Cars You Can Buy for Under $20k in 2024

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You’ve got a need for speed, but your wallet is light. Not to worry – there are still some great options out there for fast and affordable cars even in 2024. I’ve put together a list of the 10 fastest and cheapest cars available for under $20,000 next year. These zippy rides offer great performance without breaking the bank.

Whether you’re a college student looking for your first set of wheels, a parent shopping for a graduation gift, or a budget enthusiast seeking thrills, this list has something for you. Read on to discover the best bargains on fast wheels you can buy brand new for 20 large or less in 2024.

1. 2024 Hyundai Veloster N – From $21,500

2024 Hyundai Veloster - Right Decisions

The Veloster N is Hyundai’s hottest hatch. It posts 0-60 mph times of around 5.5 seconds thanks to its turbocharged 2.0-liter engine pumping out 275 hp. The Veloster N comes with a 6-speed manual transmission for engaging driving. With its aggressive exterior styling and track-tuned handling, the Veloster N looks and feels like a proper hot hatch. Learn more

2. 2024 VW Jetta GLI – From $25,990

2024 VW Jetta GLI - Right Decisions

The Jetta GLI builds on the regular Jetta compact sedan, adding performance and attitude. Its turbo 2.0-liter engine develops 228 hp and 258 lb-ft torque, which allows 0-60 mph sprints in the low 6-second range. A 6-speed manual gearbox keeps things exciting. The Jetta GLI combines practicality with punch for an affordable fast and fun daily driver. Learn more

3. 2024 Subaru WRX – From $28,395

2024 Subaru WRX - Right Decisions

The WRX is a legend among affordable performance cars. In base trim, the 2024 WRX produces 271 hp from its turbo 2.0-liter boxer engine, good for 0-60 mph in around 5 seconds flat. Standard all-wheel drive means tenacious grip and handling. And of course, the signature WRX rally-car burble from its exhaust. The WRX mixes speed and practicality like few others. Learn more

4. 2024 Ford Mustang EcoBoost – From $27,205

2024 Ford Mustang EcoBoost - Right Decisions

America’s favorite pony car offers impressive acceleration at this price point. The four-cylinder turbo EcoBoost engine churns out 310 horsepower and 350 lb-ft of torque. Even without the V8, the EcoBoost can still sprint to 60 mph in around 5 seconds. The Mustang brings rear-wheel-drive handling, style, and that muscular exhaust note. Learn more

5. 2024 Honda Civic Si – From $25,925

2024 Honda Civic Si- Right Decisions

The Honda Civic Si focuses on driving purism. Its 1.5-liter turbo engine makes 200 hp and 192 lb-ft torque, which allows 0-60 mph in about 6.5 seconds. The slick 6-speed manual transmission maximizes driver involvement. While not as fast in a straight line as some others, the Si is a handling sweetheart. And that Honda reliability brings peace of mind. Learn more

6. 2024 Mazda 3 Turbo – From $30,835

2024 Mazda 3 Turbo - Right Decisions

The Mazda 3 Turbo packs a 2.5-liter turbo engine good for 250 hp and 320 lb-ft of torque in an upscale compact package. The all-wheel drive system provides stability and traction off the line, allowing 0-60 mph in the low 6-second range. Mazda’s upmarket interior and slick handling make this an excellent affordable sports sedan. Learn more

7. 2024 Kia Forte GT – From $22,990

2024 Kia Forte GT - Right Decisions

Often overlooked, the Kia Forte GT offers some serious bang for the buck. Its 1.6-liter turbocharged engine generates 201 hp and 195 lb-ft of torque enabling 0-60 mph in around 6.7 seconds. The GT’s sport-tuned suspension provides nimble handling. Combined with standout tech and premium features at this price, the Forte GT is a performance bargain. Learn more

8. 2024 Volkswagen Golf GTI – From $30,540

2024 Volkswagen Golf GTI- Right Decisions

Perhaps the quintessential hot hatch, the Golf GTI provides iconic German engineering in a practical package. Powered by a 2.0-liter turbo EA888 engine making 241 hp and 273 lb-ft torque, the Golf GTI hits 60 mph in under 6 seconds. Engineered for crisp handling and driver enjoyment, the GTI embodies affordable performance done right. Learn more

9. 2024 Hyundai Elantra N Line – From $22,700

2024 Hyundai Elantra N Line -Right Decisions

The Elantra N Line’s sporty variants make it the best performance bargain here. Its 1.6-liter turbo engine generates 201 hp and 195 lb-ft of torque, enabling 0-60 mph runs in the low 7-second range. Standard six-speed manuals maximize driver involvement. Standout tech and features at this price make the Elantra N-Line a compelling value. Learn more

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10. 2024 Toyota GR86 – From $30,825

2024 Toyota GR86 - Right Decision

Toyota’s rear-wheel-drive sports coupe was co-developed with Subaru and channels pure driving fun. Its naturally aspirated 2.4-liter boxer engine develops 228 hp and 184 lb-ft of torque for 0-60 mph in around 6.5 seconds. With incredible balance and featherlight handling, the GR86 is engineered to delight driving enthusiasts on a budget. Learn more

Summarizing all the cars together and with detailed comparision.

The table summarizes some key performance specs for easy comparison between the fastest cheap cars.

Make/ModelEngineHP0-60 mphTransmissionDrive TypeStarting MSRP
Hyundai Veloster N2.0L Turbo I4275 hp5.5 sec6-speed manualFWD$21,500
VW Jetta GLI2.0L Turbo I4228 hp6.3 sec6-speed manualFWD$25,990
Subaru WRX2.0L Turbo Boxer-4271 hp5.0 sec6-speed manualAWD$28,395
Ford Mustang EcoBoost2.3L Turbo I4310 hp5.1 sec6-speed manualRWD$27,205
Honda Civic Si1.5L Turbo I4200 hp6.5 sec6-speed manualFWD$25,925
Mazda 3 Turbo2.5L Turbo I4250 hp6.1 sec6-speed autoAWD$30,835
Kia Forte GT1.6L Turbo I4201 hp6.7 sec6-speed manualFWD$22,990
VW Golf GTI2.0L Turbo I4241 hp5.7 sec6-speed manualFWD$30,540
Hyundai Elantra N Line1.6L Turbo I4201 hp7.2 sec6-speed manualFWD$22,700
Toyota GR862.4L Flat-4228 hp6.5 sec6-speed manualRWD$30,825

And there you have it – my picks for the fastest and cheapest cars available for under $20k in 2024. From hot hatches to sports coupes, this list offers performance bargains to match a wide range of driving tastes and needs. Test drive a few at your local dealership to pick the one that speaks to you. Then get ready to enjoy some big speed thrills on a small budget!

Some Queries you might arise in your Mind after reading this aricle.

Q: What is the fastest car I can buy for under $20,000?

A: For 2024, the Subaru WRX is one of the quickest for the money with 0-60 mph in around 5 seconds flat.

Q: What affordable sports cars are coming out in 2024?

A: Exciting affordable sports cars arriving in 2024 include the Toyota GR86 coupe and Hyundai Elantra N-Line sedan.

Q: What is the quickest 0-60 car for under $20k?

A: The Subaru WRX and Ford Mustang EcoBoost both hit 60 mph in about 5 seconds, making them very quick for the price.

Q: What new 2024 car has the best performance for the money?

A: The Mazda 3 Turbo is hard to beat – with 250 hp and AWD, it sprints to 60 mph in the low 6-second range despite costing under $30k.

Q: Are there any good cheap sports cars with manual transmissions?

A: Yes, the Subaru WRX, Honda Civic Si, Volkswagen GTI and several others on this list offer manual gearboxes.

Q: Which affordable car has the best handling and cornering abilities?

A: The lightweight Toyota GR86 sports coupe is engineered for incredible balance and precision handling.

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