10 Most Affordable Cars in Canada in 2023: Bargain Hunters Unite

5th place: 2023 Hyundai Elantra Essential (IVT)    $20,249 + $1,775 in fees

Here, by the way, is proof of the perceived worth of SUVs these days. The Elantra compact sedan is slightly more affordable than the Venue, even though the latter is of a smaller size. Again, the switch from a manual gearbox to an IVT (for Intelligent Variable Transmission) affects the base price of the Elantra Essential for 2023.