's top budget friendly cars for 2024

By Sandra Zablotna - Friday 26 April 2024

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Searching for an affordable ride under $50,000? Look no further! Here are the top budget-friendly car options in Australia rated by that you can also find on mymoto. Let's dive into discover why these picks stand out from the rest!


Volkswagen Polo

Best Urban Vehicle Under $30,000

Crowned the best urban car under $30,000 by The Volkswagen Polo outshines rivals like the Toyota Yaris Cross & Hyundai i30 by offering a more premium experience with wireless charging, parking sensors, ample space, a roomy boot, and a temporary spare wheel for emergencies.

However, what truly elevates the Polo is Volkswagen's renowned on-road performance, attributed to its lively 1.0-liter turbo petrol engine and smooth dual-clutch automatic transmission

Click here to view Volkswagen Polo's stock on mymoto.


Volkswagen Golf

Best Urban Vehicle Under $50,000

Chosen as the Best Urban Car Under $50,000 in the Drive Car of the Year competition, Volkswagen Golf stands out with its efficient petrol powertrain, boasting a real-world fuel consumption rate of just 5.4L/100km.

Judges praise its urban suitability, agile manoeuvrability, spacious rear seating, and generous cargo capacity. With a blend of comfort, composure, and confident handling, the Golf offers a premium driving experience for city dwellers, making it a top choice in its class.

Click here to view Volkswagen Golf's stock on mymoto.


MG 4

Best Electric Vehicle Under $50,000

The MG 4 stands out as an affordable option in the electric vehicle market, surpassing competitors like the BYD Atto 3 and GWM Ora to win Drive's Best Electric Vehicle Under $50,000 award. Offering three variants within this price range, it provides much-needed options for budget-conscious buyers in the EV space.

Beyond affordability, its ownership costs are low, with a seven-year unlimited-kilometer warranty and minimal servicing expenses totalling just $1499 over the initial six years. Additionally, its stylish and spacious interior makes this the perfect car for EV newcomers.

Click here to view MG 4 stock on mymoto.


Hyundai Kona

Best Small SUV Under $50,000

The latest Hyundai Kona, released in June 2023 with a hybrid version arriving in December, impressed the judges, securing the title of Best Small SUV Under $50,000. With petrol, electric, and hybrid options, the Kona caters to a wide range of buyers, offering remarkable features even in its base models.

Praised for its refined cabin, ample power for urban driving, and spacious interior with a generous boot and practical storage solutions. Equipped with modern amenities like over-the-air software updates allowing you to have selected KONA system’s maintained with the latest versions without visiting a service centre and Hyundai’s SmartSense active safety suite making it a convenient choice for modern families.

Click here to view Hyundai Konas's stock on mymoto.

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Honda CR-V

Best Medium SUV Under $50,000

The highly anticipated Honda CR-V delivers impressive practicality and value, making it an ideal choice for budget-conscious families. With a range of options, including a seven-seat variant, and competitive pricing below $50,000, it stands out in the medium SUV market.

Its spacious interior, generous boot capacity, and extensive safety features, including 11 airbags and active safety technology, provide peace of mind for drivers, especially parents. Powered by a fuel-efficient 1.5-litre petrol engine or an even more economical hybrid option, coupled with a smooth CVT transmission and comfortable ride, the CR-V offers both performance and efficiency. Additionally, its low servicing costs, make it an attractive option for budget-conscious families.

Click here to view Honda CR-V's stock on mymoto.


SsangYong Musso

Best Dual-Cab Ute Under $50,000

The SsangYong Musso, awarded the Best Dual-Cab Ute Under $50,000 for 2024 by, offers exceptional value for budget-conscious buyers. With a 2.2-liter turbo-diesel engine, 3.5-tonne towing capacity, and part-time four-wheel drive, it's both capable and surprisingly upscale. Its spacious cabin and generous headroom set it apart from competitors.

SsangYong's servicing costs are affordable, and its seven-year unlimited kilometer warranty adds peace of mind. Despite its affordability in a market where prices can soar, the Musso proves to be a smart choice for those seeking a practical and cost-effective option in the ute segment.

Click here to view SsangYong Musso's stock on mymoto.


Guthrie, S, 2024, ‘The best affordable cars in Australia for 2024’, CarAdvice, 10 April 2024,