10 Best Used Hybrids Under $20,000 With Low Ownership Costs

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10 Best Used Hybrids Under ,000 With Low Ownership Costs

2019 Hyundai Ioniq Hybrid Rear Three Quarter

Hybrid vehicles are some of the most practical options for drivers who want to balance fuel efficiency with a low cost of ownership. In recent years, automakers such as Toyota, Hyundai, Kia, Ford, and Honda have invested heavily in hybrid models that combine these traits. For many buyers, the question isn’t whether to choose a hybrid—it’s which one offers the best blend of value, driving experience, and long-term reliability.

When comparing hybrids, the total cost of ownership (TCO) is just as important as the sales price. TCO takes into account not only the upfront purchase cost, but also expenses like fuel, insurance, depreciation, and maintenance over time. Some models may appear affordable at first glance but carry higher long-term costs, while others deliver better value across years of ownership. This makes TCO a critical metric for budget-conscious shoppers who want a car that won’t surprise them with unexpected expenses and provides the best bang for their buck.

The sweet spot for affordable hybrids is just under $20,000. There are plenty of options to choose from, many of which are 2020 or newer models with lower-than-average depreciation. The 10 on this list not only rank high for low cost of ownership but are also among the most popular models on the road today.

To provide the most up-to-date and accurate information possible, the data used to compile this article was sourced from various manufacturers and other authoritative sources, including Kelley Blue Book, CarEdge, and the EPA. Models are listed from the highest cost to the lowest.

2020 Kia Optima Hybrid

Total Cost Of Ownership: $37,285

Base Trim Engine: 2.0L Inline-4 Hybrid
Base Trim Transmission: 6-Speed Automatic
Base Trim Drivetrain: Front-Wheel Drive
Base Trim Horsepower: 192 hp
Base Trim Torque: 271 lb-ft @ 1770 rpm
Fuel Economy: 40/45 MPG
Make: Kia
Model: Optima Hybrid
Segment: Midsize Sedan

Infotainment & Features

9 /10

The Kia Optima Hybrid makes a statement with its sleek and handsome styling, but the beauty is more than skin deep. It delivers up to 45 mpg from a 2.0-liter engine. Not just frugal on gas, the Optima is easy to live with thanks to its low cost of ownership.

Inside, the Optima Hybrid offers a spacious cabin with user-friendly technology, including an intuitive infotainment system with Apple CarPlay and Android Auto. Kia renamed the Optima for the 2021 model year, branding it the K5. However, regardless of what you call it, it’s one of the best vehicles in the midsize hybrid segment.

Strengths	Weaknesses
Handsome exterior styling Spacious, ergonomic interior Respectable performance	Hybrid battery takes up trunk space Not as refined as other hybrids Not the most efficient hybrid in its class

2022 Hyundai Sonata Hybrid

Total Cost Of Ownership: $35,500

Base Trim Engine: 2.0L Inline-4 Hybrid
Base Trim Transmission: 6-Speed Automatic
Base Trim Drivetrain: Front-Wheel Drive
Base Trim Horsepower: 150 hp
Base Trim Torque: 139 lb-ft @ 5000 rpm
Fuel Economy: 50/54 MPG
Make: Hyundai
Model: Sonata Hybrid
Segment: Midsize Sedan

Most of what’s said about the Kia Optima applies to the 2022 Hyundai Sonata Hybrid–distinctive styling, spacious interior, and lots of value. Where they differ is in execution. While the Optima has a sportier driving experience, the Sonata is more refined and fuel-efficient.

Red 2022 Hyundai Sonata Hybrid dynamic on road

If you have a budget of $20,000, the Sonata is hard to beat thanks to its low operating costs and impressive fuel economy of up to 54 mpg. The interior is composed of high-quality materials and features a comprehensive list of standard amenities. Regardless of which trim level you pick, it’s a vehicle built for daily life.

Strengths	Weaknesses
Impressive fuel efficiency Premium quality materials Long list of standard features	Odd front-end styling Not as sporting as the Kia Optima Not as refined as other vehicles on this list

2020 Toyota Camry Hybrid

Total Cost Of Ownership: $34,500

Base Trim Engine: 2.5L Inline-4 Hybrid
Base Trim Transmission: Continuously Variable Automatic (CVT)
Base Trim Drivetrain: Front-Wheel Drive
Base Trim Horsepower: 208 hp
Base Trim Torque: 163 lb-ft @ 3600 rpm
Fuel Economy: 51/53 MPG
Make: Toyota
Model: Camry Hybrid
Segment: Midsize Sedan

Infotainment & Features

8 /10

Few cars combine refinement, reliability, and low operating costs as well as the Toyota Camry Hybrid. Powered by a 2.5-liter four-cylinder engine paired with an electric motor, it generates 208 horsepower while delivering up to 53 mpg–almost as much as the smaller Prius.

A rear three-quarter shot of a 2021 Toyota Camry Hybrid in a studio.

As Toyota’s mainstay sedan, the Camry Hybrid undergoes continual refinement with each successive generation, improving on the previous one. A host of standard features, including an intuitive infotainment system and Toyota Safety Sense, augment its comfortable interior. Regardless of trim level, it delivers strong value, making it a top-tier choice.

Strengths	Weaknesses
Lexus-like refinement Impressive fuel economy Reputation for dependability	Bland driving experience Overwrought styling Pricey higher trim levels

2019 Kia Niro Hybrid

Total Cost Of Ownership: $34,500

Base Trim Engine: 1.6L Inline-4 Plug-in Hybrid
Base Trim Transmission: 6-Speed Automatic
Base Trim Drivetrain: Front-Wheel Drive
Base Trim Horsepower: 139 hp
Base Trim Torque: 195 lb-ft @ 2400 rpm
Fuel Economy: TBC
Make: Kia
Model: Niro Plug-In Hybrid
Segment: Compact SUV

Buyers seeking a small, efficient crossover should check out the Kia Niro Hybrid. It delivers up to 52 mpg, and its compact size makes it easy to maneuver in urban environments, while providing generous cargo space and flexible seating arrangements.

2019 Kia Niro Plug-in Hybrid Front Three Quarter

Wrapped in attractive sheetmetal, the Niro offers modern infotainment options, and safety features include lane-keeping assist and forward collision warning. With its low ownership costs, the Niro Hybrid appeals to budget-conscious buyers who want practicality and value.

Strengths	Weaknesses
Excellent fuel economy Crossover practicality Small footprint	Unenthusiastic driving experience Base model lacks features Quality of materials is a mixed bag

2020 Ford Fusion Hybrid

Total Cost Of Ownership: $33,145

Base Trim Engine: 2.0L Inline-4 Hybrid
Base Trim Transmission: Continuously Variable Automatic (CVT)
Base Trim Drivetrain: Front-Wheel Drive
Base Trim Horsepower: 188 hp
Base Trim Torque: 129 lb-ft @ 4000 rpm
Fuel Economy: 43/41 MPG
Make: Ford
Model: Fusion Hybrid
Segment: Midsize Sedan

Infotainment & Features

9 /10

At one time, Ford’s stable was full of regular cars, not named Mustang, such as the Focus, Fiesta, and Fusion. Built to compete with the Toyota Camry and Honda Accord, the Fusion Hybrid blends fuel economy and style in a midsize package.

The Fusion is often overlooked, making it a bargain waiting to be found. In addition to style and practicality, it is also affordable to live with. Those attributes make it a strong option on the used market for buyers seeking a comfortable and well-rounded hybrid sedan.

Strengths	Weaknesses
Distinctive styling Rewarding to drive Affordable to live with	Cheap-ish interior trim The newest models are more than five years old Base trim lacks a touchscreen

2020 Toyota Prius

Total Cost Of Ownership: $31,886

Base Trim Engine: 1.8L Inline-4 Hybrid
Base Trim Transmission: Continuously Variable Automatic (CVT)
Base Trim Drivetrain: Front-Wheel Drive
Base Trim Horsepower: 121 hp
Base Trim Torque: 105 lb-ft @ 3600 rpm
Fuel Economy: 58/53 MPG
Make: Toyota
Model: Prius
Segment: Compact Hatchback

Infotainment & Features

8 /10

The Toyota Prius almost single-handedly created the hybrid market. There were, and are, other hybrid vehicles, but the Prius defined the segment with class-leading fuel economy, room for four to five people, and a decent trunk. It’s also a miser when it comes to ownership costs and is capable of racking up some impressive miles on the odometer.

A white 2020 Toyota Prius hybrid hatchback.

Today, there are plenty of alternatives to the Prius, many of which are on this list. Some of these vehicles rank higher in terms of cost of ownership or driving experience, but few vehicles match the Prius for green cred and making a statement on environmental sustainability while also providing inexpensive transportation.

Strengths	Weaknesses
Green car credibility Hatchback practicality Impressive long-term dependability	Ugly duckling styling Small back seat Numb driving experience

2022 Honda Insight

Total Cost Of Ownership: $31,800

Base Trim Engine: 1.5L Inline-4 Hybrid
Base Trim Transmission: Continuously Variable Automatic (CVT)
Base Trim Drivetrain: Front-Wheel Drive
Base Trim Horsepower: 151 hp
Base Trim Torque: 99 lb-ft @ 5000 rpm
Fuel Economy: 55/49 MPG
Make: Honda
Model: Insight
Segment: Compact Hatchback

Infotainment & Features

7 /10

Another founding member of the hybrid movement is the Honda Insight. Where the original model was a small two-seat commuter car, the current version is a conventional four-door that resembles the Honda Civic. Built from 2019 to 2022, the most recent Insight never beat the Prius in sales, but it edges it out in mainstream appeal and cost of ownership.

Rear shot of the 2022 Honda Insight on the road

Inside, the cabin is also Civic-esque, being quiet, well-appointed, and featuring quality materials, supportive seating, and modern technology. The Insight is often overlooked in the marketplace, but if you’re looking for something reliable and a bit different, it is a well-kept secret.

Strengths	Weaknesses
Civic-like driving experience Well-appointed interior Looks like a normal car	Overly complex dashboard layout Noisy four-cylinder engine Good examples may be hard to find

2022 Toyota Corolla Hybrid

Total Cost Of Ownership: $31,000

Base Trim Engine: 1.8L Inline-4 Hybrid
Base Trim Transmission: Continuously Variable Automatic (CVT)
Base Trim Drivetrain: Front-Wheel Drive
Base Trim Horsepower: 121 hp
Base Trim Torque: 105 lb-ft @ 3600 rpm
Fuel Economy: 53/52 MPG
Make: Toyota
Model: Corolla Hybrid
Segment: Compact Sedan

Infotainment & Features

8 /10

A Toyota Corolla is like a pair of khaki pants – practical, functional, and never trendy; it fits in just about everywhere. However, when Toyota expanded its hybrid lineup to include the Corolla, the result was akin to adding spandex to the twill fabric, making an already good thing even better.

2022 Toyota Corolla Hybrid parked outdoors

As a result, the Corolla lineup, which includes a hybrid and a hybrid crossover, has experienced a resurgence in recent years, proving that keeping things simple and cheap will always hold appeal. But in the Corolla’s case, its simple and cheap nature has come about from decades of refinement, which is why it’s one of the most inexpensive hybrids to own.

Strengths	Weaknesses
Refined ride Surprisingly roomy and comfortable Excellent hybrid fuel economy	The engine can sound a little coarse Slow acceleration Driving enthusiasts should look elsewhere

2021 Hyundai Elantra Hybrid

Total Cost Of Ownership: $30,639

Base Trim Engine: 1.6L Inline-4 Hybrid
Base Trim Transmission: 6-Speed Automatic
Base Trim Drivetrain: Front-Wheel Drive
Base Trim Horsepower: 104 hp
Base Trim Torque: 109 lb-ft @ 4000 rpm
Fuel Economy: 49/52 MPG
Make: Hyundai
Model: Elantra Hybrid
Segment: Compact Sedan

If the Toyota Corolla Hybrid is a pair of stretch khakis, the Hyundai Elantra Hybrid is like a sports coat that draws attention to its owner, adding some flair to an otherwise practical car. It also shares the same ethos as other Hyundais with its low cost and generous list of standard features.

The wealth of features extends to the interior, which also appears sleek and modern, offering a dual-screen digital display, intuitive infotainment controls, and the latest safety features. But the icing on the cake is the low ownership cost, which makes it one of the most inexpensive hybrids to own.

Strengths	Weaknesses
Bold styling Long list of standard features Low operating costs	Design might look dated in five years Sluggish acceleration Not as refined as other cars on the list

2022 Hyundai Ioniq Hybrid

Total Cost Of Ownership: $30,557

Base Trim Engine: 1.6L Inline-4 Hybrid
Base Trim Transmission: 6-Speed Automatic
Base Trim Drivetrain: Front-Wheel Drive
Base Trim Horsepower: 139 hp
Base Trim Torque: 109 lb-ft @ 4000 rpm
Fuel Economy: 58/60 MPG
Make: Hyundai
Model: Ioniq Hybrid
Segment: Compact Hatchback

Infotainment & Features

9 /10

Small, inexpensive cars have always had the lowest ownership costs, something that’s proven yet again by the Hyundai Ioniq Hybrid. Not to be confused with the Ioniq electric cars, the Ioniq Hybrid features a 1.6-liter gas engine paired to an electric motor and is capable of getting up to 60 mpg.

The Ioniq Hybrid’s hatchback design offers cargo flexibility, while the interior features clean, modern styling and intuitive technology. Higher trims add premium touches like larger touchscreens and advanced driver assistance features. But regardless of trim level, it makes a capable commuter and is tops when it comes to low ownership costs.

Strengths	Weaknesses
Stingy operating costs Impressive mpg Hatchback practicality	Lackluster performance Limited interior space Gets lost in the shuffle with its all-electric siblings

Source: J.D. Power, the EPA

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