The Best Used Cars You Can Buy for Under $20,000

Millions of cars are coming off three-year leases these days, making it a great time to pick up a lightly-used ride. These 10 vehicles, however, offer the best bang for your buck in the under-$20K range.


It’s not hard to see the appeal in a new car: low to no miles, undamaged and unworn parts, and of course, the purest version of that new-car smell. But as any bargain-minded car shopper is sure to tell you, there are far better deals to be found on the used car market. Depreciation slices a good chunk off any car’s value the moment it leave the dealership, and the car’s worth just keeps sliding from there, in an inevitable downward slope that, sooner or later, winds up with the vehicle valued at little more than the market price of the raw materials that can be sucked out of it.

But ruffling through the used car market to separate the clunkers from the charmers can be grueling. (Trust us: We just did it for our Best Used Off-Roaders for Less Than $10,000 piece.) Any information that can help sift the wheat from the chaff is helpful — and the more it can winnow down the massive selection of pre-owned vehicles out there, the better.

Luckily for us, the team at has put together a list of some of the best bargains to be found in the lightly-used car market. For these purposes, they looked at vehicles that are three years old (i.e. coming off a common-length lease term). While the average car lost 38.2 percent of its value in that time, many cars lost far, far more — which makes them great buys in the used car market. And again, given the used car market’s particular focus on value, they further broke down their list to pull out the three-year-old cars you can buy for less than $20,000 today that have seen the steeped depreciation in those 36 months since they first left the lot. In other words: These 10 vehicles are the best buys in used cars you can find today for less than $20,000.

Lincoln MKZ

lincoln mkz

Average Three-Year-Old Price: $19,855
Depreciation: 55.6%

Read Our Review: Here

Kia Cadenza


Average Three-Year-Old Price: $19,508
Depreciation: 50.2%

Read More: Here

Ford Fusion Hybrid


Average Three-Year-Old Price: $14,844
Depreciation: 49.7%

Read More: Here

Chevrolet Impala


Average Three-Year-Old Price: $17,745
Depreciation: 49.4%

Read More: Here

Kia Optima Hybrid


Average Three-Year-Old Price: $16,381
Depreciation: 49.2%

Read More: Here

Fiat 500L


Average Three-Year-Old Price: $13,403
Depreciation: 49.1%

Read More: Here

Ford Taurus


Average Three-Year-Old Price: $17,587
Depreciation: 48.7%

Read More: Here

Volkswagen Tiguan


Average Three-Year-Old Price: $16,235
Depreciation: 47.7%

Read Our Review: Here

Fiat 500


Average Three-Year-Old Price: $11,469
Depreciation: 47.2%

Read More: Here

Hyundai Sonata Hybrid


Average Three-Year-Old Price: $16,303
Depreciation: 47.0%

Read Our Review: Here

Learn More: Here

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