Average new car prices are around $50,000 according to CNBC. Luckily for drivers, there are plenty of cheap new cars under $25,000 that provide great value for the money.

Automakers Toyota, Chevrolet, Kia and more produce affordable small cars and subcompact SUVs that are great options for drivers in search of affordable transportation. Drivers don't need to break the bank to buy a reliable daily driver with decent specs and standard features.

The 2025 Kia Soul is a cheap subcompact SUV that competes with models like the Nissan Kicks and Honda HR-V. It has a distinct boxy exterior styling and a surprisingly roomy interior.

Kia's 2025 Soul starts at $20,490. It comes in four trim levels, all starting under $25,000.

The 2025 Kia Soul uses a 2.0-liter four-cylinder engine to produce 147 horsepower. It achieves 27 miles per gallon in the city and 30 miles per gallon on the highway.