Buying a car is no small financial step. Like buying a home, buying a vehicle is likely to be amongst the more significant financial decisions you will make for yourself or your household. One of the biggest mistakes buyers make is to purchase a car that puts undue financial strain onto the other areas of their budget. Many buyers mistakenly think that the features they require in a vehicle cannot be found at a low price point.
The truth is, while more expensive cars may come with all the bells and whistles, there is an extensive lineup of vehicles under $20,000 that provide satisfying levels of luxury and driving quality. We made an effort to try and compile these into a collection of the best made and most affordable cars that hit the road in 2020. The following list should give you a taste of the many new vehicles that are both affordable -and perhaps worth getting a little excited about.
Best described as being roomy, fuel-efficient and with a high-safety rating.
Hyundai has long been a go-to option for car buyers looking to find a fair balance between quality and price. The 2020 Hyundai Accent fits perfectly into this niche with a slightly updated version of the overhauled 2019 model that weighs features and upgrades very well against necessity and comfort. The end result is a vehicle with fantastic overall value, rather than one that is simply “cheap.”
The Hyundai Accent drives quietly and comfortably and is complete with the modern features you’d expect. The onboard audio system syncs with your mobile devices and you can opt for other useful luxuries like keyless entry. Excellent fuel economy and a long-warranty top-off this great deal. All in all, the Accent is extremely useful for a commuter or student looking to make a transportation investment.
If you are looking for a brand new car that won’t break the bank, the 2020 Hyundai Accent is definitely worth a look.
Best described as a low-cost but well-equipped and efficient vehicle.
The Chevrolet Spark is a small and fuel-efficient vehicle packed full many modern comfort features you may be surprised to find in a car at this price. The car itself is sturdily built and sports 10-airbags that give it incredible safety (and making it more desirable for a parent buying a car for a kid going off to college). The small profile also makes parking a cinch and is handy for many situations.
In addition to the safety features, this Chevrolet has solid device connectivity services that allow you to sync your smartphone up with the touchscreen display. The On-board system can also be set-up to provide in-car wi-fi.
The 2020 Chevrolet Spark is available in four trim levels that differ primarily in the standard features each offer.
Image by: Ford Motor Company
Best described as sporty, small, and fun to drive.
The 2020 Ford Fiesta is a sub-compact car with a real sense of style. This vehicle doesn’t have the same cargo room as some other cars we are listing but it is extremely quiet and can ‘sportily’ handle turns with its well-tuned suspension. Even the baseline Fiesta is a pleasure to drive.
The 2020 Fiesta comes standard with a decent set of features including emergency assistance and their Sync 3 system utilizes 6.5-inch touchscreen and onboard navigation. While the baseline model is a very good car for the price, the Fiesta ST comes packed with a much larger list of features, including keyless entry, as well as a 197 hp engine and performance tires.
If you want an inexpensive vehicle that still has that fun factor, the Ford Fiesta may be calling your name.
Best described as fun and cozy with a high level of practicality.
The 2020 Kia Rio LX’s high safety and reliability ratings, as well as the comfy interior and agile handling, makes it a trendy high-value sub-compact car. When compared to similar vehicles In other vital areas like fuel economy and seat space, the Kia Rio performs well if not near the top.
The 2020 Kia Rio also has a new focus on safety with a plethora of systems like ahill start assist control, electronic stability control, as well as “30% more advanced high-strength steel,” this car is built to be tough and to keep you safe.
The features in the Kia Rio are what you would expect from a 2020 vehicle, and the Kia Rio S comes with even more. The Kia Rio S also includes Apple and Android syncing and remote keyless entry while only raising the price just above $16k.
Image by: Nissan USA
Best described as practical, spacious, and very inexpensive.
The 2020 Nissan Versa provides you a vehicle with ample storage space, substantial fuel efficiency, a high-consumer rating, and a low price-tag. No dollar spent on this Nissan is wasted. The aesthetic, handling and overall driving experience are not stand out, but for what you are paying, you are receiving fantastic value. This total return on investment has made the Versa a popular commuter and ride-sharing car.
While the standard features are not anything to write home about, you can expect to have a USB port, and can easily upgrade into Apple and Android syncing services.
If you are looking for something simple and efficient and plan to have little need to punch the gas, the Versa might be for you.
Image by: Nissan USA
Best described an efficient and feature-full commuter sedan.
The 2020 Mitsubishi Mirage G4 packs a lot into a small, and inexpensive, package. Many of the standard features like the touchscreen, Bluetooth and keyless entry are not typically found in this price range, and the city road fuel efficiency means you’ll be saving on gas while you utilize these features.
The features and the feel of the driving make it clear the Mirage G4 was built to give you a comfortable and reliable drive when dealing with your daily commute. The driving experience is merely mediocre but that shouldn’t stop you from considering this a standout commuter vehicle. It was built around efficiency, and that is how you should weigh its overall value.