Best Deals on New Cars Under $20,000 for February 2023

Best Deals Under 20KThere 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 2023. 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 February 2023.

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
2023HyundaiVenue$5002/28/23
2023HyundaiElantra$7502/28/23

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
2023HyundaiElantra2.90%48 months2/28/23
2023NissanVersa2.99%36 months2/28/23
2023HyundaiVenue3.49%60 months2/28/23
2023SubaruImpreza3.90%N/A months2/28/23
2023KiaForte2.90%48 months2/28/23

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
2023HyundaiElantra$219/month for 36 months, $3,299 due at signing2/28/23
2023KiaForte$229/month for 36 months, $2,799 due at signing2/28/23
2023SubaruImpreza$255/month for 36 months, $2,655 due at signing2/28/23
2023HyundaiVenue$199/month for 36 months, $3,299 due at signing2/28/23




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.