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Best Deals on New Cars Under $20,000 for October 2020

best car deals under $20,000

best car deals under $20,000There are plenty of new models available from popular manufacturers like Nissan, Hyundai, and Kia for under $20,000.

A lot of entry-level cars that fall under 20K have standard safety features that you would expect from a new vehicle in 2020. In addition to the low cost, manufacturers consistently offer finance, cash back, and lease deals every month.

Below we feature some of the best deals available right now on cars that are under $20,000.

Best Cash Back Deals on Cars Under $20,000 Right Nowbest cashback deals

Customers can end up paying significantly lower than $20K on a new vehicle by taking advantage of cash back incentives offered by the manufacturer.

Manufacturers publish new cash back deals each month and these are our top picks for October 2020.

Tip: To truly get a good deal, you’ll want to get prices from several dealerships. (click the orange button above and Get Prices).

YearMakeModelCash Incentives (up to)Expiration
2020FordEcoSport$4,250 11/3/2020
2020KiaSoul$2,500 11/2/2020
2020NissanLeaf$6,000 11/2/2020
2020HyundaiElantra$2,500 11/2/2020
2019MitsubishiMirage$2,500 11/2/2020

Best Finance Deals on Cars Under $20,000 Right Nowbest finance deals

With good credit, buyers can finance for as low as 0% APR for 60 to 72 months. A few of the finance deals each month have additional cash back incentives attached.

YearMakeModelBest Avail. APRLengthCash BonusExpiration
2019MitsubishiMirage G40.00%60 months$1,500 11/2/2020
2020HyundaiAccent0.00%48 months$50011/2/2020
2020NissanKicks0.00%36 months$50011/2/2020
2021KiaForte0.00%60 months11/2/2020
2020SubaruImpreza0.00%63 months11/2/2020

Best Lease Deals on Cars Under $20,000 Right Nowbest lease deals

With this month's lease deals, drivers can save even more on monthly payments or pay a lower down payment. Monthly payments rarely exceed $200 a month and the down payment is around $2,000 for entry-level cars.

YearMakeModelLease OffersExpiration
2020HondaCivic$250/month for 36 months, $0 due at signing11/2/2020
2020KiaSoul$169/month for 36 months, $2,699 due at signing11/2/2020
2020HyundaiVeloster$129/month for 36 months, $4,070 due at signing11/2/2020
2020NissanSentra$179/month for 36 months, $2,499 due at signing11/2/2020
2020VolkswagenJetta$169/month for 39 months, $3,499 due at signing11/2/2020




These offers may vary based on location, credit score, and financing terms and are not guaranteed. So use my free service to Check Discount Car Prices to get the best prices that include current manufacturer offers and incentives.