Best Deals on New Cars Under $20,000 for December 2024
I am a serial entrepreneur and a consumer advocate. When I’m not helping car buyers, I love working on ventures that have a positive impact.
I run a cause marketing agency and serve on the board of Vayu Global Health where we are disrupting the medical industry and preventing the needless deaths of mothers and babies during childbirth.
There 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 2024. 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.
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Best Cash Back Deals on Cars Under $20,000 Right Now
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 December 2024.
Tip: To truly get a good deal, you’ll want to get prices from several dealerships. (click the orange button above and Get Prices).
| Year | Make | Model | Cash Incentives (up to) | Expiration |
|---|---|---|---|---|
| 2024 | Kia | Forte | $1,000 | 1/2/25 |
| 2024 | Hyundai | Venue | $250 | 12/2/24 |
| 2024 | Hyundai | Elantra | $1,500 | 1/2/25 |
Best Finance Deals on Cars Under $20,000 Right Now
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.
| Year | Make | Model | Best Avail. APR | Length | Cash Bonus | Expiration |
|---|---|---|---|---|---|---|
| 2024 | Hyundai | Elantra | 0.00% | 48 months | 1/2/25 | |
| 2024 | Hyundai | Venue | 4.90% | 60 months | 1/2/25 | |
| 2024 | Kia | Forte | 2.90% | 48 months | 1/2/25 |
Best Lease Deals on Cars Under $20,000 Right Now
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.
| Year | Make | Model | Lease Offers | Expiration |
|---|---|---|---|---|
| 2024 | Hyundai | Elantra | $159/month for 36 months, $3,999 due at signing | 1/2/25 |
| 2024 | Kia | Forte | $199/month for 36 months, $3,499 due at signing | 1/2/25 |
| 2024 | Hyundai | Venue | $229/month for 36 months, $3,499 due at signing | 1/2/25 |
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.
