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Canada's 10 Most Affordable Cars of 2024

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William Clavey
Inflation has taken its toll, yes, but bargains still exist

Inflation, rising interest rates and the loss of jobs for many hard-working Canadians are making it harder for the middle class to afford a new car. In 2024, it's hard to walk out of a dealership having paid less than $30,000. In 2023, our list included three models selling for less than $20,000. This year, only one remains. 

Another discouraging finding: the amounts paid by consumers are also on the rise. Attached to the Mitsubishi Mirage in 2023 were $1,575 in additional costs, for example. This year? $2,474.

There's still hope, however, as some manufacturers continue to offer interesting and affordable models. All it takes is a little digging to find a few rare gems. Here's a list of the 10 most affordable vehicles in Canada in 2024.

*Note that the images included here could be of trims other than the base model.*

10th position: 2024 Mitsubishi RVR ES AWC: $26,598 + $2,672 in fees

Specifications sheet of 2024 Mitsubishi RVR ES FWD 

Specifications sheet of 2024 Mitsubishi RVR ES AWC

Mitsubishi RVR
Mitsubishi RVR
Photo: Mitsubishi

While it's true that the front-wheel-drive Mitsubishi RVR costs less than the one equipped with all-wheel drive ($24,598 + $2,672 in fees), it's no less impressive to be able to get your hands on a four-wheel-drive SUV for less than $30,000. 

Indeed, the RVR isn't very sophisticated, but its pleasant size and efficient powertrain make it an excellent product for tackling Canadian winters. Its engine is reliable and its all-wheel-drive system well thought out. 

All this, plus a 10-year, 160,000 km warranty. That makes the Mitsubishi RVR an unmissable bargain!

Mitsubishi RVR, front
Mitsubishi RVR, front
Photo: Mitsubishi
Interior of Mitsubishi RVR
Interior of Mitsubishi RVR
Photo: Mitsubishi
William Clavey
William Clavey
Automotive expert