In an effort to make the 2016 Chevy Malibu a more affordable and competitive vehicle, GM has undercut the price of many of the vehicles in the lineup.

The entry model of the 2016 Chevy Malibu that will go on sale by the end of the year starts at $22,500, including a destination charge that costs $875 on its own. With the reduced price for the new Malibu, GM has made the car cheaper than some of the more popular choices such as the Honda Accord, Ford Fusion, Nissan Altima and Toyota Camry. Two vehicles that are still cheaper in basic trim are the Mazda 6 and the Hyundai Sonata.

For those who want more than the standard trim, the higher end models are also cheaper and have undergone price cuts. The LS model costs $25,895 while the Premier trim is priced at $31,795. The LT trim in Premier fashion costs $29,495. Just for comparison, the entry model of the 2015 Malibu was priced at $23,900. And while the basic model is cheaper, the 2016 Malibu has five trimmings and the wider range results in higher price for the top model.

The basic trim of the 2016 Chevrolet Malibu has cruise control, 10 air bags, push-start button and a 1.5-liter engine with four cylinders.

Once you get to the LS model, the standard equipment also includes a rear-vision camera as well as tech goodies such as Android Auto or Apple CarPlay. The LT Model also includes LED daytime running lamps, and the engine is boosted to a 2.0-liter engine. Also included in the LT model are the 8-way, power driving seats. If you want luxury from your vehicle, you can choose the Premier package which adds LED taillights and ventilated seats to your vehicle.

When it comes to power, the entry model is powered by a 1.5-liter engine with 160hp, a little less than the 2015 base model. But the weight of the new Chevy Malibu makes up for the power, as the 2016 version has shed 300 pounds. Fuel efficiency is also improved to 27mpg in the city and 37mpg on the highway.

The LT model is the top of the class, and features 2.0-liter engine with 250 ponies under the hood and an eight-speed automatic gearbox.

All of the prices mentioned are for the redesigned 2016 Chevy Malibu. GM also offers 2016 Malibu Limited, which is a carryover version of the 2015 Malibu. The company envisions the vehicle as the transit between the 2015 model and the 2016 model that should be available at dealerships by the end of this year or early in 2016.