Best Used Luxury Cars Under $20,000

2008 Chevrolet Corvette front view driving down the road
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These Are the Best Used Luxury Cars Available for Less Than $20,000

For shoppers on a tight budget, buying a used vehicle is one of the best ways to get the most bang for your buck. With new car prices averaging around $37,000, purchasing a used vehicle is one of the best ways to get the most for your money. While some new cars on the market are priced well below the average, finding a new luxury car for less than that is a difficult task.

Instead, buyers that are looking for upscale cabins, performance-oriented engines, and handsome designs that are normally associated with luxury vehicles can get their money to go further on the used market. The upscale interior designs from Audi, luxurious touches in a Mercedes-Benz, and powerful engines found in Cadillacs are all available for less than $20,000. Some of the vehicles on this list can be found for less than $5,000, really bringing you a lot for your money.

That might sound like it’s too good to be true, but we assure you, it is! Unlike other vehicles, luxury ones depreciate quickly, rapidly losing money after just a few years. That gives consumers the ability to find used luxury vehicles that once had massive starting price tags for less than a new Honda Civic.

If there’s one major thing to worry about when buying a used luxury car, it’s maintenance. Luxury vehicles already have high maintenance costs when new, and used vehicles require more maintenance than newer ones. It’s best to research a specific model’s common problems and associated repair costs before purchasing a used luxury vehicle to see if it’s still within budget.

As you read, bear in mind that our rankings are regularly updated as new information becomes available, so the scores you see here may not match those elsewhere on our site.

Click through the slideshow to see the best 12 used cars you can find for under $20,000.

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