The invention discloses a low-warpage carbon-fiber-reinforced PET/polyester alloy and a preparation process thereof. The PET/polyester alloy comprises, by weight, 40-65% of PET, 7-30% of polyester, 0.5-1.5% of a polyester nucleating agent, 10-40% of carbon fibers, 3-10% of a compatilizer, 0.5-1% of an antioxidant and 0.5-1% of a lubricating agent. The preparation process comprises the steps of firstly, placing the PET, the polyester, the polyester nucleating agent, the compatilizer, the antioxidant and the lubricating agent into a highly mixing machine for mixing for 3-5min, then adding from a first section barrel of a double-screw extruder, adding the carbon fibers from a fourth section barrel of the double-screw extruder, controlling the revolving speed of the double-screw extruder to be 35-40Hz, and performing extruding granulating at the temperature of 240-250DEG C, so that the low-warpage carbon-fiber-reinforced PET/polyester alloy which is high in mechanical property, short in molding cycle and attractive in product appearance is obtained.