No matter whether you’re actively shopping for a new car or just keeping your eye on your next possible vehicle online, you want to find the best bang for your hard-earned bucks.
U.S. News & World Report has just released its 2020 Best Cars for the Money Awards, which highlights the best new vehicles that will take your money the furthest. Of course, money isn’t everything…
Report: Here Are the 2020 Best Cars for the Money
In addition to price, the report focused on the best value and quality found in 11 different automotive classes, including cars, SUVs and minivans.
Each model’s value was measured by real-time transaction prices and five-year cost of ownership data. The vehicles were given an overall score for quality based on the collective opinion of the automotive press, safety ratings and other factors.
Kia led the pack with four awards, followed by Toyota (three) and Honda (two). Let’s take a look at the complete list:
|2020 Hyundai Santa Fe||Best 2-Row SUV for the Money|
|2020 Kia Sorento||Best 3-Row SUV for the Money|
|2020 Kia Forte||Best Compact Car for the Money|
|2020 Honda CR-V||Best Compact SUV for the Money|
|2020 Toyota Corolla Hybrid||Best Hybrid and Electric Car for the Money|
|2020 Toyota RAV4 Hybrid||Best Hybrid and Electric SUV for the Money|
|2020 Chevrolet Impala||Best Large Car for the Money|
|2020 Toyota Camry||Best Midsize Car for the Money|
|2020 Kia Sedona||Best Minivan for the Money|
|2020 Honda Fit||Best Subcompact Car for the Money|
|2020 Kia Soul||Best Subcompact SUV for the Money|
U.S. News Best Cars Executive Editor Jamie Page Deaton says fixating on price has its benefits, but it’s best to take a balanced view.
“Cars with low price tags aren’t always good values,” Deaton says. “A cheap car can have high ownership costs, making it more expensive in the long run. Plus, a lot of inexpensive cars don’t give you a great ownership experience; it’s not a good deal if it’s not a good car. Every Best Car for the Money winner is a pleasure to own and a good value overall.”
Before you make a decision, money expert Clark Howard says it’s very important for you to check the vehicle’s reliability, financing options and what it costs to insure it.
If you’re thinking about buying a new vehicle sometime soon, check out Clark’s 5 steps to buying a new car.