20 Best New Cars under $20,000

12. Mitsubishi Lancer
Starting price: $17,795

The Mitsubishi Lancer is one of the top new cars sold today for less than $20,000. Mitsubishi has invested a significant amount of effort (and money) into the elegant and stylish design of the Lancer making it appear as though the car is worth more than its $20K price point. The auto is powered by a 2.0 liter four cylinder engine that is rated at 148 horsepower. The overall fuel efficiency rating of the car is 27 MPG (city) and 34 MPG (highway) with a 14.5 gallon fuel tank capacity. The interior of the vehicle has a generic design unless paying additional money to get one of the upgraded models of the Lancer.