Only 2 New 2023 SUVs Cost Under $20,000 — Both South Korean With inflation, most things are becoming more expensive these days, including cars. It is one of the most expensive types of cars. However, there are still some SUVs that you can buy, especially for the small crossover SUV segment. As for the cheapest cars, there are only two new 2023 SUVs that cost less than $20,000. Both are South Korean automakers: Hyundai Venue 2023 and Kia Soul 2023.
Only 2 New 2023 SUVs Cost Under $20,000 — Both South Korean
Hyundai Venue 2023 is the cheapest new SUV available
The South Korean automaker Hyundai is the parent company of Kia, and it offers the most affordable SUV. Priced at $19,500 for MSRP, the 2023 Venue Sub-model is the cheapest new 2023 SUV available in the United States. Despite its low price, the Venue is not a low-end car. It offers agile control, has an easy-to-use infotainment system, and offers many standard safety and driving assistance features.
Backed by a basic 5-year/60,000-mile warranty and a 10-year/100,000-mile powertrain warranty. Plus, the site has a free maintenance plan, with coverage for three years or 36,000 miles. However, the drawback of the Venue is that it does not offer an all-wheel drive system.
Kia Soul 2023 is an affordable SUV priced under $20,000
Another new SUV from South Korea that costs under $2,023 is the 2023 Soul Subcompact, which starts at $19,790 for MSRP. The Soul is a great choice for budget SUV shoppers who want a vehicle that is unique – with its distinctive boxy shape. Other attributes of the Soul include its spacious interior, good driving dynamics, an intuitive touch screen, and an abundance of standard features. However, like the Venue, the Soul doesn’t offer all-wheel drive.
Efficiency-wise, the engine gets a fuel economy of 31 mpg combined. Soul also has warranty coverage similar to the Venue, with a base warranty of 5 years / 60,000 miles and a warranty of 10 years / 100,000 miles of the powertrain. However, it does not offer a free maintenance plan.
The most affordable SUV to buy in 2023
After the Hyundai Venue and Kia Soul, the cheapest new SUV for 2023 is the 2023 Nissan Kicks minivan ($20,290). Here are the most affordable SUVs to buy in 2023, along with their starting prices. Also, for a few SUVs, official pricing information for 2023 isn’t available yet, so for these models, we’ve included the starting price for the 2022 versions.
- 2023 – Hyundai – Venue: $19,500 for MSRP
- 2023 Kia Soul: $19,790 MSRP
- 2023 Nissan Kicks: $20,290 MSRP
- 2023 Chevy Trax: TBD (starting price for 2022 Trax: $21,700 MSRP)
- 2023 Mitsubishi Outlander Sport: TBD (starting price 2022 Outlander Sport: $21,795 MSRP)
- Hyundai Kona 2023: $21,990 MSRP
- 2023 Chevrolet Trailblazer: $22,100 for MSRP
- 2023 Toyota: TBD (2022 Corolla Cross price: $22,445 MSRP)
- 2023 Kia Seltos: $22,840 MSRP
- 2023 Mazda CX-30: $22,950
- 2023 Subaru Crossstroke: $23,645 MSRP
- 2023 Honda HR-V: $23,650 MSRP
As you can see, there are many more affordable SUVs that are under $25,000. However, if you’re looking for a new 2023 SUV that costs less than $2023, your only option will be from South Korea: a 2023 Hyundai Venue and a 2023 Kia Soul.