New Report: Here Are the Best Used Cars for 2020

Best Used Cars for 2020

You may be thinking about buying a new car for the new year, but money expert Clark Howard says used cars often offer the best deals.

That’s because used cars are cheaper on the front end since someone has already eaten much of the depreciation. To that end, car review site iSeeCars.com recently released an analysis of the best used cars for 2020.

The lists — which are made up of cars that “have demonstrated long-term reliability, hold their value the best, and have an average safety rating of at least 4.0 stars out of 5.0 from the National Highway Traffic Safety Administration (NHTSA)” — cover a wide range of vehicle types, from SUVs to sedans and luxury cars.

In this article, we’ll reveal the best overall used cars for 2020, as well as breakdowns by two price points: vehicles under $15,000 and those under $20,000.

Some of the key findings from the survey:

  • Overall, four out of the best nine cars for 2020 are Toyotas
  • Among vehicles five years old and under $15,000, Toyota takes four of the top seven spots
  • Among used vehicles under $20,000, Honda has three models that rank among the eight best

Let’s look first at the list of best overall used cars for 2020, according to iSeeCars.com:

Report: Best Used Cars for 2020

Category Winner Runner-Up
Best Used SUV Toyota 4Runner Toyota Highlander
Best Used Passenger Car Honda Civic Toyota Corolla
Best Used Pickup Truck Toyota Tacoma Honda Ridgeline
Best Used Minivan Toyota Sienna Honda Odyssey
Best Used Sports Car Ford Mustang Dodge Charger
Best Used Hybrid Car Toyota Prius Toyota Camry Hybrid
Best Used EV Tesla Model S Chevrolet Volt
Best Used Luxury Car Lexus ES 350 Mercedes-Benz E-Class
Best Used Luxury SUV Acura MDX Volvo XC90

Now let’s look at two of the more specific lists — the best used cars under $15,000 and best under $20,000 — to see which of those vehicles offer the greatest value:

Report: Best Five-Year-Old Used Cars Under $15,000 for 2020

Vehicle Type Average Price
Honda Accord Passenger Car $14,242
Toyota Prius Hybrid $13,460
Subaru Legacy Passenger Car $13,151
Toyota Camry Passenger Car $13,033
Honda Civic Passenger Car $12,518
Toyota Corolla Passenger Car $11,599
Toyota Yaris Passenger Car $8,804

If your budget is a little bigger, more models become available, including luxury cars:

Report: Best Five-Year-Old Used Cars Under $20,000 for 2020

Vehicle Type Average Price
Honda Pilot SUV $19,677
Honda Odyssey Minivan $18,960
Toyota Sienna Minivan $18,523
Ford Mustang Sports Car $17,226
BMW 3 Series Luxury Car $16,766
Audi A4 Luxury Car $16,608
Honda CR-V SUV $16,013
Buick LaCrosse Luxury Car $15,680

For the other lists from the survey, see iSeeCars.com here.

Here’s Clark’s Experience Buying a Used Car

Clark says buying a pre-owned vehicle — even if it’s been out only two years — can save you a lot of money. In fact, he did just that.

“We bought [a minivan] two model years back — I guess four years ago, we bought a 2014 when the 2016s were on the lots and got an enormous discount,” he says.

And Clark says this is the key to making a pre-owned vehicle worth your while:

“The only way it works for you as a consumer is that you keep that vehicle for a very long time because vehicles depreciate quicker based on model year than they do based on the mileage on the odometer,” he says.

If you’re thinking about buying a pre-owned vehicle, here is all you need to know about buying a used car in seven steps.

More Car Articles on Clark.com:

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