Best new cars under $20,000
Why pay more than you need to for a new car?
Updated . What changed?
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Looking for a new car under $20,000? This guide will help you find what's available within your budget, for less than $20k, driveaway.
Which are the best new cars under $20,000?
|Fiat||263 Doblo van (2018 Build)||From $19,990 driveaway (Price from a dealer)|
|Great Wall||Steed 4x2 diesel||From $19,990 driveaway (Price from Great Wall)|
|Honda||City VTi||From $19,550 (Price from Autotrader)|
|Honda||Jazz VTi||From $19,305 (Price from Carsales)|
|Kia||Picanto S||From $16,990 (from Kia)||Read Review|
|Kia||Cerato||From $19,490||Read Review|
|Kia||Rio S||From $19,490 (driveaway from Kia)|
|MG||MG3||From $16,690 (MG driveaway)|
|Mitsubishi||Mirage||From $16,990 (Carsales)|
|Skoda||Fabia Ambition||From $17,990 driveaway (Skoda)|
|Suzuki||Baleno||From $16,990 (Suzuki website)|
|Suzuki||Ignis||From $18,990 (Suzuki estimated driveaway)|
|Suzuki||Swift||From $18,990 (Suzuki estimate driveaway)||Read Review|
What features should I look for in a new car under $20,000?
How can I save at a dealership?
What are cheap cars like to drive and own?
It really depends on the make and model. If you go for a sub $20k Skoda Fabia for example, it's going to have a small 1.0-litre petrol engine, with 70kW. That means it's not going to be super speedy, but for around town driving, it should prove pretty economical, using 4.5L/100km combined. You'll get a five-speed manual transmission. Nothing special there. But the spec is reasonable, with the choice of two free solid colours (white or red) and stylish-looking, 15-inch steel wheels. The Fabia Ambition also has:
- Adaptive Cruise Control
- Apply CarPlay & Android Auto
- Front Assist with City Emergency Braking
- Rear View Camera
- 6.5-inch infotainment touchscreen
- Leather steering wheel with multi-function
- Sound package
- Start-stop system, with regenerative braking
- Cloth seats
Overall, it's not a bad specification. Plus, Skoda has a reputation for high build quality. The cabin, according to a car reviewer is a bit "plastic fantastic", though at this price point competing models will be just as plastic reliant. You can kind of think of it like a budget VW Polo, thanks to Skoda being one of the Volkswagen Group subsidiary companies.
Comparing this model against the MG3, which is a cheaper car. On the MG3, you get a 1.5-litre petrol engine, with a four-speed automatic transmission. This car gets an 8-inch infotainment touchscreen, 15-inch alloy wheels, plus a four-speaker audio sound system with something called Front Yamaha Sound Field. The seats are Tartan-inspired fabric. MG offers three free paint options: yellow, white and black(one more than the Fabia). In summary, you get a bit more "bling" for your money. It doesn't have things like Adaptive Cruise like the Fabia has though. Fuel use is higher, at a claimed 6.7L/100km combined. The MG3 has a longer, seven-year (instead of five-year), unlimited-kilometre warranty. A car journalist stated the MG3's engine was a bit soulless, without any life.
Additionally, the MG3 has a three-star crash rating (from the Euro NCAP), where the Skoda Fabia has a five-star rating (from ANCAP).
In summary, at this price point, cars aren't going to be luxurious and cushy, but they do have some surprising creature comforts.
Car loans you can use to purchase a vehicle under $20k
By entering your desired loan amount and term below, you will be able to see how much your monthly repayments on certain car loans. But the savings don't have to stop here. You can also compare car insurance and whether you are looking for comprehensive car insurance, third party fire and theft or just CTP insurance, we have a number of comparisons and comrephensive guides that should be able to help you make a decision.
Want to give your savings a boost?
The Finder app hunts down personalised ways for you to save. You could save on your bills, mobile plan, credit card, insurance and more. Pop in your phone number below to get your download link.
More guides on Finder
MG EOFY sale
You could save up to $5,040 on a new or ex-demo MG in the EOFY sales.
Lexus EOFY car sales
You could save up to $19,000 on an ex-demo Lexus in the 2020 EOFY car sales.
Suzuki 2020 EOFY car deals
Right now, you could save up to $3,250 on an ex-demo Suzuki!
Best 2019 end of year plate car clearance deals
Saves thousands of dollars on a new car with these end of year plate deals.
$40,000 car loans
Make your $40,000 go further with these car buying tips.
The ultimate guide to buying a car this 2019 EOFY
Before you head to the car yard, make sure you know what to look for.
Ford EOFY car sales
Find out how you can save up to $10,000 off a new Ford in the 2020 end of financial year sale.
Chinese cars guide
Chinese manufacturers are selling cars for very little money; are they any good?
Best small cars
There are dozens of different makes and models to choose from and then about five different trim levels on average, per carmaker. This guide will help you cut through the sales banter.
Cheapest cars by class
Use this guide to find the cost of each class of car.
Car Loan OffersImportant Information*
You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.
You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.
You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
Ask an Expert