Memorial Day Car Deals [2020 Edition]
If you’ve been thinking about buying a new car, Memorial Day weekend might be a good time to do it.
The car industry is reeling from the financial repercussions of the Coronavirus. No one has left their homes and dealerships are empty. Dealers are slashing prices and manufacturers are offering special COVID-19 financing programs. And many dealerships will let you handle everything online. They’ll even send a salesman to your house (with gloves and mask) so that you can test drive from home.
Auto manufacturers are also showcasing great deals on their 2020 models. As dealerships try to clear out their current inventory for the summer, you can find zero % APR finance deals, big cash back incentives, and great lease deals during the long holiday weekend.
Memorial Day weekend kicks off a summer car-selling season with deals on many of today’s popular models.
Table of Contents
Why is Memorial Day a Good Time to Buy a Car?
Holiday weekends are often one of the best times of year to buy a car. Salesmen typically offer their best car deals over Memorial Day weekend for several reasons:
- Gas Prices start increasing towards summer and the demand for gas guzzling SUV’s and all-wheel drive vehicles is down.
- Dealers know that car shoppers that have been hibernating over the winter are heading outside to take advantage of the Spring weather to look for deals.
- Three day weekends mean people have an extra day to shop. So dealerships will ramp up their sales efforts with “events” and other promotions
- Some dealerships will offer a bonus to the salesman who makes the most sales over a long weekend.
- And most importantly, towards the end of every month car salesmen are trying to hit their monthly bonus targets and are more willing to make a deal on a single car to earn a big bonus check.
Tip: To truly get a good deal, you’ll want to get prices from several dealerships. (click the orange button above and Get Prices).
When do Memorial Day Car Sales start?
Memorial Day Weekend runs Saturday May 23rd through Monday May 25th 2020 (with Monday being the official holiday). While dealership sales events start Saturday and run through Monday, most published Memorial Day offers are good for the entire month of May. However, salesmen will be most willing to negotiate during the weekend itself to meet their holiday quotas.
Best Memorial Day Car Lease Deals
With Memorial Day approaching, there are some great leasing offers available with low monthly payments on many popular models. Some of the advantages of leasing a vehicle rather than buying are lower upfront costs and the ability to drive a new vehicle every two or three years. In order to determine if a lease deal is a good value or not, there are many factors to consider like the down payment (with taxes and fees) and the residual value of the vehicle, which contributes to the monthly cost. Below are some of the best lease deals on sedans and SUVs available right now.
|2020||Ford||Explorer||$305/month for 39 months, $3,706 due at signing||4/30/20|
|2020||Subaru||Legacy||$219/month for 36 months, $2,899 due at signing||4/30/20|
|2020||Honda||Fit||$179/month for 36 months, $2,199 due at signing||5/4/20|
|2019||Ford||Ranger||$231/month for 39 months, $2,781 due at signing||4/30/20|
|2020||Mazda||CX-30||$205/month for 36 months, $2,999 due at signing||4/30/20|
|2020||Kia||Sorento||$239/month for 36 months, $3,499 due at signing||4/30/20|
|2020||Nissan||Murano||$216/month for 36 months, $3,666 due at signing||5/4/20|
|2020||Toyota||Camry||$229/month for 36 months, $2,999 due at signing||5/4/20|
|2020||Volkswagen||Tiguan||$289/month for 39 months, $0 due at signing||4/30/20|
|2019||Mercedes||GLA-Class||$319/month for 36 months, $3,713 due at signing||4/30/20|
Also Read: Best 0% APR Deals This Month
Top 10 Memorial Day Car Deals
After reviewing deals from all manufacturers, models, and body styles, here are my picks for the top 10 deals this May. Below this video you can see the full list of all incentives that were reviewed.
Full List of All Memorial Day Car Deals
We’ve reviewed all manufacturer incentives and highlighted today’s best Memorial Day car deals for each car brand below. You can see additional incentives by clicking the link below each car brand.
To truly get a good deal, you’ll want to get prices from several dealerships (Tip: pick a make and model car and click the orange button above to get prices) Several dealers will email you with competitive prices along with their contact information so you can negotiate.
|Year||Make||Model||Cash Incentives (up to)||Best Avail. APR||Lease Offers||Expiration|
|View All Acura Incentives|
|2020||Audi||A4||$409/month for 36 months, $4,513 due at signing||4/30/20|
|2020||Audi||Q3||$359/month for 36 months, $4,253 due at signing||4/30/20|
|View All Audi Incentives|
|2020||BMW||3-Series||2.99%||$419/month for 36 months, $3,999 due at signing||4/5/20|
|2019||BMW||5-Series||2.99%||$459/month for 36 months, $4,999 due at signing||4/5/20|
|2020||BMW||X3||2.99%||$429/month for 36 months, $3,979 due at signing||4/5/20|
|View All BMW Incentives|
|2020||Buick||Enclave||$5,600||0.00%||$299/month for 24 months, $3,529 due at signing||4/7/20|
|2020||Buick||Encore GX||$1,600||0.00%||$179/month for 24 months, $3,299 due at signing||4/7/20|
|View All Buick Incentives|
|2020||GMC||Canyon||$3,600||$279/month for 36 months, $4,829 due at signing||4/7/20|
|2020||GMC||Sierra 1500||$6,500||0.00%||$329/month for 36 months, $3,479 due at signing||4/7/20|
|View All GMC Incentives|
|2020||Cadillac||XT4||$2,000||0.00%||$379/month for 36 months, $3,939 due at signing||4/7/20|
|View All Cadillac Incentives|
|2020||Chevrolet||Bolt||$8,500||0.00%||$239/month for 36 months, $3,269 due at signing||4/7/20|
|2020||Chevrolet||Equinox||$4,500||0.00%||$239/month for 39 months, $2,979 due at signing||4/7/20|
|2020||Chevrolet||Trax||$3,000||0.00%||$179/month for 39 months, $3,739 due at signing||4/7/20|
|View All Chevrolet Incentives|
|View All Chrysler Incentives|
|View All Dodge Incentives|
|2020||Ford||EcoSport||$210/month for 39 months, $2,334 due at signing||4/30/20|
|2020||Ford||Explorer||$2,000||$305/month for 39 months, $3,706 due at signing||4/30/20|
|2019||Ford||Ranger||$1,250||0.00%||$231/month for 39 months, $2,781 due at signing||4/30/20|
|View All Ford Incentives|
|2020||Honda||CR-V||$269/month for 36 months, $2,899 due at signing||5/4/20|
|2020||Honda||Odyssey||1.90%||$329/month for 36 months, $2,699 due at signing||5/4/20|
|2020||Honda||Pilot||1.90%||$299/month for 36 months, $2,799 due at signing||5/4/20|
|View All Honda Incentives|
STOP! Don’t choose a car based on incentives alone.
Use my free service to Check Discount Car Prices from several dealers at once. Start a bidding war to get yourself the lowest possible price.
|Year||Make||Model||Cash Incentives (up to)||Best Avail. APR||Lease Offers||Expiration|
|2020||Hyundai||Elantra||$1,250||0.00%||$149/month for 36 months, $2,499 due at signing||4/1/2020|
|2020||Hyundai||Kona||$1,000||0.00%||$209/month for 36 months, $2,299 due at signing||4/1/2020|
|2019||Hyundai||Sonata||$4,500||0.00%||$199/month for 36 months, $2,499 due at signing||4/1/2020|
|View All Hyundai Incentives|
|2020||Infiniti||Q50||1.90%||$329/month for 39 months, $5,299 due at signing||4/30/2020|
|2020||Infiniti||QX60||1.90%||$399/month for 39 months, $4,599 due at signing||4/30/2020|
|View All Infiniti Incentives|
|2020||Jaguar||XE||0.00%||$379/month for 36 months, $3,495 due at signing||6/30/2020|
|View All Jaguar Incentives|
|View All Jeep Incentives|
|2019||Kia||Cadenza||$5,000||0.00%||$289/month for 36 months, $3,999 due at signing||4/30/2020|
|2020||Kia||Optima||$4,000||0.00%||$189/month for 36 months, $2,999 due at signing||4/30/2020|
|2020||Kia||Sorento||$4,000||0.00%||$239/month for 36 months, $3,499 due at signing||4/30/2020|
|View All Kia Incentives|
|2020||Land Rover||Discovery Sport||0.00%||$409/month for 36 months, $3,495 due at signing||6/30/2020|
|View All Land Rover Incentives|
|2020||Lexus||GS||$3,000||0.90%||$569/month for 36 months, $4,999 due at signing||4/30/2020|
|2020||Lexus||UX||$2,000||0.90%||$309/month for 36 months, $3,999 due at signing||4/30/2020|
|View All Lexus Incentives|
|2019||Lincoln||MKC||$1,250||0.00%||$373/month for 39 months, $3,872 due at signing||4/30/2020|
|View All Lincoln Incentives|
|2020||Mazda||CX-9||0.90%||$289/month for 36 months, $2,999 due at signing||4/30/2020|
|View All Mazda Incentives|
|2019||Mitsubishi||Outlander Phev||$2,500||0.00%||$289/month for 36 months, $3,788 due at signing||4/30/2020|
|2019||Mitsubishi||Outlander||$3,000||0.00%||$299/month for 48 months, $2,348 due at signing||4/30/2020|
|View All Mitsubishi Incentives|
|2019||Mercedes||CLA-Class||1.00%||$299/month for 36 months, $3,794 due at signing||4/30/2020|
|2019||Mercedes||GLS-Class||1.00%||$749/month for 36 months, $6,943 due at signing||4/30/2020|
|View All Mercedes-Benz Incentives|
|2020||Nissan||Armada||$2,000||0.90%||$428/month for 36 months, $5,978 due at signing||5/4/2020|
|2020||Nissan||Leaf||$13,000||0.00%||$179/month for 36 months, $3,449 due at signing||5/4/2020|
|2020||Nissan||Pathfinder||$4,000||0.00%||$259/month for 36 months, $2,309 due at signing||5/4/2020|
|View All Nissan Incentives|
|View All Porsche Incentives|
|2020||Subaru||Ascent||0.00%||$319/month for 36 months, $2,999 due at signing||4/30/2020|
|2020||Subaru||Outback||0.00%||$249/month for 36 months, $2,449 due at signing||4/30/2020|
|View All Subaru Incentives|
|2020||Toyota||Avalon||$1,750||2.90%||$449/month for 36 months, $2,999 due at signing||5/4/2020|
|2020||Toyota||Corolla||$1,000||2.90%||$179/month for 36 months, $2,999 due at signing||5/4/2020|
|2020||Toyota||RAV4||$1,500||$239/month for 36 months, $2,999 due at signing||5/4/2020|
|View All Toyota Incentives|
|View All Volkswagen Incentives|
|2020||Volvo||XC90||2.99%||$499/month for 36 months, $4,899 due at signing||4/30/2020|
|View All Volvo Incentives|
These offers may vary based on location, credit score, and financing terms and are not guaranteed. So use my free service to Check Discount Car Prices to get the best prices that include current manufacturer offers and incentives.
Frequently Asked Questions
Yes, Memorial Day weekend is historically one of the best times to buy all year long. And, because it falls near the end of the month, salesmen are trying to hit the their monthly sales targets and are willing to negotiate. See the full list of all Memorial Day car deals.
Like most other businesses, car dealerships have been deeply impacted by Coronavirus. This means car prices are deeply discounted to encourage more sales. In addition, almost all manufacturers are offering payment assistance programs. See all Coronavirus auto financing specials.
Buick, Chevy, Hyundai, Nissan, and more. See all 0% APR offers this month.