Skip to main content

It’s been a tough year for millions of Americans financially. Nevertheless, plenty of consumers both want and need new vehicles, so what’s the solution? Luckily for those drivers, there are affordable options on the market. These options can provide decent value over time, especially given their low starting prices. Some fully loaded SUV models even start under $25K. One fully loaded new subcompact SUV has a starting price under $23,000 before taxes and additional fees. Is the cheapest new fully loaded SUV worth it, or should consumers opt for an alternative instead?

Should you get the cheapest new fully loaded SUV or skip it?

Many readers are already aware that Hyundai produces the cheapest new SUV on the market: the Hyundai Venue. Did you know that its final configuration is the cheapest new fully-loaded SUV on the market as well? That’s right, it even beats out affordable models like the 2024 Kia Soul EX for the title. So, the question remains: is such an affordable SUV any good in the first place? Let’s break down its price, specs, and standard features to gauge its value proposition.

Starting MSRP$22,900
Engine1.6-Liter Four-Cylinder
Power Output121 Horsepower, 113 LB-FT of Torque
MPG29 City, 33 Highway
Hyundai Venue specs.

Hyundai Venue Limited

  • Heated exterior mirrors
  • Proximity key entry with push-button start
  • Roof rails
  • Cloth/leatherette combination seats
  • Heated front seats
  • Leather-wrapped steering wheel and shift knob
  • Wireless device charging

The 2023 Venue Limited has some great standard features for the money. That being said, its subpar power output is hard to ignore. This subcompact SUV clearly isn’t built for enjoyable driving dynamics. Instead, it prioritizes value and efficiency, which is exactly what some consumers are looking for. Ultimately, the Venue Limited isn’t the ideal choice in its segment for most consumers. On the other hand, if you’re already looking into the Venue, its Limited configuration is worth ‘splurging on.’

If you’re looking for a subcompact SUV that provides great value over an extended period of time, there are several options better than the Hyundai Venue Limited. Models like the Hyundai Kona and Mada CX-30 are better alternatives, though you’ll have to spend a little more. The cheapest new fully loaded SUV is a decent option, but it isn’t the best one available.

What is the best new subcompact SUV?

An orange 2024 Hyundai Kona subcompact SUV is parked.
The 2024 Hyundai Kona | Hyundai

Because of its refined interior, many gearheads believed the CX-30 to be the undisputed best SUV in its segment. Though the Mazda CX-30 still provides amazing value for the money, Hyundai’s redesigned Kona is a force to be reckoned with.

Subcompact SUV2024 Mazda CX-302024 Hyundai Kona
Starting MSRP$24,955$24,100
Base Engine 2.5-Liter Four-Cylinder 2.0-Liter Four-Cylinder
Power Output191 Horsepower, 186 LB-FT of Torque147 Horsepower, 132 LB-FT of Torque
MPG26 City, 33 Highway29 City, 34 Highway
2024 Mazda CX-30 vs. 2024 Hyundai Kona specs.

The 2024 Hyundai Kona has an exciting new exterior design. It’s larger than ever before, and it has pleasant driving dynamics. If you’re looking for the best new subcompact SUV on the market, the new Kona is a great place to start. Although it isn’t the cheapest new SUV available, it’s on the more affordable side compared to competitors.

What is the best Hyundai Kona trim?

An orange 2024 Hyundai Kona subcompact SUV is driving on the road.
The 2024 Hyundai Kona | Hyundai

3 Cheapest SUVs: Want, Get, Pass

Hyundai’s subcompact SUV comes in four configurations: the SE, SEL, N Line, and Limited. Of all the Kona trims, the N Line is the most exciting because of its unique design. It comes with N Line front and rear fascia and N Line badging. It’s also the only trim to feature twin-tip exhaust.

The 2024 Hyundai Kona N-Line also includes heated front seats, a leather-wrapped steering wheel with N logo, and a Hyundai digital key. It starts at $30,650.

No matter how you twist it, the Venue is the cheapest new SUV you can buy. Although it isn’t the best fully-loaded model to purchase, it comes with decent equipment at its highest price and remains more affordable than other fully-loaded options.