7 Best Budget Cars for Middle-Class Retirees in 2024

Getting to retire from the workforce is a privilege that comes after a lifetime of hard work, saving and dedication. Now with ample time ahead of them, retirees might be looking to hit the road — and they might be in need of a reliable vehicle that meets their criteria for getting around and also fits in their budget. 

Retirees tend to be on a fixed income, so making sure they get what they pay for and not overspend is crucial, particularly when it comes to a big purchase like a car. This is the case especially for those who were middle class in their working years.

For 2024, here are the seven best budget cars that middle-class retirees should consider buying.

• 2024 model starting price: $23,145

“The Toyota Corolla remains a top choice for retirees due to its reputation for reliability, fuel efficiency and low maintenance costs,” said Mohan Babu, a savings specialist at Dealhack. Priced in the low $20,000s, the Toyota Corolla “offers a comfortable ride and a suite of safety features,” Babu said.

The Toyota Corolla, with its good fuel economy, will also help you save money at the pump. The 2024 model gets 30 to 32 miles per gallon in the city and 38 to 41 miles per gallon on the highway, per U.S. News & World Report.

• 2024 model starting price: $25,045

The Honda Civic is another excellent option for middle-class retirees to consider purchasing in 2024, according to Babu.

“Known for its longevity and fuel efficiency, the Civic provides a smooth driving experience and comes equipped with advanced safety technologies, making it ideal for retirees,” Babu said.

• 2024 model starting price: $22,775

“The Hyundai Elantra is a standout for those seeking affordability without compromising on features,” Babu explained. “It offers great value with a spacious interior, modern tech features and impressive fuel economy.”

The 2024 model received a 10 out of 10 rating on fuel economy from U.S. News & World Report.

• 2024 model starting price: $24,115

“Retirees looking for all-wheel drive and safety will appreciate the Subaru Impreza,” Babu said.

Babu highlighted how the Subaru Impreza comes equipped with “a comfortable cabin, excellent safety ratings and the added benefit of all-weather capability.”

• 2024 model starting price: $21,565

“The Kia Soul, with its distinctive design … is perfect for retirees who desire a bit more style,” Babu said. “It boasts a roomy interior, user-friendly technology and commendable fuel efficiency.”

The 2024 model was ranked as the best subcompact SUV for the money by U.S. News & World Report.

• 2024 model starting price: $22,320

“The Nissan Sentra offers a blend of affordability and modern features,” Babu said.

In Babu’s professional opinion, retirees will find the Nissan Sentra’s “comfortable seating and intuitive infotainment system particularly appealing.”

• 2024 model starting price: $25,355

“For those who enjoy a spirited drive, the Mazda3 is an excellent choice,” Babu said. “It combines sleek design, responsive handling and a high-quality interior, making it a joy to drive.”

In conclusion, Babu pointed out how “choosing the right budget car for retirees involves balancing cost, comfort and reliability.”

And there are many options to choose from. “These models provide a range of options that cater to different preferences and needs, ensuring a safe and enjoyable driving experience for middle-class retirees,” Babu said.

All 2024 model starting price figures were sourced from Car and Driver.

Photo Disclaimer: Please note some photos are for illustrative purposes only and might not feature exact models, base models or the cars’ specific trim levels. As a result, some of the cars in the photos might have different MSRPs than the ones listed in this article.