Memorial Day Car Deals [2023 Edition]

Memorial Day Car DealsIf 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 2023 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.

Top Memorial Day Car Deals

After reviewing deals from all manufacturers, models, and body styles, here are my picks for the top 5 deals this May.

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

Why Memorial Day is 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 27th, through Monday, May 29th, 2023 (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.

2020 Ford F-150#1 Deal: 2023 Ford F-150

Lease Deal: $429/month for 36 months, $5,459 due at signing

>> Check Ford F-150 Prices

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Ford F-150 - Price Drop Alerts
Want the best deal? Get notified when the market price changes for the Ford F-150 so you can pounce when the price is right.
We'll also email you as soon as new car deals are published each month along with our best car buying tips to save you money!

 

Subaru BRZ#2 Deal: 2023 Subaru BRZ

Lease Deal: $419/month for 36 months, $1,469 due at signing

>> Check Subaru BRZ Prices

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×
Subaru BRZ - Price Drop Alerts
Want the best deal? Get notified when the market price changes for the Subaru BRZ so you can pounce when the price is right.
We'll also email you as soon as new car deals are published each month along with our best car buying tips to save you money!

 

Kia EV6#3 Deal: 2023 Kia EV6

Lease Deal: $499/month for 36 months, $4,999 due at signing

>> Check Kia EV6 Prices

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Kia EV6 - Price Drop Alerts
Want the best deal? Get notified when the market price changes for the Kia EV6 so you can pounce when the price is right.
We'll also email you as soon as new car deals are published each month along with our best car buying tips to save you money!

 

2021 Mazda CX-30#4 Deal: 2023 Mazda CX-30

Lease Deal: $301/month for 36 months, $2,999 due at signing

>> Check Mazda CX-30 Prices

Get Price Change Alerts
×
Mazda CX-30 - Price Drop Alerts
Want the best deal? Get notified when the market price changes for the Mazda CX-30 so you can pounce when the price is right.
We'll also email you as soon as new car deals are published each month along with our best car buying tips to save you money!

 

2022 Honda Odyssey#5 Deal: 2023 Honda Odyssey

Lease Deal: $429/month for 36 months, $6,299 due at signing

>> Check Honda Odyssey Prices

Get Price Change Alerts
×
Honda Odyssey - Price Drop Alerts
Want the best deal? Get notified when the market price changes for the Honda Odyssey so you can pounce when the price is right.
We'll also email you as soon as new car deals are published each month along with our best car buying tips to save you money!

YearMakeModelLease OffersExpirationCheck Prices
2023FordF-150$429/month for 36 months, $5,459 due at signing5/31/23Check Prices
2023SubaruBRZ$419/month for 36 months, $1,469 due at signing5/31/23Check Prices
2023KiaEV6$499/month for 36 months, $4,999 due at signing7/5/23Check Prices
2023MazdaCX-30$301/month for 36 months, $2,999 due at signing5/31/23Check Prices
2023HondaOdyssey$429/month for 36 months, $6,299 due at signing7/5/23Check 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.

YearMakeModelCash Incentives (up to)Best Avail. APRLease OffersExpiration
2023AcuraTLX4.90%7/5/23
2023AcuraMDX4.90%$609/month for 36 months, $4,399 due at signing7/5/23
View All Acura Incentives
2023AudiA43.99%$499/month for 36 months, $4,849 due at signing5/31/23
2023AudiQ36.49%$499/month for 36 months, $4,119 due at signing5/31/23
View All Audi Incentives
2023BMW3-Series$559/month for 36 months, $5,089 due at signing5/31/23
2023BMW5-Series $639/month for 36 months, $6,619 due at signing5/31/23
2023BMWX3$589/month for 36 months, $6,039 due at signing5/31/23
View All BMW Incentives
2023BuickEnclave2.49%$349/month for 24 months, $4,329 due at signing5/31/23
2023BuickEncore GX2.49%$199/month for 24 months, $3,989 due at signing5/31/23
View All Buick Incentives
2023GMCAcadia$5001.90%$289/month for 24 months, $2,599 due at signing5/31/23
2022GMCCanyon4.74%5/31/23
View All GMC Incentives
2023CadillacXT6$1,500 2.90%$459/month for 24 months, $4,879 due at signing5/31/23
2023CadillacXT4$1,000 2.90%$379/month for 36 months, $3,579 due at signing5/31/23
View All Cadillac Incentives
2023ChevroletBlazer$1,250 1.90%$279/month for 24 months, $3,089 due at signing5/31/23
2022ChevroletEquinox$1,500 1.90%5/31/23
2023ChevroletSilverado 1500$399/month for 24 months, $6,089 due at signing5/31/23
View All Chevrolet Incentives
2023ChryslerPacifica$2,000 $489/month for 36 months, $5,299 due at signing5/31/23
View All Chrysler Incentives
2023DodgeCharger$2,000 $449/month for 36 months, $4,799 due at signing5/31/23
View All Dodge Incentives
2023FordEdge0.00%$469/month for 36 months, $4,339 due at signing5/31/23
2023FordExplorer0.00%$429/month for 36 months, $4,919 due at signing5/31/23
2023FordRanger$409/month for 36 months, $4,329 due at signing5/31/23
View All Ford Incentives
2023HondaCR-V 3.90%7/5/23
2023HondaOdyssey3.90%$429/month for 36 months, $6,299 due at signing7/5/23
2023HondaRidgeline0.90%$349/month for 36 months, $3,999 due at signing7/5/23
View All Honda Incentives




YearMakeModelCash Incentives (up to)Best Avail. APRLease OffersExpiration
2023HyundaiElantra$7501.90%$219/month for 36 months, $3,299 due at signing5/31/23
2023HyundaiKona$7501.90%$202/month for 36 months, $4,012 due at signing5/31/23
2023HyundaiSonata$7501.90%$269/month for 36 months, $3,299 due at signing5/31/23
View All Hyundai Incentives
2023InfinitiQ505.49%$499/month for 36 months, $5,235 due at signing5/31/23
View All Infiniti Incentives
2023JaguarF-Pace$1,169/month for 36 months, $4,995 due at signing5/31/23
View All Jaguar Incentives
2023JeepGrand Cherokee$3,500 2.90%$445/month for 39 months, $3,799 due at signing5/31/23
View All Jeep Incentives
2023KiaSorento3.25%$319/month for 36 months, $3,499 due at signing7/5/23
2023KiaSoul2.90%$239/month for 36 months, $2,799 due at signing7/5/23
View All Kia Incentives
2023Land RoverDiscovery Sport$829/month for 36 months, $4,995 due at signing5/31/23
View All Land Rover Incentives
2023Lexus ES4.99%$519/month for 39 months, $3,999 due at signing5/31/23
2023LexusRX 3504.99%$619/month for 39 months, $4,999 due at signing5/31/23
View All Lexus Incentives
View All Lincoln Incentives
2023MazdaCX-52.90%$299/month for 36 months, $2,999 due at signing5/31/23
2023MazdaCX-90.00%$390/month for 36 months, $3,999 due at signing5/31/23
View All Mazda Incentives
2023MitsubishiOutlander2.90%$389/month for 36 months, $3,388 due at signing5/31/23
2023MitsubishiEclipse Cross2.90%$389/month for 36 months, $3,388 due at signing5/31/23
View All Mitsubishi Incentives
2023MercedesCLA$549/month for 36 months, $4,403 due at signing5/31/23
2023MercedesGLS$1,139/month for 36 months, $7,733 due at signing5/31/23
View All Mercedes-Benz Incentives
2023NissanArmada1.99%$689/month for 36 months, $5,199 due at signing5/31/23
2023NissanLeaf2.99%$309/month for 36 months, $2,479 due at signing5/31/23
View All Nissan Incentives
View All Porsche Incentives
2023RAMRam Pickup 1500$3,000 2.90%$463/month for 42 months, $3,999 due at signing5/31/23
View All RAM Incentives
2023SubaruAscent3.90%$359/month for 36 months, $3,259 due at signing5/31/23
2023SubaruOutback3.90%$345/month for 36 months, $3,545 due at signing5/31/23
View All Subaru Incentives
2023ToyotaCamry4.99%$349/month for 36 months, $2,999 due at signing5/31/23
2023ToyotaCorolla Hybrid 5.99%$309/month for 36 months, $2,999 due at signing5/31/23
2023ToyotaRAV4 4.99%$339/month for 36 months, $2,999 due at signing5/31/23
View All Toyota Incentives
2023VolkswagenAtlas Cross Sport4.90%7/5/23
2023VolkswagenJetta
View All Volkswagen Incentives
2023VolvoXC90$2,000 4.99%$725/month for 36 months, $5,125 due at signing5/31/23
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.