that with Hyundai’s generous approach to features in the base model and you’ll find there’s no need to step higher in the range thanks to a wireless charging pad, cruise control, wireless Apple CarPlay & Android Auto for the 8.0-inch infotainment system.

• Engine: 1.6-litre four-cylinder petrol 

• Power & Torque: 90kW/151Nm

• Fuel Economy: 7.0 - 7.2L/100km

• Infotainment Display Size: 8.0-inches 

• Boot Space: 355L 

• ANCAP Safety Rating: Four-star  

• Warranty: Five-year/unlimited-kilometre

Kia Stonic

Starting from $22,290*

Kia’s baby of the SUV range is a great option if you’re after a simple, affordable no-frills package.

The Stonic is a great runaround in the urban jungle and an even better first-car offering thanks to its choice of two engines, the latter of which fitted to the GT-Line produces a decent amount of power and returns fuel economy figures of just 5.4L/100km.

Inside there’s a healthy amount of space for a small SUV package, a 352L boot and a features list in the base model that includes cruise control, a rear-view camera with parking sensors and an infotainment system with wireless Apple CarPlay & Android Auto in the base model.

• Engine: 1.4-litre four-cylinder petrol 

• Power & Torque: 74kW/133Nm

• Fuel Economy: 6.7L/100km

• Infotainment Display Size: 8.0-inches 

• Boot Space: 352L 

• ANCAP Safety Rating: Five-star  

• Warranty: Seven-year/unlimited-kilometre

Kia Rio

Starting from $19,690*

While Kia has signalled the end of the line for the Kia Rio, it remains a great option for buyers looking for a cheap, well-equipped and reasonably practical hatchback.

The range comes powered by a pair of four-cylinder engines that return impressive fuel economy figures between 5.3 - 6.0L/100km, while the driving experience itself is remarkably user-friendly and zippy around town.

Inside there’s a reasonable amount of space that allows you to utilise the second row, combined with 325L of boot space, a generous equipment list that includes wireless Apple CarPlay & Android Auto, as well as Kia’s class-leading seven-year/unlimited-kilometre warranty.

• Engine: 1.4-litre four-cylinder petrol 

• Power & Torque: 74kW/133Nm

• Fuel Economy: 5.3 - 6.0L/100km

• Infotainment Display Size: 8.0-inches 

• Boot Space: 325L 

• ANCAP Safety Rating: Five-star  

• Warranty: Seven-year/unlimited-kilometre

Mazda 2

Starting from $21,510*

The Mazda 2 is one of the most iconic names in the world of affordable motoring, and the latest range marks one of the best releases in the small car segment, available in both hatchback and a more practical sedan bodyshape.

Under the microscope, the Mazda 2 is an incredibly strong performer, retaining all the user-friendly touches that buyers demand from an urban-focused package while offering a super agile platform that is a pleasure to drive.

Combine that with the Mazda 2’s super fuel-efficient engine and the company’s outstanding interior designs that make even the base model feel like a more premium package than its rivals and you’ve got a must-have on any affordable small car shortlist.

• Engine: 1.5-litre four-cylinder petrol 

• Power & Torque: 81kW/142Nm

• Fuel Economy: 5.0 - 5.4L/100km

• Infotainment Display Size: 7.0-inches 

• Boot Space: 250 - 440L 

• ANCAP Safety Rating: Expired five-star rating 

• Warranty: Five-year/unlimited-kilometre

Suzuki Swift

Starting from $22,490*

The Suzuki Swift really lives up to the adage that good things come in small packages.

Suzuki’s recipe for the Swift is simple, but super effective in its execution, offering a small car package that is more practical than you’d imagine, a heap of fun to drive, super fuel-efficient and well-equipped, even in the base model.

There’s a tonne of variety within the latest Swift range, with a choice of three engines appealing to those simply looking for an A-to-B car and buyers looking for some excitement, alike, while its on-road manners and small package makes for an exceptional city car.

• Engine: 1.2-litre four-cylinder petrol 

• Power & Torque: 66kW/120Nm

• Fuel Economy: 4.6 - 4.8L/100km

• Infotainment Display Size: 7.0-inches 

• Boot Space: 242L 

• ANCAP Safety Rating: Five-star  

• Warranty: Five-year/unlimited-kilometre

MG ZS

Starting from $22,990*

While prices have risen in recent years, the MG ZS remains one of the most affordable compact SUVs on sale in Australia in 2024.

While it doesn’t blow any of its competitors away in terms of the driving experience or in-cabin practicality, it’s hard to argue with MG’s extremely generous approach to features in their base model and the long warranty coverage that gives buyers peace of mind.

As standard, the MG ZS receives 17-inch alloys, LED daytime running lamps, cruise control, cloth upholstery with a leather-wrapped steering wheel and an 8.0-inch infotainment system with Apple CarPlay and a six-speaker sound system.

• Engine: 1.5-litre four-cylinder petrol 

• Power & Torque: 84kW/150Nm

• Fuel Economy: 6.9 - 7.1L/100km

• Infotainment Display Size: 8.0-inches 

• Boot Space: 359L 

• ANCAP Safety Rating: Four-star  

• Warranty: Seven-year/unlimited-kilometre

Mitsubishi ASX

Starting from $23,990*

There’s a reason why Mitsubishi has stuck by its ASX compact SUV platform for so long - it’s a very impressive package when you consider the company’s affordable price tags.

Around town, the ASX is well-mannered and makes for a comfortable daily driver, while its generous interior proportions mean it’s one of the most practical members of the small SUV segment.

Combine that with a large boot and Mitsubishi’s warranty terms that extend out to ten years when you keep it serviced within the network and the ASX remains a super impressive small SUV value package.

• Engine: 2.0-litre four-cylinder petrol 

• Power & Torque: 110kW/197Nm

• Fuel Economy: 7.6 7.7L/100km

• Infotainment Display Size: 8.0-inches 

• Boot Space: 393L 

• ANCAP Safety Rating: Unrated  

• Warranty: Five-year/100,000km; extends to ten-year/200,000km

MG MG 5

Starting from $24,990*

MG’s introduction of the MG 5 marks one of Australia’s cheapest sedan packages you can get behind the wheel of in 2024.

The lineup is offered in two main variants that offer impressive fuel economy figures, a decent amount of interior space and a healthy 401L of boot space that makes it a suitable option for growing families.

For the price, the entry-level MG 5 Vibe comes packed with a heap of equipment that includes 16-inch alloys, LED headlights, cruise control, a rear-view camera with parking sensors and a massive 10-inch infotainment display that makes it hard to ignore in the world of cheap sedans.

• Engine: 1.5-litre four-cylinder petrol 

• Power & Torque: 84kW/150Nm

• Fuel Economy: 5.7L/100km

• Infotainment Display Size: 10-inches 

• Boot Space: 401L 

• ANCAP Safety Rating: Unrated

• Warranty: Five-year/unlimited-kilometre

Toyota Yaris

Starting from $24,800*

Our list wraps up with one of the icons of affordable motoring here in Australia, the latest Toyota Yaris.

For what it lacks in outright size, the Toyota Yaris range makes up for with charm thanks to its user-friendly and comfortable urban driving experience and exceptional fuel economy that is buoyed by the option of two hybrids within the range.

Opt for the regular Yaris and you’ll see fuel economy figures of 4.9L/100km on the dashboard, making it one of the most fuel-efficient vehicles in the segment, while Toyota’s hybrid know-how chops these already impressive figures to just 3.3L/100km.

• Engine: 1.5-litre three-cylinder petrol 

• Power & Torque: 88kW/145Nm

• Fuel Economy: 4.9L/100km

• Infotainment Display Size: 7.0-inches 

• Boot Space: 270L 

• ANCAP Safety Rating: Five-star  

• Warranty: Five-year/unlimited-kilometre

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If you’re looking at your best options for an affordable new car, be sure to reach out to one of our car-buying experts who can help find you the best possible price.

* Prices accurate at time of writing.