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SUVs are more popular than ever. With the high ride height, spaciousness, and utility, automotive consumers are increasingly choosing SUVs over sedans. A drawback of SUVs, though, is they often are expensive. However, there are some affordable exceptions, including the subcompact 2023 Hyundai Venue, which is the cheapest new SUV. The Venue also has the best warranties, with powertrain warranty coverage for up to 10 years.

2023 Hyundai Venue is the cheapest new SUV

Front angle view of gray 2023 Hyundai Venue, cheapest new SUV with the best warranty coverage
2023 Hyundai Venue | Hyundai

The 2023 Hyundai Venue has a starting price of just $19,500 MSRP, which makes it the cheapest new SUV in the United States. The next most affordable new SUVs are the 2023 Kia Soul ($19,790 MSRP) and the 2023 Nissan Kicks ($20,290 MSRP). 

Here are the cheapest new SUVs:

  1. 2023 Hyundai Venue: $19,500 MSRP
  2. 2023 Kia Soul: $19,790 MSRP
  3. 2023 Nissan Kicks: $20,290 MSRP
  4. 2024 Chevy Trax: $21,495 MSRP 
  5. 2023 Hyundai Kona: $21,990 MSRP
  6. 2023 Chevrolet Trailblazer: $22,100 MSRP
  7. 2023 Mazda CX-30: $22,950 MSRP
  8. 2023 Mitsubishi Outlander Sport: $22,995 MSRP
  9. 2023 Toyota Corolla Cross: $23,060 MSRP
  10. 2023 Kia Seltos: $23,140 MSRP

One thing that all these affordable SUVs have in common is they are subcompacts. For many automotive shoppers, subcompact SUVs are replacing compact and subcompact sedans and hatchbacks as the budget-friendly vehicles of choice. And the cheapest one of all is the Venue.

2023 Hyundai Venue has the best warranty coverage

Infotainment system touchscreen in 2023 Hyundai Venue, most affordable new SUV with the best warranty coverage
2023 Hyundai Venue | Hyundai

Not only is the 2023 Hyundai Venue the most affordable new SUV, but it also has the best warranty coverage. Additionally, the generous warranty coverage adds to the affordability. Repairs are a major cost of vehicle ownership. And repairs are much more affordable with the long warranty coverage.

Like other new Hyundai models, the Venue is backed by a 10-year/100,000-mile powertrain warranty and a 5-year/60,000-mile basic warranty. In comparison, the industry standard is a 5-year/60,000-mile plan for powertrains and a 3-year/36,000-mile plan for basic coverage.

The only other automakers that offer warranty coverage this long are Genesis, Kia, and Mitsubishi. Genesis is Hyundai’s luxury division, while Kia is owned by Hyundai. 

Also, the Venue and other Hyundai and Genesis vehicles offer a complimentary maintenance plan. Good for three years or 36,000 miles, it covers factory-scheduled maintenance for free, including oil changes, tire rotations, topping off the fluids, and multi-point inspections.

Hyundai Venue offers excellent value 

Furthermore, the low price doesn’t mean the 2023 Hyundai Venue is a cheap-quality SUV. It’s reliable with minimal issues, evidenced by the “great” reliability score of 82/100 it received from J.D. Power.

Also, the Venue offers excellent value with its many desirable features. Standard and available features include a sunroof, heated front seats, a dual-zone automatic climate control system, smartphone integration, and a wireless charger. There are also driving-assistance technologies, such as a rearview camera, a blind-spot monitor, and lane-keeping assist. 

Plus, an additional aspect that adds to the affordability is efficiency — with savings at the fuel pump. The Venue gets a respectable estimated gas mileage of up to 31 combined mpg. 

For drivers that want an affordable SUV, the 2023 Hyundai Venue is a good pick. It’s the cheapest new SUV — and has the best warranty coverage.


2023 Hyundai Venue: Price, Specs, & Features — Cheapest SUV!