Buying a used car in 2019 doesn't have to be expensive. In fact, there are plenty of vehicles you can get for under $20,000.
The vehicle search engine iSeeCars.com recently released a list of vehicles available for under $20,000, including everything from full- and mid-size models to compact cars and SUVs.
Report: Here are the best used cars under $20,000
A sticker price under that amount is about right for a new driver, recent graduate or anyone looking to save money on a used vehicle.
The list below shows not only the used vehicle, but its price after three years and depreciation figures.
iSeeCars Best Used Cars Under $20,000 |
||||
Rank | Car | Avg. 3-Year-Old Used Price | % Depreciation | Depreciation Compared to Average |
1 | Lincoln MKZ | $19,855 | 55.6% | 1.4x |
2 | Kia Cadenza | $19,508 | 50.2% | 1.3x |
3 | Ford Fusion Hybrid | $14,844 | 49.7% | 1.3x |
4 | Chevrolet Impala | $17,745 | 49.4% | 1.3x |
5 | Kia Optima Hybrid | $16,381 | 49.2% | 1.3x |
6 | Fiat 500L | $13,403 | 49.1% | 1.2x |
7 | Ford Taurus | $17,587 | 48.7% | 1.2x |
8 | Volkswagen Tiguan | $16,235 | 47.7% | 1.2x |
9 | Fiat 500 | $11,469 | 47.2% | 1.2x |
10 | Hyundai Sonata Hybrid | $16,303 | 47.0% | 1.2x |
Average for Comparably Priced Vehicles | 39.3% |
As you can see, many of the best used vehicles under $20,000 are hybrids. iSeeCars.com CEO Phong Ly says there’s a good reason for that.
"New hybrid vehicles are more expensive than their non-hybrid counterparts with the Kia Optima Hybrid costing an additional $4,303," Ly says. "However, there isn't a high demand for these hybrid vehicles, and their steep depreciation brings their resale value close to that of their non-hybrid versions."
He says the average price of a three-year-old Fusion Hybrid is only about $200 more than a gasoline-powered Fusion.
However, iSeeCars.com notes that non-hybrid versions of these vehicles also depreciate at an above-average rate due to the overall decline of sedan market in the United States.
More Clark.com articles you may enjoy:
- How to buy a used car in 2019
- Need new tires? These are the 10 best places to buy them
- How often should you change the oil in your car?
The post New report: The best deals on used cars under $20,000 appeared first on Clark Howard.
Clark.com