The new car market is flooded with new cars, and unfortunately most consumer cars are quickly inflating in MSRP. The new Toyota Camry, for example, can be spec’d up to over $40,000, which is getting in the territory of BMW, Mercedes, and Audi. This begs the question of if you can still buy a good new car for a reasonable price. We’ve compiled a list of the best new cars under $20,000 that you can buy today!
6 Best New Cars Under $20,000
Honda Civic – $18,840
The Civic has always been one of the best values for your dollar, and the latest generation of the Honda Civic is no different. With all of the tech that this car offers for under $20,000, you won’t have to worry about buying a new car for a quite a few years. The Honda Civic seems to be quite a few years ahead of the competition with the latest model.
If you’re looking for the best bang for your buck and likely the most reliable car on this list, the 2018 Honda Civic is a great choice. Along with the great tech, the styling will age much better than the competition, and the reliability of the latest Civic is untouched by other models.
Toyota Corolla – $18,550
While the 2018 Corolla may not have the striking looks of the latest Honda Civic, the reliability of the Toyota brand and the Corolla seem to keep owners coming back year after year to upgrade to the latest Toyota Corolla. The only downside when compared to the Civic is the interior quality feels much cheaper than the Civic’s interior.
With that aside, though, the 2018 Toyota Corolla is a serious contender in the search for the best new cars under $20,000, which is why we’ve added it to our list. It’s hard to beat the value of the latest generation Toyota Corolla.
Ford Fiesta SE Hatch – $15,645
If you’re looking for the car on this list that will, without a doubt, be the most fun driving experience while also maintaining incredible MPG and great styling, the Ford Fiesta is one of the best! You can opt for the basic Ford Fiesta S Sedan for $14,115, but I would highly recommend the 2018 Ford Fiesta SE hatch for some additional options, same MPG, and better styling.
The Fiesta has always been known as being one of the most fun driving experiences for the price, and the competition has yet to match the driving experience of the Fiesta. It truly is the best driver’s car on the list today.
Volkswagen Golf – $19,895
With German reliability, incredible gas milage, and legendary styling and heritage, the 2018 Volkswagen Golf is one of the best all-round cars produced for under $20,000. While the latest generation VW Golf may not have all of the standard features of the Honda or Fiesta, the Golf, for some, sits in a class of it’s own due to the incredible Golf heritage.
VW is also known for making some of the longest lasting cars on the road today, and the latest Golf is sure to be a long-lasting vehicle.
smart fortwo – $16,140
If you prefer a car with more quirky styling or something much more compact, the latest generation of the smart fortwo is a great option for the best new cars under $20,000. Unlike previous generations, the updated styling stands out in a crowd for GOOD reasons.
On top of the fun styling, the smart handles very well, and it’s a great city car. The best part is, the latest smart fortwo supposedly achieves 122 MPG in the city and 93 MPG on the highway. It’s very hard to beat that!
FIAT 500 – $18,495
Sticking on the city car (subcompact car) under $20,000, the FIAT 500 has become an icon in the United States. The FIAT 500 has been one of the best selling cars in Europe for years because of its compact design and great fuel economy. The FIAT 500 averages 33 hwy and 28 in the city. While it doesn’t match that of the Smart Fortwo, it is still one of the best on the list.
Along with that, the FIAT has some of the best styling of any of the cars on the list of the best new cars you can buy under $20,000. The FIAT has retro styling mixed with modern techniques. It makes for a truly beautiful automobile! Shown above is the Abarth 500, which comes in at just under $20,000! That's one seriously cool car for cheap!