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Best Deals on Cars Under $20,000

If you're in the market for a new car, but you need one on a tight budget, look no further than Consumer Report's recent list of the eight best new cars that you can buy right now for under $20,000.

On the list are the likes of the 2014 Ford Mustang Coupe V6, 2014 Fiat 500 Pop, 2014 Mitsubishi Lancer SportBack ES, and 2014 Chevy Cruze 1LT Manual. All of the picks on this list offer very good fuel economy.

Important to note that some of those on the list come standard with manual transmission, so an automatic may cost you a little extra. And as always, I recommend you use TrueCar No Haggle and CarsDirect for the biggest savings on any of these vehicles.

VehicleMSRPNational Market Avg.Potential % SavingsPotential $ Savings
2014 Ford Mustang Coupe V6$23,335$19,63515.9%$3,700
2014 Jeep Compass Sport 4x2$19,690$16,94913.9%$2,741
2014 Fiat 500 Pop$16,995$14,99011.8%$2,005
2014 Hyundai Sonata GLS$22,260$19,71211.4%$2,548
2014 Dodge Dart GT$21,990$16,62610.8%$2,364
2014 Mitsubishi Lancer Sportback ES$19,405$17,38010.4%$2,025
2014 Chevrolet Cruze 1LT Manual$19,640$17,8239.3%$1,817
2014 Volkswagen Jetta Sedan S Manual$17,715$16,3307.8%$1,385

3 Steps Every Car Buyer Needs to Take to Save Maximum Money

The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:

Step 1 Get Prices From My Trusted Network

Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Select Vehicle to Get Local Pricing

Step 2 Get Prices From TrueCar / CarsDirect

TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.

Step 3 Complete my Checklist

Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan

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About The Author

Gregg Fidan Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.

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