Finding a brand new car in Canada for under twenty five thousand dollars is becoming a rarity. Rising production costs and the market’s push toward crossovers have made small, affordable cars harder to find. Still, there are a dozen models that manage to stay on the lower end of the price spectrum. These cars may not be flashy, but they provide value, reliability, and the essentials that Canadians need to get around. Here are twelve of the cheapest cars you can buy in Canada today, with approximate base prices.
Nissan Versa
The Nissan Versa holds the crown as the least expensive new car in Canada. Powered by a 1.6 litre four cylinder engine with 122 horsepower, it offers simple but modern transportation. Its interior is plain but functional, and safety features like automatic emergency braking come standard. For drivers who just need a dependable commuter, the Versa is a smart entry level choice. Base price is around $20,800 CAD.
Mitsubishi Mirage
The Mitsubishi Mirage is about as close as you can get to true bargain basement new car pricing today. With its three cylinder engine producing modest power, it is not fast, but it is extremely efficient and easy to park in tight city spaces. It may feel basic on the highway, but it is cheap to run and comes with a lengthy warranty for peace of mind. Starting price is roughly $16,998 CAD, making it the least expensive new car on the market.
Hyundai Elantra
The Hyundai Elantra is a step up from tiny subcompacts and offers more space, features, and refinement. The base models keep costs down but still include conveniences like a touchscreen and solid safety systems. Its 2.0 litre four cylinder provides decent performance while keeping fuel economy in check. With a starting price around $22,600 CAD, it balances affordability with a little more substance.
Nissan Sentra
The Nissan Sentra delivers comfort and practicality at a price that keeps it among the most affordable compacts in Canada. Its cabin feels more upscale than its entry price suggests, and its size makes it a great option for families on a budget. The Sentra starts around $23,900 CAD, giving buyers a reliable sedan with good space and solid features without breaking the bank.
Toyota Corolla
The Toyota Corolla may not be the cheapest on paper, but its reputation for bulletproof reliability and strong resale value make it one of the most cost effective cars you can buy. Even in base trim, it offers a solid list of standard safety features, good fuel economy, and the reassurance that it will likely outlast most rivals. The base Corolla comes in at about $23,970 CAD.
Kia Forte
The Kia Forte is one of the sharpest looking cars in the budget segment. With a roomy interior and plenty of standard features, it feels more upscale than its price tag suggests. The base model focuses on keeping things affordable but still provides comfort and modern tech. Its starting price is approximately $23,670 CAD, making it one of the most appealing bargains in Canada.
Chevrolet Malibu
The Chevrolet Malibu is a midsize sedan that manages to keep its entry price surprisingly low for its size. While larger than the typical compact sedans on this list, it remains one of the least expensive midsize vehicles Canadians can buy. For those needing more passenger room and comfort without stretching the budget, the Malibu is a smart pick. The base model is priced from around $25,000 CAD.
Hyundai Venue
The Hyundai Venue is a small crossover that sneaks into the affordable bracket. With a tall stance, efficient engine, and compact footprint, it appeals to city dwellers who want SUV looks without SUV pricing. While it is basic compared to larger crossovers, it delivers excellent value for money. The base price sits near $21,300 CAD.
Kia Soul
The Kia Soul stands out with its distinctive boxy shape, which translates into excellent interior space for passengers and cargo. Its quirky styling may not be for everyone, but it delivers practicality at a budget friendly price. The Soul starts from around $25,530 CAD, still making it one of the more affordable new vehicles available today.
Subaru Impreza
The Subaru Impreza earns its spot by being one of the cheapest new cars in Canada with standard all wheel drive, something invaluable in harsh winters. It offers dependable handling in snow, good safety scores, and a practical design. The Impreza starts at roughly $23,295 CAD, a price that makes it stand out in its segment.
Volkswagen Jetta
The Volkswagen Jetta remains a solid choice for buyers who want German engineering at a budget friendly price. With a spacious cabin and comfortable ride, it feels more premium than many rivals without breaking into higher price territory. Its base models are simple but well built. The Jetta starts around $24,600 CAD, keeping it competitive among affordable sedans.
Honda Civic
The Honda Civic is one of Canada’s best selling cars and still manages to be relatively affordable in its base form. With a reputation for reliability, great resale value, and fun to drive dynamics, it offers far more than its entry price suggests. The Civic sedan starts at about $26,000 CAD, putting it slightly above some rivals but still within reach for budget conscious buyers.
Why These Cars Are Still Worth Buying
While trucks and SUVs dominate Canadian sales, these cars prove that affordable new vehicles still exist. They may not offer the power or luxury of pricier options, but they deliver dependable transportation at a price point that makes sense for first time buyers, students, and anyone on a tight budget. In a market where new car prices continue to climb, these twelve models are the best hope for Canadians who want a brand new set of wheels without emptying their bank account.
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