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Memorial Day Car Deals [2020 Edition]

Memorial-Day-Car-Dealership

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.

Why is Memorial Day a Good Time to Buy a Car?

Why is Memorial Day Weekend a Good Time to Buy a CarHoliday 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:

  1. Gas Prices start increasing towards summer and the demand for gas guzzling SUV’s and all-wheel drive vehicles is down.
  2. 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.
  3. Three day weekends mean people have an extra day to shop.  So dealerships will ramp up their sales efforts with “events” and other promotions
  4. Some dealerships will offer a bonus to the salesman who makes the most sales over a long weekend.
  5. 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

Best Memorial Day lease dealsWith 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.

YearMakeModelLease OffersExpiration
2020FordExplorer$305/month for 39 months, $3,706 due at signing4/30/20
2020SubaruLegacy$219/month for 36 months, $2,899 due at signing4/30/20
2020HondaFit$179/month for 36 months, $2,199 due at signing5/4/20
2019FordRanger$231/month for 39 months, $2,781 due at signing4/30/20
2020MazdaCX-30$205/month for 36 months, $2,999 due at signing4/30/20
2020KiaSorento$239/month for 36 months, $3,499 due at signing4/30/20
2020NissanMurano$216/month for 36 months, $3,666 due at signing5/4/20
2020ToyotaCamry$229/month for 36 months, $2,999 due at signing5/4/20
2020VolkswagenTiguan$289/month for 39 months, $0 due at signing4/30/20
2019MercedesGLA-Class$319/month for 36 months, $3,713 due at signing4/30/20

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) Mitsubishi Outlander Sport DealsSeveral dealers will email you with competitive prices along with their contact information so you can negotiate.

YearMakeModelCash Incentives (up to)Best Avail. APRLease OffersExpiration
2020AcuraILX0.90%4/30/20
2020AcuraRDX0.90%4/30/20
View All Acura Incentives
2020AudiA4$409/month for 36 months, $4,513 due at signing4/30/20
2020AudiQ3$359/month for 36 months, $4,253 due at signing4/30/20
View All Audi Incentives
2020BMW3-Series2.99%$419/month for 36 months, $3,999 due at signing4/5/20
2019BMW5-Series2.99%$459/month for 36 months, $4,999 due at signing4/5/20
2020BMWX32.99%$429/month for 36 months, $3,979 due at signing4/5/20
View All BMW Incentives
2020BuickEnclave$5,600 0.00%$299/month for 24 months, $3,529 due at signing4/7/20
2020BuickEncore GX$1,600 0.00%$179/month for 24 months, $3,299 due at signing4/7/20
View All Buick Incentives
2020GMCCanyon$3,600 $279/month for 36 months, $4,829 due at signing4/7/20
2020GMCSierra 1500$6,500 0.00%$329/month for 36 months, $3,479 due at signing4/7/20
View All GMC Incentives
2020CadillacCT6$2,500 0.00%4/7/20
2020CadillacXT4$2,000 0.00%$379/month for 36 months, $3,939 due at signing4/7/20
View All Cadillac Incentives
2020ChevroletBolt$8,500 0.00%$239/month for 36 months, $3,269 due at signing4/7/20
2020ChevroletEquinox$4,500 0.00%$239/month for 39 months, $2,979 due at signing4/7/20
2020ChevroletTrax$3,000 0.00%$179/month for 39 months, $3,739 due at signing4/7/20
View All Chevrolet Incentives
View All Chrysler Incentives
2019DodgeDurango3.70%4/30/20
View All Dodge Incentives
2020FordEcoSport$210/month for 39 months, $2,334 due at signing4/30/20
2020FordExplorer$2,000 $305/month for 39 months, $3,706 due at signing4/30/20
2019FordRanger$1,250 0.00%$231/month for 39 months, $2,781 due at signing4/30/20
View All Ford Incentives
2020HondaCR-V$269/month for 36 months, $2,899 due at signing5/4/20
2020HondaOdyssey1.90%$329/month for 36 months, $2,699 due at signing5/4/20
2020HondaPilot1.90%$299/month for 36 months, $2,799 due at signing5/4/20
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.

 

YearMakeModelCash Incentives (up to)Best Avail. APRLease OffersExpiration
2020HyundaiElantra$1,250 0.00%$149/month for 36 months, $2,499 due at signing4/1/2020
2020HyundaiKona$1,000 0.00%$209/month for 36 months, $2,299 due at signing4/1/2020
2019HyundaiSonata$4,500 0.00%$199/month for 36 months, $2,499 due at signing4/1/2020
View All Hyundai Incentives
2020InfinitiQ501.90%$329/month for 39 months, $5,299 due at signing4/30/2020
2020InfinitiQX601.90%$399/month for 39 months, $4,599 due at signing4/30/2020
View All Infiniti Incentives
2020JaguarXE0.00%$379/month for 36 months, $3,495 due at signing6/30/2020
View All Jaguar Incentives
View All Jeep Incentives
2019KiaCadenza$5,000 0.00%$289/month for 36 months, $3,999 due at signing4/30/2020
2020KiaOptima$4,000 0.00%$189/month for 36 months, $2,999 due at signing4/30/2020
2020KiaSorento$4,000 0.00%$239/month for 36 months, $3,499 due at signing4/30/2020
View All Kia Incentives
2020Land RoverDiscovery Sport0.00%$409/month for 36 months, $3,495 due at signing6/30/2020
View All Land Rover Incentives
2020LexusGS$3,000 0.90%$569/month for 36 months, $4,999 due at signing4/30/2020
2020LexusUX$2,000 0.90%$309/month for 36 months, $3,999 due at signing4/30/2020
2019LexusRX$4,000 0.00%4/30/2020
View All Lexus Incentives
2019LincolnMKC$1,250 0.00%$373/month for 39 months, $3,872 due at signing4/30/2020
View All Lincoln Incentives
2019MazdaCX-5$1,000 0.90%4/30/2020
2020MazdaCX-90.90%$289/month for 36 months, $2,999 due at signing4/30/2020
View All Mazda Incentives
2019MitsubishiOutlander Phev$2,500 0.00%$289/month for 36 months, $3,788 due at signing4/30/2020
2019MitsubishiOutlander$3,000 0.00%$299/month for 48 months, $2,348 due at signing4/30/2020
View All Mitsubishi Incentives
2019MercedesCLA-Class1.00%$299/month for 36 months, $3,794 due at signing4/30/2020
2019MercedesGLS-Class1.00%$749/month for 36 months, $6,943 due at signing4/30/2020
View All Mercedes-Benz Incentives
2020NissanArmada$2,000 0.90%$428/month for 36 months, $5,978 due at signing5/4/2020
2020NissanLeaf$13,000 0.00%$179/month for 36 months, $3,449 due at signing5/4/2020
2020NissanPathfinder$4,000 0.00%$259/month for 36 months, $2,309 due at signing5/4/2020
View All Nissan Incentives
View All Porsche Incentives
2020SubaruAscent0.00%$319/month for 36 months, $2,999 due at signing4/30/2020
2020SubaruOutback0.00%$249/month for 36 months, $2,449 due at signing4/30/2020
View All Subaru Incentives
2020ToyotaAvalon$1,750 2.90%$449/month for 36 months, $2,999 due at signing5/4/2020
2020ToyotaCorolla$1,000 2.90%$179/month for 36 months, $2,999 due at signing5/4/2020
2020ToyotaRAV4$1,500 $239/month for 36 months, $2,999 due at signing5/4/2020
View All Toyota Incentives
View All Volkswagen Incentives
2020VolvoXC902.99%$499/month for 36 months, $4,899 due at signing4/30/2020
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.

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.  Learn how to negotiate the best deal on a new car.