Here Are The TEN 2024 Cheapest New Cars You Can Buy Right Now

• You can get a brand-new car at a much cheaper price compared to most used vehicles.
• While used vehicles have become rampant in Nigeria, we have selected new cars that are very cheap to purchase in the country.
• These vehicles range from Corolla models to Camry, Kia vehicles, Nissan, and many others which are great options for Nigerian buyers.

We understand how expensive car purchases have become for many Nigerians, making many moves towards buying used cars as against brand new vehicles. Well, it all depends on the type of vehicle you’re going after. There are long-list of cars you can purchase new today in Nigeria at an affordable rate.

We have provided a comprehensive list of the top 10 vehicles that made it to this list. Note that this list is not an exhaustive list of the cheapest brand-new vehicles. However, they comprise brand-new cheap cars that are popularly driven in Nigeria.

Without wasting much time, here’s a breakdown of the top 10 cheapest brand-new vehicles to buy in Nigeria in 2024.

1. The 2023 Kia Rio

For 2023, the Kia Rio enters with many similarities to the 2022 model. It is still one of the cheapest vehicles in the Nigerian car market, and it’s sold between N10 to N15 million depending on your preferred trim level. Under the hood is a 120-horsepower, 1.6-litre four-cylinder engine and standard CVT for a generous combined fuel economy rating of 36 mpg. 

An 8-inch touchscreen multimedia display with a rear camera and wireless Android Auto and Apple CarPlay come standard across the lineup; unfortunately, automatic emergency braking is unavailable until you move up to Rio’s higher trim, the S.

2. The 2023 Kia Forte

Another affordable new Kia vehicle after the Rio is the Forte. The base trim of the Forte 2023 ranges between N10 to N15 million as well. The Kia Forte’s base LX model (formerly called the FE) returns for 2023 with no changes aside from the new name. The most affordable trim is powered by a 2.0-litre four-cylinder and mated to a CVT. 

The compact sedan offers a commuter-friendly 34 mpg combined and is loaded with standard features such as a large 8-inch touchscreen, Android Auto and Apple CarPlay, and automatic emergency braking. Although the Forte is a good value for a daily driver, shoppers looking for plentiful cargo space won’t find it in this sedan’s small trunk.

3. The 2023 Kia Soul

Another brand new cheap Kia car to check out is the 2023 Soul. The price of this vehicle ranges from N10 to N15 million as well. Kia’s quirky, utilitarian Soul hatchback sees a handful of changes for 2023, including an updated front and rear end, new 17- or 18-inch alloy wheels, and a suite of standard safety and driver-assist features like automatic emergency braking, lane departure steering assist, driver attention warning, lane departure warning, and a rear occupant alert. 

Power for all models comes from a 2.0-litre four-cylinder engine paired with a CVT. The LX trim gets an 8-inch touchscreen display (other models get a 10.25-inch touchscreen) with standard Apple CarPlay and Android Auto.

4. The 2023 Hyundai Elantra

Car shoppers in Nigeria who are on a tight budget will be happy to learn that Hyundai completely redesigned the Elantra for the 2021 model year with a more refined powertrain and a larger interior, and the 2023 model returns largely untouched. The current price of the 2023 Elantra in Nigeria is between N18 to N23 million.

The Elantra is available only as a sedan, and the most affordable SE trim is powered by a 2.0-litre four-cylinder engine with a capable CVT. The Elantra gets an impressive 37 mpg that makes it as budget-friendly to own as it is to buy, and standard features include wireless Apple CarPlay, Android Auto, automatic emergency braking with pedestrian detection, a blind spot warning system, and lane-centering steering. Shoppers who can overlook the sedan’s low-rent interior will appreciate the Elantra’s value.

5. 2023 Mitsubishi Mirage ES

Also on the list of most affordable cars is the Mirage, a subcompact hatchback with seating for up to five. The current price of this vehicle in Nigeria is between N15 to N19 million. The combination of a tiny 1.2-litre three-cylinder engine and optional continuously variable automatic transmission delivers impressive EPA-estimated gas mileage of 39 mpg combined, but it comes at the expense of performance; the Mirage is slow. That said, we thought it was reasonably fun to drive when we last reviewed it.

In 2021, the Mirage got a refreshed face and revised rear bumper, an updated interior with new soft-touch materials, a new standard 7-inch touchscreen, and standard safety features including automatic emergency braking with pedestrian detection across all trims.

6. The 2024 Volkswagen Jetta

The 2024 Volkswagen Jetta remains steadfast as one of the best affordable compact sedans sold today and has a price range of N20 to N25 million in Nigeria. The vehicle comes with features that include heated power exterior mirrors, cloth upholstery, and a smattering of safety features including forward Collision Warning and Autonomous Emergency Braking, which are standard in the base S, and a host of excellent infotainment offerings and upgrades are available. 

Excellent fuel economy is standard. A turbocharged 1.5-litre four-cylinder making 158 horsepower and 184 pound-feet of torque powers every Jetta. The base S has a six-speed manual transmission as standard, but an eight-speed automatic is optional.  The Jetta provides a satisfying amount of front passenger head, shoulder, and legroom. The design is contemporary, and although the feature content increases with each higher trim, every cabin caters to the driver and boasts excellent outward visibility.

7. The 2024 Mazda 3

Inside the 2024 Mazda 3, you’ll realize that the interiors of the top trims are appointed in stylish materials that convey a sense of quality that competitors like the Honda Civic and Hyundai Elantra can’t match. Not only that, this latest edition vehicle in Nigeria can be gotten with N30 million in Nigeria today. It’s very rare to spot the latest model vehicle with that price range in Nigeria. 

The 2024 Mazda 3 engine offers front-wheel drive and all-wheel drive. A 250-hp turbocharged 2.5-litre is available but only on the most expensive Turbo trims. Buyers can get a six-speed manual if they stick with front-wheel drive. Mazda thoughtfully designed the 3’s cabin with premium materials. Buyers can outfit either body style with a slew of desirable features, but the best ones are tied into the trim-level hierarchy.

8. The 2024 Nissan Sentra

The 2024 Nissan Sentra is one of the cheapest new cars sold today, and its suite of driver-assistance tech includes automated emergency braking and rear-cross-traffic alert. The price range of this vehicle in Nigeria is between N20 to N25 million. 

Every Sentra 2024 trim is front-wheel drive and comes with a 149-hp four-cylinder engine bolted to a continuously variable automatic transmission. Every Sentra is powered by a 149-hp 2.0-litre four-cylinder engine that pairs with a continuously variable automatic transmission (CVT) and front-wheel drive. The EPA of the 2024 Sentra’s fuel economy is not yet out, but its modest powertrain updates are said to improve compared to the 2023 model. 

The 2023 Sentra earned up to 29 mpg in the city and 39 mpg on the highway. Inside, the Sentra has one of the prettier designs in this segment. The centre of the dashboard hosts a trio of circular air vents above sturdy climate controls. The interior materials are a mix of soft and hard plastics, but the former cover the surfaces that count and help mask the rest. 

9. The 2020 Toyota Corolla

With its long history of providing affordable transportation, the 2020 Corolla has always been a great choice for savvy buyers, and with the 2020 model, you’ll get a lot for a price range of N24 million in Nigeria. 

The 2020 Toyota Corolla comes with flashier styling inside and out, more desirable features, and an improved driving experience. Available as a hatchback or sedan, the Corolla has more character than before but falls short of replacing the segment’s most sought-after. Except for the sportier SE and XSE models, the Corolla sedan uses a 139-hp 1.8-litre four-cylinder that sends power to the front wheels through a continuously variable automatic transmission (CVT). 

The SE and XSE versions have a 169-hp 2.0-liter four-cylinder that pairs with a CVT or optional six-speed manual. While all hatchbacks have a larger engine, only the sedan offers a hybrid powertrain. Inside, the Corolla hatchback and sedan share a streamlined dashboard and soft-touch materials. Most models have passive entry and push-button start. 

Others can also be upgraded with ambient interior lighting, dual-zone climate control, and heated front seats. Those who regularly have back-seat passengers should consider the sedan over the hatchback since it has considerably more legroom behind the front seats.

10. The 2020 Toyota Camry

The 2020 Toyota Camry is in the family-sedan segment and a bigger brother of the Corolla. It also falls into this category as you’ll find the brand new models of the 2020 Camry in Nigeria in 2024 for a price range of N28 to N32 million. 

Its three powertrain options cover a diversified range: there’s a fuel-efficient four-cylinder, a potent V-6, and an eco-friendly hybrid. The exterior is complemented by a unique aerodynamic body kit, and the interior is dressed in red to complete the look. The standard four-cylinder engine pairs with a silky eight-speed automatic, but its acceleration numbers are disappointing. 

A less powerful version of the engine works with a battery and two electric motors to power the Camry hybrid, which is no more exciting to drive than the base powertrain. 

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The real gem of this lineup is the XLE and XSE models that use a V6 engine and produce 301 horsepower. The Camry is a large sedan, and there’s plenty of cargo space and interior storage in both its trunk and its cabin with the rear seat folded of course, getting a brand new version of the 2020 model for N28 to N32 million is a steal in Nigeria.

Conclusion

There are tons of brand-new cheap vehicles to purchase. However, these top 10 vehicles are some of the ones you’ll readily find in the Nigerian car market today at an affordable rate. We recommend any of them if you are on a tight budget but want a brand-new vehicle of your own.