20 Best New Cars under $20,000

8. Toyota Corolla LE Plus
Starting price: $18,500

The Toyota Corolla is one of the best new cars on the market today for under $20,000. The long-established model sold by Toyota is one of the most efficient and dependable cars on the road today. The LE Plus model of the car is powered with a 1.8 liter four cylinder engine rated at 132 horsepower and is coupled to a gearless CVT automatic transmission. The overall fuel efficiency rating of the Corolla is above average with a 30 MPG (city) and 40 MPG (highway) overall rating. Consumers will also enjoy a number of features with the Corolla to include the Standard Pre-Collision System with Pedestrian Detection with the ability of the system to automatically brake the vehicle if the driver fails to do so.