Memorial Day Car Deals [2022 Edition]
If you’ve been thinking about buying a new car, Memorial Day weekend might be a good time to do it.
The current inventory shortage is still causing a big markup on vehicle prices, so deals are more important than ever to offset the extra cost.
Auto manufacturers are mainly showcasing deals on their 2022 models. You can expect to find zero % APR finance deals, cashback incentives, and 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.
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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 February.
#1 Deal: 2023 Hyundai Kona
| Cash Back Offer: | Up to $750 |
| Financing Offer: | 2.9% APR for 48 months |
| Lease Deal: | $209/month for 36 months, $3,999 due at signing |
#2 Deal: 2023 Cadillac XT5
| Cash Back Offer: | N/A |
| Financing Offer: | N/A |
| Lease Deal: | $479/month for 39 months, $4,009 due at signing |
#3 Deal: 2022 Jeep Compass
| Cash Back Offer: | Up to $2,000 |
| Financing Offer: | 1.9% APR for 36 months |
| Lease Deal: | $329/month for 42 months, $4,999 due at signing |
#4 Deal: 2023 Hyundai Sonata
| Cash Back Offer: | Up to $1,250 |
| Financing Offer: | 2.9% APR for 48 months |
| Lease Deal: | $269/month for 36 months, $3,299 due at signing |
#5 Deal: 2023 Nissan Titan
| Cash Back Offer: | N/A |
| Financing Offer: | 2.99% APR for 36 months |
| Lease Deal: | $519/month for 36 months, $9,569 due at signing |
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 28th through Monday, May 30th, 2022 (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.
#7 Deal: 2023 Nissan Leaf
Lease Deal: $279/month for 36 months, $4,004 due at signing
| Year | Make | Model | Lease Offers | Expiration | Check Prices |
|---|---|---|---|---|---|
| 2023 | Nissan | Altima | $199/month for 18 months, $2,009 due at signing | 1/31/23 | Check Prices |
| 2023 | Ford | Ranger | $343/month for 36 months, $3,233 due at signing | 1/31/23 | Check Prices |
| 2023 | Hyundai | Santa Fe | $269/month for 36 months, $3,999 due at signing | 1/31/23 | Check Prices |
| 2023 | Mercedes | GLB | $559/month for 36 months, $4,303 due at signing | 1/31/23 | Check Prices |
| 2023 | Toyota | Sienna | $359/month for 39 months, $3,999 due at signing | 1/31/23 | Check Prices |
Best Lease Deals (Video)
Also Read: Best 0% APR Deals This Month
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.
| Year | Make | Model | Cash Incentives (up to) | Best Avail. APR | Lease Offers | Expiration |
|---|---|---|---|---|---|---|
| 2022 | Acura | TLX | 2.90% | 2/28/23 | ||
| 2023 | Acura | MDX | 3.90% | $619/month for 36 months, $4,299 due at signing | 2/28/23 | |
| View All Acura Incentives | ||||||
| 2023 | Audi | A4 | 5.99% | $489/month for 36 months, $4,959 due at signing | 1/31/23 | |
| 2023 | Audi | Q3 | 6.49% | $489/month for 36 months, $4,359 due at signing | 1/31/23 | |
| View All Audi Incentives | ||||||
| 2023 | BMW | 3-Series | $569/month for 36 months, $5,919 due at signing | 1/31/23 | ||
| 2023 | BMW | 5-Series | $669/month for 36 months, $6,719 due at signing | 1/31/23 | ||
| 2023 | BMW | X3 | $619/month for 36 months, $6,259 due at signing | 1/31/23 | ||
| View All BMW Incentives | ||||||
| 2023 | Buick | Enclave | 3.90% | $349/month for 24 months, $4,179 due at signing | 1/31/23 | |
| 2023 | Buick | Encore GX | 3.90% | $199/month for 24 months, $3,989 due at signing | 1/31/23 | |
| View All Buick Incentives | ||||||
| 2023 | GMC | Acadia | 4.49% | $289/month for 24 months, $2,389 due at signing | 1/31/23 | |
| 2022 | GMC | Canyon | 4.49% | $379/month for 36 months, $3,980 due at signing | 1/31/23 | |
| View All GMC Incentives | ||||||
| 2023 | Cadillac | XT6 | $509/month for 24 months, $4,809 due at signing | 1/31/23 | ||
| 2023 | Cadillac | XT4 | 3.99% | $379/month for 36 months, $3,579 due at signing | 1/31/23 | |
| View All Cadillac Incentives | ||||||
| 2023 | Chevrolet | Blazer | $1,750 | 4.99% | $279/month for 24 months, $2,369 due at signing | 1/31/23 |
| 2022 | Chevrolet | Equinox | $2,250 | 2.99% | $239/month for 24 months, $2,289 due at signing | 1/31/23 |
| 2023 | Chevrolet | Silverado 1500 | $399/month for 24 months, $5,569 due at signing | 1/31/23 | ||
| View All Chevrolet Incentives | ||||||
| 2022 | Chrysler | Pacifica | 7.26% | $649/month for 39 months, $5,499 due at signing | 1/31/23 | |
| View All Chrysler Incentives | ||||||
| 2022 | Dodge | Charger | $1,000 | 7.26% | $459/month for 36 months, $4,999 due at signing | 1/31/23 |
| View All Dodge Incentives | ||||||
| 2022 | Ford | EcoSport | 3.90% | $319/month for 36 months, $2,919 due at signing | 1/31/23 | |
| 2022 | Ford | Explorer | 0.00% | $499/month for 36 months, $4,129 due at signing | 1/31/23 | |
| 2023 | Ford | Ranger | 5.90% | $343/month for 36 months, $3,233 due at signing | 1/31/23 | |
| View All Ford Incentives | ||||||
| 2023 | Honda | CR-V | 3.90% | 2/28/23 | ||
| 2023 | Honda | Odyssey | 3.90% | 2/28/23 | ||
| 2023 | Honda | Ridgeline | 1.90% | 2/28/23 | ||
| View All Honda Incentives | ||||||
| Year | Make | Model | Cash Incentives (up to) | Best Avail. APR | Lease Offers | Expiration |
|---|---|---|---|---|---|---|
| 2023 | Hyundai | Elantra | $750 | 2.90% | $219/month for 36 months, $2,999 due at signing | 1/31/23 |
| 2023 | Hyundai | Kona | $750 | 2.90% | $209/month for 36 months, $3,999 due at signing | 1/31/23 |
| 2023 | Hyundai | Sonata | $1,250 | 2.90% | $269/month for 36 months, $3,299 due at signing | 1/31/23 |
| View All Hyundai Incentives | ||||||
| 2023 | Infiniti | Q50 | 4.90% | $549/month for 36 months, $4,925 due at signing | 1/31/23 | |
| View All Infiniti Incentives | ||||||
| 2023 | Jaguar | F-Pace | $1,119/month for 36 months, $4,995 due at signing | 1/31/23 | ||
| View All Jaguar Incentives | ||||||
| 2023 | Jeep | Grand Cherokee | $3,000 | 7.26% | $399/month for 24 months, $5,199 due at signing | 1/31/23 |
| View All Jeep Incentives | ||||||
| 2023 | Kia | Sorento | 3.25% | $319/month for 36 months, $3,499 due at signing | 2/28/23 | |
| 2023 | Kia | Soul | 2.90% | $239/month for 36 months, $2,799 due at signing | 2/28/23 | |
| View All Kia Incentives | ||||||
| 2023 | Land Rover | Discovery Sport | $799/month for 36 months, $4,995 due at signing | 1/31/23 | ||
| View All Land Rover Incentives | ||||||
| 2023 | Lexus | ES | 4.99% | 1/31/23 | ||
| 2022 | Lexus | RX 350 | 3.49% | 1/31/23 | ||
| View All Lexus Incentives | ||||||
| View All Lincoln Incentives | ||||||
| 2023 | Mazda | CX-5 | 2.90% | $319/month for 36 months, $2,999 due at signing | 1/31/23 | |
| 2023 | Mazda | CX-9 | 2.90% | $424/month for 36 months, $3,499 due at signing | 1/31/23 | |
| View All Mazda Incentives | ||||||
| 2022 | Mitsubishi | Outlander | 2.90% | $369/month for 36 months, $3,368 due at signing | 1/31/23 | |
| 2023 | Mitsubishi | Eclipse Cross | 2.90% | $379/month for 36 months, $3,378 due at signing | 1/31/23 | |
| View All Mitsubishi Incentives | ||||||
| 2023 | Mercedes | CLA | $549/month for 36 months, $4,403 due at signing | 1/31/23 | ||
| 2023 | Mercedes | GLS | $1,139/month for 36 months, $7,683 due at signing | 1/31/23 | ||
| View All Mercedes-Benz Incentives | ||||||
| 2022 | Nissan | Armada | 2.99% | $809/month for 36 months, $5,919 due at signing | 1/31/23 | |
| 2023 | Nissan | Leaf | 2.99% | $269/month for 36 months, $5,259 due at signing | 1/31/23 | |
| View All Nissan Incentives | ||||||
| View All Porsche Incentives | ||||||
| 2023 | RAM | Ram Pickup 1500 | $540/month for 42 months, $3,999 due at signing | 1/31/23 | ||
| View All RAM Incentives | ||||||
| 2022 | Subaru | Ascent | 2.90% | $329/month for 36 months, $3,829 due at signing | 1/31/23 | |
| 2023 | Subaru | Outback | 3.90% | $345/month for 36 months, $3,545 due at signing | 1/31/23 | |
| View All Subaru Incentives | ||||||
| 2023 | Toyota | Camry | 5.49% | $319/month for 39 months, $2,999 due at signing | 1/31/23 | |
| 2023 | Toyota | Corolla Hybrid | 6.49% | $329/month for 39 months, $2,999 due at signing | 1/31/23 | |
| 2023 | Toyota | RAV4 | 5.49% | $319/month for 39 months, $2,999 due at signing | 1/31/23 | |
| View All Toyota Incentives | ||||||
| 2023 | Volkswagen | Atlas Cross Sport | 3.90% | 1/31/23 | ||
| 2023 | Volkswagen | Jetta | ||||
| View All Volkswagen Incentives | ||||||
| 2023 | Volvo | XC90 | 6.99% | $755/month for 36 months, $5,155 due at signing | 1/31/23 | |
| 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
Is Memorial Day a good time to buy a car?
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 their monthly sales targets and are willing to negotiate.
Will the inventory and chip shortage affect Memorial Day sales?
Manufacturers will still put out new deals in May and Memorial Day, but the inventory and chip shortage may affect the availability of certain models. Also, even if the model is in stock, expect to pay more than MSRP.
Who is offering the best Memorial Day deals?
Many of the top and popular manufacturers will have special deals for Memorial Day. Brands like Hyundai, Ford, Toyota, and Mercedes-Benz will have finance and lease incentives for Memorial Day.
How do I get the best deal on a new car?
The best way to get a deal is to request car prices from several car dealerships at once. Then ask dealers to beat your best price.
