Memorial Day Car Deals [2023 Edition]

Memorial Day Car Deals-01

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 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.

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

Memorial Day Car Deals-02Holiday 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

Memorial Day Car Deals-03With 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.

#1 Deal: 2023 Ford F-150

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

>> Check Ford F-150 Prices


 

#2 Deal: 2023 Subaru BRZ

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

>> Check Subaru BRZ Prices


 

#3 Deal: 2023 Kia EV6

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

>> Check Kia EV6 Prices


 

#4 Deal: 2023 Mazda CX-30

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

>> Check Mazda CX-30 Prices


 

#5 Deal: 2023 Honda Odyssey

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

>> Check Honda Odyssey Prices


YearMakeModelLease OffersExpirationCheck Prices
2023SubaruSolterra$399/month for 36 months, $399 due at signing4/1/24Check Prices
2024NissanLeaf$269/month for 36 months, $2,589 due at signing4/1/24Check Prices
2023SubaruWRX$365/month for 36 months, $2,490 due at signing4/1/24Check Prices
2024LexusRZ 450e$677/month for 27 months, $4,999 due at signing4/1/24Check Prices
2024NissanSentra$269/month for 36 months, $2,219 due at signing4/1/24Check 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
2023AcuraTLX1.90%$499/month for 24 months, $6,299 due at signing4/30/24
2024AcuraMDX1.90%$589/month for 24 months, $5,999 due at signing4/30/24
View All Acura Incentives
2024AudiA4$2,0004.99%$529/month for 36 months, $4,879 due at signing4/1/24
2024AudiQ3$399/month for 36 months, $4,869 due at signing4/1/24
View All Audi Incentives
2024BMW3-Series$589/month for 36 months, $4,639 due at signing4/1/24
2024BMW5-Series2.99%$699/month for 36 months, $6,559 due at signing4/1/24
2024BMWX32.99%$629/month for 36 months, $4,829 due at signing4/1/24
View All BMW Incentives
2023BuickEnclave$1,750$339/month for 24 months, $4,317 due at signing4/1/24
2023BuickEncore GX$1,250$189/month for 24 months, $3,987 due at signing4/1/24
View All Buick Incentives
2023GMCAcadia$2,000$269/month for 24 months, $3,939 due at signing4/1/24
2023GMCCanyon$489/month for 36 months, $3,439 due at signing4/1/24
View All GMC Incentives
2024CadillacXT6$1,2502.90%$559/month for 24 months, $4,839 due at signing4/30/24
2024CadillacXT4$7502.90%$439/month for 36 months, $3,799 due at signing4/30/24
View All Cadillac Incentives
2024ChevroletBlazer$309/month for 24 months, $2,919 due at signing4/30/24
2023ChevroletEquinox$269/month for 36 months, $1,789 due at signing4/30/24
2024ChevroletSilverado 1500$2,7504/30/24
View All Chevrolet Incentives
2023ChryslerPacifica$2,0004/1/24
View All Chrysler Incentives
2023DodgeCharger$2,9206.90%$429/month for 42 months, $5,649 due at signing4/1/24
View All Dodge Incentives
2024FordEdge0.90%$387/month for 48 months, $4,383 due at signing4/2/24
2024FordExplorer4.90%$470/month for 48 months, $4,316 due at signing4/2/24
2023FordRanger
View All Ford Incentives
2024HondaCR-V2.90%$299/month for 36 months, $3,399 due at signing4/30/24
2024HondaOdyssey$459/month for 36 months, $5,499 due at signing4/30/24
2024HondaRidgeline$399/month for 36 months, $3,799 due at signing4/30/24
View All Honda Incentives




YearMakeModelCash Incentives (up to)Best Avail. APRLease OffersExpiration
2024HyundaiElantra$1,0004.49%$199/month for 36 months, $3,499 due at signing4/1/24
2024HyundaiKona$1,0004.29%$232/month for 36 months, $4,012 due at signing4/1/24
2023HyundaiSonata$3,2503.29%$269/month for 36 months, $3,499 due at signing4/1/24
View All Hyundai Incentives
2024InfinitiQ503.90%$489/month for 36 months, $6,070 due at signing4/1/24
View All Infiniti Incentives
2024JaguarF-Pace 2.90%$849/month for 36 months, $6,995 due at signing4/1/24
View All Jaguar Incentives
2024JeepGrand Cherokee$3,5007.90%4/1/24
View All Jeep Incentives
2024KiaSorento4.75%$329/month for 36 months, $3,499 due at signing4/30/24
2024KiaSoul4.75%$229/month for 36 months, $3,499 due at signing4/30/24
View All Kia Incentives
2024Land RoverDiscovery Sport$899/month for 36 months, $5,995 due at signing4/1/24
View All Land Rover Incentives
2024Lexus ES4.99%$569/month for 36 months, $3,999 due at signing4/1/24
2024LexusRX 3503.49%$528/month for 36 months, $4,999 due at signing4/1/24
View All Lexus Incentives
View All Lincoln Incentives
2024MazdaCX-52.90%$269/month for 33 months, $5,219 due at signing4/1/24
2023MazdaCX-9
View All Mazda Incentives
2023MitsubishiOutlander0.00%$456/month for 48 months, $3,455 due at signing4/1/24
2024MitsubishiEclipse Cross0.00%$409/month for 36 months, $3,408 due at signing4/1/24
View All Mitsubishi Incentives
2023MercedesCLA$519/month for 36 months, $4,413 due at signing4/1/24
2023MercedesGLS$1,139/month for 36 months, $7,733 due at signing4/1/24
View All Mercedes-Benz Incentives
2024NissanArmada5.90%$719/month for 36 months, $5,699 due at signing4/1/24
2023NissanLeaf4.90%$269/month for 36 months, $2,629 due at signing4/1/24
View All Nissan Incentives
View All Porsche Incentives
2023RAMRam Pickup 1500$4,0004.90%4/1/24
View All RAM Incentives
2024SubaruAscent2.90%$419/month for 36 months, $3,319 due at signing4/1/24
2024SubaruOutback1.90%$305/month for 36 months, $3,055 due at signing4/1/24
View All Subaru Incentives
2024ToyotaCamry4.75%$299/month for 36 months, $4,999 due at signing4/1/24
2024ToyotaCorolla Hybrid6.75%$279/month for 36 months, $4,999 due at signing4/1/24
2024ToyotaRAV43.99%$329/month for 36 months, $4,999 due at signing4/1/24
View All Toyota Incentives
2024VolkswagenAtlas Cross Sport1.90%$389/month for 36 months, $4,999 due at signing4/30/24
2024VolkswagenJetta1.90%$279/month for 36 months, $2,999 due at signing4/30/24
View All Volkswagen Incentives
2024VolvoXC904.99%$659/month for 36 months, $6,655 due at signing4/1/24
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.