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Published: Wednesday, July 10, 2019 @ 7:03 AM
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.
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|
|3||Ford Fusion Hybrid||$14,844||49.7%||1.3x|
|5||Kia Optima Hybrid||$16,381||49.2%||1.3x|
|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.