• Image Credit: Ford

Financially speaking, buying a used car is generally a great thing to do. You don't get that new-car smell and the armrests and cup holders might be a little sticky, but buying used means that you don't have to eat that enormous depreciation cost that comes with driving a brand-new car off the dealer lot. The first owner has already done that for you (wasn't that nice of them?).

According to recent data from Kelley Blue Book, this is an especially good time to buy a used car in several different segments. If you're in the market, we think you should take a look at a used midsize sedan, which are some of the best and most popular cars for people of all ages. Their auction values were down 6.2 percent in May, continuing a downward trend that began earlier this year.

"Kelley Blue Book field analysts have mentioned that the early downward trend for mid-size sedans could be a result of lease returns flooding the auctions," said Alec Gutierrez, Senior Market Analyst, Automotive Insights at KBB. "There is a high volume of Nissan AltimaHonda Accord and Toyota Camry lease returns."

This glut of sedans hitting the used-car market is good for you, the shopper. More supply equals lower prices.

To get you started, we picked a few of our favorite used mid-size sedans that can be had right now for under $20,000. Click through to see what we recommend then make sure to head over to our Used Car Search tool to find one for yourself!

Ford Fusion
  • Image Credit: Ford

Ford Fusion

Previous-generation Ford Fusions aren't quite as handsome as the sleek new ones, but it is still a good-looking sedan that drives well, has a nice interior and gets solid fuel economy. You shouldn't have a problem scoring one with low miles from the 2010-2012 model year for less than $20,000.

Gutierrez says the previous generation Ford Fusion can even be had for a 5-10 percent savings on the used-car market relative to a Toyota Camry or a Honda Accord. Nice.

Research More
Used Ford Fusion Listings
Used Sedan Listings
Honda Accord
  • Image Credit: Honda

Honda Accord

The Accord has been one of the best midsize sedans on the market for some time. This handsome car will save you money at the gas pump and will last a very long time if you keep up with routine maintenance. Honda's are legendary for their longevity. A quick search turned up a slew of Accords with low miles for well under $20,000.

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Used Honda Accord Listings
Used Sedan Listings
Nissan Altima
  • Image Credit: Nissan

Nissan Altima

The Nissan Altima employs a quirkier design than the other big sellers in the segment, making it a great choice for people who want a practical car that can stand out on the road. Previous-generation Altimas, which are popping up all over the place due to an influx of lease returns, can easily be found for less than $20,000.

Research More
Used Nissan Altima Listings
Used Sedan Listings
Toyota Camry
  • Image Credit: Toyota

Toyota Camry

Although the 2007-2011 Toyota Camry is one of the more boring-looking cars of the past decade, there's no question that it's a very practical buy. Fuel efficient, reliable, roomy, safe and available for well under $20,000 on the used-car market, we fully endorse shopping this car. This is another car that, with routine maintenance, should last you a very long time.

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Used Toyota Camry Listings
Used Sedan Listings
Mazda6
  • Image Credit: Mazda

Mazda6

The previous-generation (2009-2013) Mazda6 is definitely not our favorite car to look at, especially when you put it next to the remarkably attractive current generation, but it's probably the most fun-to-drive midsize sedan you can find for under $20,000. If you're looking for something that makes getting from A to B a little more exciting, the Mazda6 is your car.

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Used Mazda6 Listings
Used Sedan Listings
Chrysler 200
  • Image Credit: Chrysler

Chrysler 200

Like the Ford Fusion, a used Chrysler 200 can be had for 5-10 percent cheaper than a Camry or Accord on the used-car market right now. It's not exactly our favorite midsize sedan, but it's a decently handsome car with some nice amenities inside. If price is your number one priority, the 200 is solid sedan to look at.

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Used Chrysler 200 Listings
Used Sedan Listings


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