Car enthusiasts are always looking for a bargain. Nothing makes you feel better than when you’ve found the perfect car for a fair price. Most of us would love to own a brand new 2023 Chevy Corvette, although few of us would be able to afford the $70,000 price tag.

To those who aren’t particularly interested in cars, these bargains may seem outlandish. But, they result from intelligent shopping. Sure, your vehicle may be a bit older. Yet, with a few more miles on the clock, you’ll be smiling in an old Porsche while your co-workers have grown tired in new commuter sedans.

Some used cars here are not necessarily suitable investments or even intelligent purchases. For instance, a 10-year-old Porsche or Maserati will likely not be the most reliable car in the world. Sure, some used cars will cost you more in repair bills than you spent on the initial purchase of the vehicle. But hey, if you’re having fun, who cares?

UPDATE: 2023/10/11 15:13 EST BY MARTIN PETER

Inflation has driven the price of used cars through the roof. Some vehicles have seen a surge in popularity and cost, while others have noticed a drop in prices. As a result, we've needed to update this list to contain the fastest used cars you can buy for less than $20,000 in 2023.

We know that $20,000 can get you quite a lot on the used car market. These used cars are common on various car-selling websites across the country. While you may not be able to pick one of these up in your area for the exact prices listed, you can get pretty close. So, read on for the fastest used cars $20,000 can get, including sports cars, muscle cars, and sports sedans.

We used well-known sites like Kelley Blue Book, Edmunds, and Hagerty to find some of the most affordable fast cars gearheads can buy in the used car market.

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18 2014 Chevrolet Camaro SS

Used Price Range: $19,400 – $21,000

2010 Chevrolet Camaro SS
Hemmings

The Chevrolet Camaro SS is one hell of a car. Even better, in 2023, you can find one for less than $20,000. Featuring a massive 6.2-liter V8 engine, the SS can push 426 horsepower at 5,900 rpm.

Furthermore, the Camaro SS comes with a six-speed manual transmission and can hit 60 mph in 4.7 seconds, topping out at 170 mph. Since Chevrolet has announced that it's ending the Camaro's run, the 2014 Camaro SS will only gain value.

Engine Specs

Manufacturer

General Motors

Production Years

2010–2015

Configuration

V8

Displacement

6.2 liters

Power

426 hp

Torque

420 lb-ft

Fuel

Gasoline

Noteworthy Applications

Chevrolet Camaro SS

17 2006 Pontiac GTO

Used Price Range: $12,000 – $15,000

Red 2004 Pontiac GTO Parked Outside A Building
Bring a Trailer

As one of the most underrated American cars in the past two decades, the GTO may not impress with its styling. But its performance is nothing to scoff at. It's one of the remnants of Pontiac's legendary muscle car legacy and features a 400 hp V8. Crack open the throttle and the GTO will reach a top speed of 175 mph.

This makes it faster than smaller and more agile sports cars from Europe, such as the Porsche Boxster and even the BMW M3 and M4. Yet, its price tag doesn't reflect this performance at all. Well-maintained examples can be had for as little as $12,000.

Engine Specs

Manufacturer

General Motors

Production Years

2002–2006

Configuration

V8

Displacement

6.0 liters

Power

400 hp

Torque

400 lb-ft

Fuel

Gasoline

Noteworthy Applications

Chevrolet Corvette, Holden Monaro, Pontiac GTO

16 2013 BMW Z4 sDrive28i

Used Price Range: $19,000 – $22,000

Gold 2005 BMW Z4
Bring a Trailer

The Z4 is a small roadster that has proven itself one of the most popular offerings among entry-level sports cars for almost two decades. When it comes to maximizing your bang for the buck, the 2013 Z4 is the perfect model year to get.

Powered by a 2.0-liter turbocharged inline-four engine developing 241 horsepower, it will reach a top speed limited to 155 mph. Yet, decent examples hover around $18,000.

Engine Specs

Manufacturer

BMW

Production Years

2011–2016

Configuration

Inline-Four Turbo

Displacement

2.0 liters

Power

241 hp

Torque

258 lb-ft

Fuel

Gasoline

Noteworthy Applications

BMW Z4

15 2012 Mercedes-Benz E-Class E63 AMG

Used Price Range: $19,000 – $22,000

2011 Mercedes-Benz E63 AMG Sedan
Bring a Trailer

The E63 AMG is the go-to car if you live in Europe and can't get your hands on a classic American muscle car. It's just as powerful, featuring a massive 5.5-liter twin-turbo V8 pushing out 518 horsepower.

Still, if you aim to go fast in a straight line for as cheap as possible, this is the car you should get. The E63 AMG is well-known for its top speed of 200 mph with the electronic limiter removed.

Engine Specs

Manufacturer

Mercedes-Benz

Production Years

2011–2013

Configuration

Twin-Turbo V8

Displacement

5.5 liters

Power

518 hp

Torque

516 lb-ft

Fuel

Gasoline

Noteworthy Applications

Mercedes-Benz E-Class E 63 AMG

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14 2010 Mercedes-Benz SLK 55 AMG

Used Price Range: $19,000 – $23,000

2009 Mercedes-Benz SLK55 AMG - Side Profile
Mercedes-Benz

If you want a fast Mercedes-Benz but in a smaller and sleeker package than the E63 AMG offers, the SLK AMG 55 is a great choice. Buyers looking for an insane amount of power and tire smoke should opt for the AMG version of the SLK. A 2010 Mercedes-Benz SLK 55 AMG will cost you about $20,000 according to kbb, which is on the higher end of our budget.

But, with the prestige and power of the AMG badge, who could turn this deal down? Furthermore, it is available in a convertible, meaning that with the top down, you’ll be able to hear the sweet sound of that AMG exhaust.

Engine Specs

Manufacturer

Mercedes-Benz

Production Years

2004-2011

Configuration

V8

Displacement

5.4 liters

Power

355 hp

Torque

376 lb-ft

Fuel

Gasoline

Noteworthy Applications

Mercedes-Benz SLK 55 AMG

13 2004 Chevrolet Corvette

Used Price Range: $17,500 – $20,000

Chevrolet Corvette C5 used car
Chevrolet

Buyers looking for an iconic ride on a budget need to look no further than the fifth-generation Chevrolet Corvette. Rear-wheel drive, a light body, and a powerful V8 engine combine to create a sports car known the world over.

With prices for the final model year of the C5 starting at around $17,000, it's one of the most affordable American sports cars. Cheap parts and a thriving aftermarket make this coupe accessible to just about anyone on a budget, from students to retirees.

Engine Specs

Manufacturer

General Motors

Production Years

1997–2004

Configuration

V8

Displacement

5.7 liters

Power

350 hp

Torque

360 lb-ft

Fuel

Gasoline

Noteworthy Applications

Chevrolet Corvette

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12 2006 Maserati Coupe Cambiocorsa

Used Price Range: $13,000 – $16,000

Maserati GT Cambiocorsa
Mecum Auctions

This is perhaps one of the more exotic offerings on this list. It may also surprise buyers to know that they can find a car like this for such a reasonable price, although your mechanic’s bill may end up costing you more than the actual car itself.

A 2006 Maserati GT Cambiocorsa can be yours for under $16,000, which is quite a deal for this Italian stallion. With a sports exhaust and a wax, this may be the most fun you can have for $16,000.

Engine Specs

Manufacturer

Ferrari/Maserati

Production Years

2001–2007

Configuration

V8

Displacement

4.2 liters

Power

385 hp

Torque

332 lb-ft

Fuel

Gasoline

Noteworthy Applications

Maserati Coupe

11 2014 Dodge Challenger SRT8

Used Price Range: $19,000 – $21,500

2011 Dodge Challenger SRT8
 Gravity Autos Sandy Springs 

If you’re still pining for a taste of US muscle, the Dodge Challenger SRT8 is here to satiate you. This is quite a fast ride and is a bargain for the speed it brings to the table. Buyers may find themselves stretching their budget, with 2014 examples going for around $20,000.

The Challenger is universally loved, and if you want to dominate every drag strip you visit, then this is the car for you. Strong looks and a powerful engine are undoubtedly appealing.

Engine Specs

Manufacturer

Chrysler

Production Years

2011-2015

Configuration

V8

Displacement

6.4 liters

Power

470 hp

Torque

470 lb-ft

Fuel

Gasoline

Noteworthy Applications

Dodge Challenger, Dodge Charger

10 2012 Mitsubishi Lancer Evolution MR

Used Price Range: $15,000 – $18,000

2014 Mitsubishi Lancer Evolution
Mitsubishi

If you are dead set on a fast Mitsubishi, you may want to look at the Lancer Evo MR. The Mitsubishi Evo is like the Subaru WRX. Both feature turbochargers, and have roots in rally driving, and are reliable sedans. Still, it's the Evo you'll buy if you want a cheap JDM sports car that's faster than most American muscle cars.

The Evo is more performance-oriented, whereas the WRX is a touch more manageable. It is a little newer on this list, and buyers looking for a quick, reliable AWD car will be happy with either option. A 2012 model year can be had for $18,000.

Engine Specs

Manufacturer

Mitsubishi

Production Years

2007-2016

Configuration

Turbocharged Inline-Four

Displacement

2.0 liters

Power

291 hp

Torque

300 lb-ft

Fuel

Gasoline

Noteworthy Applications

Mitsubishi Lancer Evolution

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9 2013 Subaru Impreza WRX STI

Used Price Range: $16,500 – $19,000

2012 Subaru Impreza WRX STi 2 Cropped
Subaru

The STI is a regular bargain for about $16,000 for the 2013 model year. Perhaps pricey for an older Subaru, but well worth it for the speed you get. This is likely the car of choice for buyers in areas that receive snow – it’s hard to do better than a WRX. They are affordable, reliable, and fast, getting you from your home to the ski resort without batting an eye.

The older models still have the same oomph as the newer ones, so why not go for a 2013 model and save a bit of money?

Engine Specs

Manufacturer

Subaru

Production Years

2007–2014

Configuration

Turbocharged Flat-Four

Displacement

2.5 liters

Power

305 hp

Torque

290 lb-ft

Fuel

Gasoline

Noteworthy Applications

Subaru Impreza WRX STI

8 2014 Ford Mustang GT

Used Price Range: $19,000 – $21,500

2005 Ford Mustang GT in Silver
Ford

For buyers on a budget, this iconic American racer is a steal for under our $20,000 budget. Despite being almost a decade old, the 2014 Ford Mustang GT can still deliver exceptional performance for the money.

The Mustang is an icon idolized by car enthusiasts young and old. Owning one is sure to get some envious but joyful looks when you cruise down the street. There is a booming aftermarket for modifications, and it’s easy to make this car look unique and go even faster.

Engine Specs

Manufacturer

Ford

Production Years

2013–2014

Configuration

V8

Displacement

5.0 liters

Power

420 hp

Torque

390 lb-ft

Fuel

Gasoline

Noteworthy Applications

Ford Mustang GT

7 2006 Cadillac XLR

Used Price Range: $17,000 – $21,000

Cadillac XLR
Cadillac

The Cadillac XLR is an underrated American sports car that doesn’t receive much attention. The stylish and sporty coupe is one of the more unique rides on the road and spiced up Cadillac’s lineup.

It’s a bit older, and buyers shopping under a $20,000 budget will likely end up with a 2006 model year. This car will cost you about $17,000, and newer XLRs can climb quite a bit higher than that.

Engine Specs

Manufacturer

Cadillac

Production Years

2004–2009

Configuration

V8

Displacement

4.6 liters

Power

320 hp

Torque

310 lb-ft

Fuel

Gasoline

Noteworthy Applications

Cadillac XLR

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6 2012 Lexus IS 350C Convertible

Used Price Range: $16,000 – $18,500

Lexus IS 350 C
Top Speed

The Lexus IS 350C is a somewhat unusual offering from Lexus, but it makes this list nonetheless. Buyers in search of a Japanese ride can find a 2012 model year for about $16,000, which is a pretty good deal for this car.

The Lexus will last you many years, and you’ll continue to get looks when you pull up to the country club, especially with the top down. Style, power, and reliability make this Lexus a desirable ride for anyone.

Engine Specs

Manufacturer

Toyota

Production Years

2009–2015

Configuration

V6

Displacement

3.5 liters

Power

306 hp

Torque

277 lb-ft

Fuel

Gasoline

Noteworthy Applications

Lexus IS 350 C

5 2013 Jaguar XJ XJL Ultimate

Used Price Range: $17,500 – $20,500

Silver Jaguar XJ V8 stationary
Jaguar

A budget of $20,000 can put you in a serious luxury car, as is the case with this Jaguar XJ. Buyers can get a 2013 Jaguar XJ XJL Ultimate for that price, which will make them feel as though they’re in a much more expensive car.

The 2013 Jaguar XJ XJL Ultimate can be costly to maintain, but for the power, prestige, and luxury that you receive, it's a sacrifice worth making.

Engine Specs

Manufacturer

Jaguar

Production Years

2011-2019

Configuration

Supercharged V8

Displacement

5.0 liters

Power

503 hp

Torque

461 lb-ft

Fuel

Gasoline

Noteworthy Applications

Jaguar XJ

4 2008 BMW M3

Used Price Range: $17,000 – $19,500

Silver BMW M3 driving
BMW

Last, but certainly not least, we have the M3 – one of BMW's best driver's cars. This highly sought-after German sports car can be yours for roughly $20,000. Naturally, you’re looking at 2008 model years or lower. Compared to its peers, the M3 is a performance-oriented choice that isn’t as stuffy as a sporty sedan.

This car will push you into the seat and keep you pinned there on whatever journey you're on. The speed is electrifying – this is one of the fastest cars you can get for this price.

Engine Specs

Manufacturer

BMW

Production Years

2007-2013

Configuration

Straight-Six

Displacement

4.0 liters

Power

414 hp

Torque

295 lb-ft

Fuel

Gasoline

Noteworthy Applications

BMW M3

3 2014 Dodge Charger SRT8

Used Price Range: $19,500 - $21,500

2012 Dodge Charger SRT8
Chrysler 

In the early 2000s, Dodge wanted to re-ignite public interest in its cars, so it hatched a plan to revive one of its most popular muscle car nameplates - the Charger. The Charger was quite controversial when it debuted in 2005, largely because it was a large sedan that didn't look anything like the old Charger from the late '60s.

Thankfully, the Charger made up for it in the power department, particularly if you got the high-performance SRT8 trim. In 2014, the Charger SRT8 had a 6.4-liter Hemi V8 engine dishing out 470 hp, giving it a 0-60 of just over 4 seconds and a top speed of 175 mph.

Engine Specs

Manufacturer

Dodge

Production Years

2008-2014

Configuration

V8

Displacement

6.4 liters

Power

470 hp

Torque

470 lb-ft

Fuel

Gasoline

Noteworthy Applications

2011-2014 Chrysler 300 SRT8, 2011-2014 Dodge Challeger SRT8

2 2013 Nissan 370Z

Used Price Range: $17,000 - $19,500

2013 Nissan 370Z
Nissan

The Nissan Z has been a vital part of the Japanese marque's lineup since the '60s when the first generation - the legendary Datsun 240Z - hit the streets. The current Nissan Z generation debuted in 2022 and has maintained its predecessors' reputation for offering exquisite looks and insane speed at a much more affordable price than European sports cars.

However, a new Z costs more than $40,000, which is why we recommend the 370Z instead. Powered by a 3.7-liter V6 engine sending 332 hp to the rear wheels via a six-speed manual transmission, the 370Z is sure to leave a smile on your face. If that's not enough for you, the 370Z is among the best Japanese project cars and has a wealth of aftermarket parts to make it even faster.

Engine Specs

Manufacturer

Nissan

Production Years

2009-2020

Configuration

V6

Displacement

3.7 liters

Power

332 hp

Torque

270 lb-ft

Fuel

Gasoline

Noteworthy Applications

Infiniti G37 (2008-2013), Infiniti Q50 (2014-2020)

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1 2005 Mercedes-Benz SL 55 AMG

Used Price Range: $15,500 - $19,500

2004 mercedes benz sl55 amg
Bring a Trailer

The AMG badge is an easy way to tell that the car you're looking at is fast, especially when it's on the longest-running Mercedes-Benz sports car model - the SL Class. This is why it's so easy to recommend the 2005 SL 55 AMG to anyone looking for an incredibly fast German sports car under $20,000.

For that low amount, you get a stylish sports car with a retractable hardtop, many luxury features, and a monstrous 5.4-liter supercharged V8 engine making almost 500 hp. Maintenance costs might be a bit high for this car, but if you can keep it on the road it's a blast to drive.

Engine Specs

Manufacturer

Mercedes-Benz

Production Years

2002-2008

Configuration

Supercharged V8

Displacement

5.4 liters

Power

493 hp

Torque

516 lb-ft

Fuel

Gasoline

Noteworthy Applications

Mercedes-Benz E55 AMG (2003-2006), Mercedes-Benz SLK55 AMG (2005-2010)