Top 10 Affordable Cars To Buy In 2024
Everyone undoubtedly has particular tastes when it comes to choosing or purchasing new cars. At the moment, new models of vehicles from well-known automakers including Toyota, Mercedes-Benz, Peugeot, Land Rover, Lexus, Hyundai, Honda, Volkswagen, Kia, and Nissan are arriving on the Nigerian market, and, certainly, more new models will still enter the Nigerian automobile market in 2024.
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In this article, we will discuss some of the top alternatives for 2024 cars in the category of affordable vehicles, which have always been a prominent segment of the automotive industry. Cheap, new automobiles will always have a place on the market, whether you just desire a vehicle that takes you from point A to point B or you simply prefer to spend your money elsewhere.
What is affordable in the car industry?
The word affordable might be relative at times as what some count to be affordable might not be to another group. However, when something is affordable, it means that its cost is fair and cheap, and most people have the financial capability to purchase it. A product or service that is reasonably priced (affordable) will fit most people’s budgets.
The term “budget” in this context refers to how much money is set aside by an individual to acquire certain goods or items or pay for a particular service.
In view of the above, we will be looking at 2024 cars that will be averagely within the circle of individual budgets in 2024 vis-à-vis the cost of purchase and cost of maintenance.
What are the Top 10 Affordable Cars In 2024?
There are many brands of cars that will be available in 2024, but not all of them are averagely affordable. Here is the list of the top 10 affordable car brands in 2024.
1 Volkswagen Golf
The first on our list of the top 10 affordable car brands in 2024 is the Volkswagen Golf. The Volkswagen Golf is a great option if you want a brand-new vehicle that is still affordable.
The Volkswagen Golf is such a fantastic combination of power, toughness, elegance, and price.
Volkswagen Golf is a small car made by the Volkswagen brand, which has its headquarters in Germany.
The car’s primary designer, Mr. Giovanni Giugiaro, came up with the term “Golf” by combining the words “Geist” and “Golk.”
Specifications
| Maximum power | 54 – 310ps |
| Fuel Consumption | 12 – 301km/L |
| Drive Type | AWD/FF |
| Engine Capacity | 1,197 – 3,188cc |
| Number of Seats | 4 – 5 |
Price
Brand New: N20 Million – N 30 Million
Foreign Used: N5.8 Million – N6.7 Million
Nigerian Used: N1.4 Million – N2.6 Million
Pros
- It’s Practical and Fuel Efficient
- A High-Quality Interior
- Modern Driver-Assist Technologies
- Two Excellent Transmission Systems
- Cargo Space in a Compact Car
Cons
- The Golf Is Missing All-Wheel Drive
- The Base Engine Lacks Passing Power
2. Mercedes-Benz GLE350e 4Matic
The next on our list of top 10 affordable car brands in 2024 is the Mercedes-Benz GLE350e 4Matic.
The Benz is stylish and cutting-edge, with four different optional powertrains that range from a straightforward turbo inline-four to a twin-turbo V-8.
Depending on your preferences, a monolithic dashboard display offers nearly as much digital space as Times Square. This may be either amazing or bothersome.
The preferred hybrid vehicle is the GLE350e, which does not have a six-cylinder engine despite the numbers following the model name.
The 2.0-liter turbocharged inline-four in the GLE 350 e, which also comes in a turbo diesel version, is coupled to an electric motor and a 31.2 kWh battery. With 330 horsepower and 516 pound-feet of torque, the vehicle has a 50-mile electric-only range.
Specifications
| Body | SUV / TT |
| Fuel Consumption – | 0.9 L/100 Km |
| Fuel Tank Capacity | 65 L |
| Num. of Doors | 5 |
| Economy – Combined WLTP | 261 MPG |
| Drivetrains | AWD |
| Total System Power | 328 HP |
Price
Brand New: N52 Million – N120 Million
Foreign Used: N22.9 Million – N27 Million
Nigerian Used: N18 Million – N32.5 Million
Pros
- Optional Airmatic Air Suspension
- Can Take Families on an Off-Road Excursion
- Base Inline-Four Engine Feels Strong
- Driver Assistance Package Plus
Cons
- Eco Start/Stop Feature Isn’t Always Smooth
- More Expensive Than Some Models
- Questionable Long-Term Reliability
3 Toyota Hilux 6th generation
The Toyota Hilux 6th generation is next on our list of top 10 affordable car brands in 2024.
Compared to all the previous Hilux models available, this sixth-generation Hilux is incredibly elegant.
The Toyota Innovative International Multi-Purpose Vehicle (IMV) is the main design and conceptual inspiration for this vehicle.
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The Toyota Hilux 6th generation was released in September 1997 and produced until 2004. This 6th generation Toyota Hilux is very spacious, as It has an enlarged cabin height and length, greater silence, and equipment and systems appropriate for a multipurpose vehicle.
With its manual gear, this car can do 170 km/h, but with the automatic gearbox, it can go 175 km/h. Additionally, this Hilux Double Cab has room for five (5) people to sit comfortably.
Specifications
| Engine size – Displacement – Engine Capacity | 149.3 cu-in / 2446 cm3 |
| Fuel type | Diesel |
| Fuel System | Indirect Injection |
| Engine type – Number of cylinders | Inline 4 |
| Body | Pick Up |
| Num. of Doors | 4 |
| Fuel Consumption – Economy – Combined | 19 MPG12.6 L/100 Km |
| Fuel Consumption – Economy – Open road | 25 MPG9.6 L/100 Km |
| Fuel Tank Capacity | 17.4 gallons/66 L |
| Maximum power – and horsepower | 89 HP / 90 PS / 66 kW@ 3500 rpm |
| Maximum torque | 166 lb-ft / 226 Nm@ 2200-2500 rpm |
| Drive wheels – Traction – Drivetrain | AWD |
| Transmission Gearbox – Number of speeds | 5 speed Manual |
Price
Brand New: N42 Million – N114 Million
Foreign Used: N32 Million – N53 Million
Nigerian Used: N10 Million – N35 Million
Pros
- Impressive towing capacity
- Powerful engine and steady handling
- It is highly Safe as it has 7 airbags and 3 point seatbelts
- It is highly durable and reliable as it has solid build quality, a robust suspension system, strong frame, and body construction
Cons
- The cost of a Hilux is quite higher than other vehicles of the same segment.
- The pickup truck has a large cargo capacity, which compromises the legroom, especially for the rear seats.
4. Lexus NX Hybrid
The next on our list of top 10 affordable car brands in 2024 is Lexus NX Hybrid
The Lexus NX crossover SUV shares a similar TNGA-K platform as the Toyota RAV4.
The Lexus NX 350h is a basic hybrid with a system output of 240 horsepower. Second, the plug-in hybrid Lexus 450h+ versions are available with 304 horsepower and a 37-mile all-electric driving range.
The Lexus NX features two hybrid engine setups with various power outputs for 2024 also Lexus NX Hybrid has a perfect 5/5 reliability rating.
There is little reason to think that this excellent degree of reliability will deteriorate for the following year, given that the 2024 Lexus NX is essentially a carryover model year.
Specifications
| Engine Type | Hybrid |
| Transmission Continuously variable-speed | Automatic |
| Drive Type | All wheel drive |
| Cylinders | Inline 4 |
| Total Seating | 5 |
| Fuel type | Premium unleaded (recommended) |
| EPA city/highway MPG | 41/37 |
| MPGEPA combined MPG | 39 MPG |
| Fuel tank capacity | 14.5 gal |
| Transmission | Continuously variable-speed automatic |
| Drive Type | All wheel drive |
Price
Brand New: N42 Million – N114 Million
Foreign Used: N18.5 Million – N30 Million
Nigerian Used: N14 Million – N18.3 Million
Pros
- Lexus NX is very roomy and has an attractive cabin
- It also comes with many desirable standard features
- It also has strong fuel economy
Cons
- It has less cargo space than most competitors
- It has dull handling
5. Honda CR-V
The next on our list of top 10 affordable car brands in 2024 Is Honda CR-V. The Honda CR-V is undoubtedly the best option for anyone seeking a stylish SUV at this time.
Honda is a Japanese automaker and has been in production of the Honda CR-V, a small crossover SUV, since 1995. The first CR-V models were constructed on the Civic’s basis.
The Honda CR-V has several standout characteristics, such as outstanding fuel efficiency, incredible dependability, and impressive safety features.
Specifications
| ARAI Mileage | 19.5 kmpl |
| Engine Displacement (cc) | 1597 |
| No. of cylinder | 4 |
| Max Power (bhp@rpm) | 118.3bhp@4000rpm |
| Max Torque (nm@rpm) | 300NM@2000rpm |
| Seating Capacity | 7 |
| TransmissionType | Automatic |
| Boot Space (Litres) | 472 re |
| Fuel Tank Capacity | 57.0 |
| Body Type | SUV |
Price
Brand New: N23 Million – N28.5 Million
Foreign Used: N21 Million – N25 Million
Nigerian Used: N2.9 Million – N6.5 Million
Pros
- The vehicle now includes improved safety features, standard blind spot monitoring, and wider camera and radar fields of view for better identification of people and objects.
- Improved Interior for better comfort
- Straightforward Shifter
- Improved cargo space gives more space for cargo.
Cons
- The brake system is not excellent, the pedal feels mushy and lacks a linear feel
- It has compromised Visibility, especially at the rear windshield
6. Toyota Prius
The next on our list of top 10 affordable car brands in 2024 is another Toyota vehicle, Toyota Prius. Even though Toyota is the most well-known brand in the Nigerian auto industry, it continues to rule the top by releasing some incredible new cars.
Using both an internal combustion engine and an electric motor, the Prius has a hybrid drivetrain. It was first available as a four-door sedan, but since 2003, it has only been made as a five-door liftback.
Many Nigerians have been anticipating the release of the new model from this Japanese company. The wait is over; go purchase a new Toyota Prius and enjoy a taste of Toyota quality.
Specifications
| ARAI Mileage | 26.27 kmpl |
| Fuel Type | Petrol |
| Transmission Type | Automatic |
| Max Power (bhp@rpm) | 96.55bhp@5200rpm |
| Max Torque (nm@rpm) | 142Nm@3600rpm |
| Seating Capacity | 5 |
| No. of cylinder | 4 |
| Engine Displacement (cc) | 1798 |
| Body Type | Hybrid |
| Boot Space (Litres) | 502 |
| Fuel Tank Capacity | 43.0 |
| Ground Clearance Unladen | 135mm |
Price
Foreign Used: N4.8 Million – N5.1 Million
Nigerian Used: N1.7 Million – N3.3 Million
Pros
- The Toyota Prius is a highly cost-efficient Hybrid car, this is the reason why it is the entry point for hybrid/electric shift
- It is excellent when talking about reliability
- Its fuel consumption is top-notch economical
Cons
- The Prius has serious issues when it comes to shock absorption as it’s built for reduced fuel consumption, not shock absorption.
- The rear seats are cramped and not spacious at all
7. The Lexus UX Hybrid
The Lexus UX Hybrid 2024 is the next on our list of top 10 affordable car brands in 2024
The premium brand’s smallest crossover, Lexus UX is a small SUV that previously had a gas-only engine option; however, starting in 2024, it will only be available as a hybrid.
You might be surprised to learn that the 2024 Lexus UX250h, the smallest vehicle produced by Lexus, is classified as an SUV. The UX appears to be just a slightly taller hatchback at first glance.
The diminutive UX, which is more appropriate for single-city inhabitants, is not intended for families. It has enough room for two adults to go long distances, and its fuel-efficient drivetrain creates more possibilities for road trips that are less expensive.
The Lexus UX Hybrid 2024 offers a combined fuel economy rating of 42 MPG and a total system output of 181 horsepower thanks to its 2.0-litre I4 engine and Lexus Hybrid drive technology. The 2024 Lexus UX is not only a fuel-efficient vehicle, but it is also the least expensive one available in the Lexus lineup.
Specifications
| Number of doors | 5 |
| Transmission | Automatic |
| Number of seats | 5 |
| Maximum power – Output – Horsepower | 150 HP / 152 PS / 112 kW@ 6000 rpm |
| Maximum torque | 140 lb-ft / 190 Nm@ 4400 rpm |
| Engine type – Number of cylinders | Inline 4 |
| Fuel type | Hybrid / Petrol |
| Body | SUV / TT |
Price
Brand New: N220 Million – N423 Million
Foreign Used: N26.5 Million – N78 Million
Nigerian Used: N13.7 Million – N22.5 Million
Pros
- Lexus UX250h is highly economical in terms of fuel consumption
- It embarks with a lot of standard technologies
- It has a compact body and this small size makes it easy to drive around town
Cons
- Diving this car you will experience that it has slow acceleration
- It is not spacious especially since the back seat is cramped together
- It also has a very small cargo area
8. Toyota Venza
The next on our list of top 10 affordable car brands in 2024 is the Toyota Venza. The Toyota Venza is categorized as a medium SUV for 2024 ND it is based on the RAV4 Hybrid, a smaller SUV.
This car consequently spans the midsize and compact classes with varying degrees of success. It’s a 5-seat mid-size crossover that comes with a 6-speed automatic transmission and a selection of different engines.
Specifications
| Engine Type | Hybrid |
| Transmission | Continuously variable-speed automatic |
| Drive Type | All wheel drive |
| Cylinders | Inline 4 |
| Total Seating | 5 |
| Fuel type | Regular unleaded |
| EPA city/highway MPG | 40/37 MPG |
| EPA combined MPG | 39 MPG |
| Range in miles (city/hwy) | 580.0/536.5 mi. |
| Fuel tank capacity | 14.5 gal |
Price
Brand New: N55 Million – N58 Million
Foreign Used: N10.5 Million – N15 Million
Nigerian Used: N4.5 Million – N6 Million
Pros
- Its fuel consumption is highly economical
- It has a standard all-wheel drive making negotiation easy and smooth
- It has a Luxury interior that makes it desirous for passengers
- It has a very good shock absorption giving a quiet and comfortable ride outside the city.
Cons
- One of the setbacks of the Toyota Venza 2024 is its small cargo capacity, it doesn’t have enough cargo space.
- Relatively high cost of entry
- It is not suitable for towing as it is designed for luxury purposes
9. Toyota Camry
We also have the Toyota Camry on our list of the top 10 affordable car brands in 2024 There have been several generations of the Toyota Camry sold internationally by the Japanese automaker Toyota since 1982. The Camry has been developed since the 1990s to suit the mid-size category despite its initial tiny size, although the two widths coexisted in that decade.
It is good to note that after the Corolla, the Camry has been lauded by Toyota as the company’s second “world car” since the introduction of the wide-bodied models and it is the most popular new automobile in the Nigerian automotive market.
The Toyota Camry has a beautiful, streamlined exterior and offers excellent comfort in addition to having amazing reliability.
Specifications
| Fuel Type | Petrol Engine |
| Displacement (cc) | 2487 |
| No. of cylinder | 4 |
| Max Power (bhp@rpm) | 175.67bhp@5700rpm |
| Max Torque (nm@rpm) | 221Nm@3600to5200rpm |
| Seating Capacity | 5 |
| Transmission Type | Automatic |
| Fuel Tank Capacity | 50.0 |
| Body Type | Sedan |
Price
Brand New: N55 Million – N58 Million
Foreign Used: N10.5 Million – N15 Million
Nigerian Used: N4.5 Million – N6 Million
Pros
- Excellent Fuel Economy
- The Camry provides a smooth performance with 8-speed automatic transmission
- It has a very good Powertrain Selection
Cons
- Most Camry model’s interior noise
- It has a small truck space
- Most owners do not have an engaging driving experience with Camry.
10. Kia Soul
We also have Kia Soul on our list of top 10 affordable car brands in 2024. This particular hatchback brand has a distinctive design with a stunning appearance.
The Kia Soul is a subcompact car that Kia has been producing and selling since 2008 and has frequently been referred to and marketed as a crossover car since its launch.
If you are considering purchasing a new family automobile, this roomy and potent vehicle is what we think is the best option for you in 2024.
Specifications
| Engine Type | Gas |
| Transmission | Continuously variable-speed automatic |
| Drive Type | Front-wheel drive |
| Total Seating | 5 |
| Cylinders | Inline 4 |
| Fuel type | Regular unleaded |
| EPA combined MPG | 30 MPG |
| EPA city/highway MPG | 28/33 MPG |
| Range in miles (city/hwy) | 400.4/471.9 mi. |
| Fuel tank capacity | 14.3 gal |
Price
Foreign Used: N5.3 Million – N9 Million
Nigerian Used: N2 Million – N5.2 Million
Pros
- The interior storage space is large when the back seats are folded flat.
- There is an excellent view in all directions.
- The Kia Soul’s upright sitting position makes it a very comfortable vehicle to use as a daily driver.
Cons
- The Kia Soul does not have any storage spaces that can be locked
- Every Kia Soul I’ve ever driven seems to be out of date when it comes to infotainment.
Conclusion
Due to the price of some of the new automobiles, you might not completely understand what we mean when we say that anything is “affordable” in the context of this article. Well, we think that you would have already adjusted your budget and be prepared for some of the prices we have given above before you could start looking for brand-new cars.
However, if you notice that almost all of the costs of the cars we’ve listed and covered above are considerably beyond your price range or budget, we suggest you instead think about purchasing a Tokunbo or Nigerian Used automobile.
