Buying a car under $20,000 can be a smart financial decision for several reasons:
It keeps your upfront cost low, freeing up funds for other needs or future upgrades.
More affordable cars typically depreciate slower, meaning you lose less money when you eventually sell.
Generally, cheaper cars translate to lower insurance premiums.
Repairs and maintenance tend to be less expensive on simpler, older models.
With a $20,000 budget, you can still find reliable and fuel-efficient cars from various manufacturers and models.