Memorial Day Car Deals [2023 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 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.
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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 September.
#1 Deal: 2023 RAM 1500
| Cash Back Offer: | Up to $4,000 |
| Financing Offer: | 2.9% APR for 72 months |
| Lease Deal: | $463/month for 42 months, $3,999 due at signing |
#2 Deal: 2023 Volvo XC90
| Cash Back Offer: | 2,000 |
| Financing Offer: | 4.99% for 72 months |
| Lease Deal: | $725/month for 36 months, $5,125 due at signing |
#3 Deal: 2023 Honda Ridgeline
| Cash Back Offer: | N/A |
| Financing Offer: | 0.9% APR for 24-36 months |
| Lease Deal: | $349/month for 36 months, $3,999 due at signing |
#4 Deal: 2023 Mazda3 Hatchback
| Cash Back Offer: | N/A |
| Financing Offer: | 2.9% APR for 36 months |
| Lease Deal: | $329/month for 36 months, $2,499 due at signing |
#5 Deal: 2023 Dodge Durango
| Cash Back Offer: | $4,000 |
| Financing Offer: | 7.26% APR for 60 months plus $2,000 in bonus cash |
| Lease Deal: | $399/month for 36 months, $5,399 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 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
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.
#1 Deal: 2023 Ford F-150
Lease Deal: $429/month for 36 months, $5,459 due at signing
#2 Deal: 2023 Subaru BRZ
Lease Deal: $419/month for 36 months, $1,469 due at signing
#3 Deal: 2023 Kia EV6
Lease Deal: $499/month for 36 months, $4,999 due at signing
#4 Deal: 2023 Mazda CX-30
Lease Deal: $301/month for 36 months, $2,999 due at signing
#5 Deal: 2023 Honda Odyssey
Lease Deal: $429/month for 36 months, $6,299 due at signing
| Year | Make | Model | Lease Offers | Expiration | Check Prices |
|---|---|---|---|---|---|
| 2023 | Toyota | Corolla | $299/month for 36 months, $1,999 due at signing | 10/3/23 | Check Prices |
| 2023 | Chevrolet | Bolt EV | $299/month for 36 months, $4,609 due at signing | 10/2/23 | Check Prices |
| 2023 | Ford | Bronco Sport | $386/month for 48 months, $3,467 due at signing | 10/2/23 | Check Prices |
| 2024 | Honda | Civic | $259/month for 36 months, $3,399 due at signing | 10/31/23 | Check Prices |
| 2023 | Hyundai | Santa Fe | $269/month for 36 months, $3,999 due at signing | 10/2/23 | 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 |
|---|---|---|---|---|---|---|
| 2023 | Acura | TLX | 4.90% | $419/month for 48 months, $4,999 due at signing | 10/31/23 | |
| 2023 | Acura | MDX | 4.90% | $609/month for 36 months, $4,999 due at signing | 10/31/23 | |
| View All Acura Incentives | ||||||
| 2023 | Audi | A4 | 6.49% | $519/month for 36 months, $4,869 due at signing | 10/2/23 | |
| 2023 | Audi | Q3 | 6.99% | 10/2/23 | ||
| View All Audi Incentives | ||||||
| 2023 | BMW | 3-Series | $569/month for 36 months, $5,099 due at signing | 10/2/23 | ||
| 2023 | BMW | 5-Series | $749/month for 36 months, $6,419 due at signing | 10/2/23 | ||
| 2023 | BMW | X3 | $629/month for 36 months, $5,819 due at signing | 10/2/23 | ||
| View All BMW Incentives | ||||||
| 2023 | Buick | Enclave | $500 | $349/month for 24 months, $3,970 due at signing | 10/2/23 | |
| 2023 | Buick | Encore GX | $1,250 | $199/month for 24 months, $3,989 due at signing | 10/2/23 | |
| View All Buick Incentives | ||||||
| 2023 | GMC | Acadia | $289/month for 24 months, $2,999 due at signing | 10/2/23 | ||
| 2022 | GMC | Canyon | ||||
| View All GMC Incentives | ||||||
| 2023 | Cadillac | XT6 | $1,000 | 2.90% | $559/month for 24 months, $4,979 due at signing | 10/2/23 |
| 2023 | Cadillac | XT4 | $1,500 | 2.90% | $419/month for 36 months, $3,479 due at signing | 10/2/23 |
| View All Cadillac Incentives | ||||||
| 2023 | Chevrolet | Blazer | $1,250 | $279/month for 24 months, $3,479 due at signing | 10/2/23 | |
| 2022 | Chevrolet | Equinox | $1,250 | 2.10% | $269/month for 24 months, $2,349 due at signing | 10/2/23 |
| 2023 | Chevrolet | Silverado 1500 | $750 | 0.00% | $399/month for 24 months, $5,129 due at signing | 10/2/23 |
| View All Chevrolet Incentives | ||||||
| 2023 | Chrysler | Pacifica | $500 | 7.96% | $449/month for 39 months, $5,499 due at signing | 10/2/23 |
| View All Chrysler Incentives | ||||||
| 2023 | Dodge | Charger | $2,000 | 6.90% | $449/month for 36 months, $5,099 due at signing | 10/2/23 |
| View All Dodge Incentives | ||||||
| 2023 | Ford | Edge | $452/month for 48 months, $4,396 due at signing | 10/2/23 | ||
| 2023 | Ford | Explorer | $488/month for 48 months, $4,324 due at signing | 10/2/23 | ||
| 2023 | Ford | Ranger | ||||
| View All Ford Incentives | ||||||
| 2023 | Honda | CR-V | 3.90% | $309/month for 36 months, $3,399 due at signing | 10/31/23 | |
| 2023 | Honda | Odyssey | ||||
| 2023 | Honda | Ridgeline | 0.90% | $339/month for 36 months, $3,799 due at signing | 10/31/23 | |
| View All Honda Incentives | ||||||
| Year | Make | Model | Cash Incentives (up to) | Best Avail. APR | Lease Offers | Expiration |
|---|---|---|---|---|---|---|
| 2023 | Hyundai | Elantra | $1,000 | 3.75% | $219/month for 36 months, $3,499 due at signing | 10/2/23 |
| 2023 | Hyundai | Kona | $1,500 | 3.29% | $202/month for 36 months, $4,012 due at signing | 10/2/23 |
| 2023 | Hyundai | Sonata | $500 | 3.49% | $385/month for 36 months, $3,499 due at signing | 10/2/23 |
| View All Hyundai Incentives | ||||||
| 2023 | Infiniti | Q50 | 5.90% | $499/month for 36 months, $5,255 due at signing | 10/2/23 | |
| View All Infiniti Incentives | ||||||
| 2023 | Jaguar | F-Pace | 3.90% | $1,139/month for 36 months, $4,995 due at signing | 10/2/23 | |
| View All Jaguar Incentives | ||||||
| 2023 | Jeep | Grand Cherokee | $3,000 | 2.90% | $443/month for 39 months, $3,799 due at signing | 10/2/23 |
| View All Jeep Incentives | ||||||
| 2023 | Kia | Sorento | 3.25% | $299/month for 36 months, $3,499 due at signing | 10/31/23 | |
| 2023 | Kia | Soul | 2.90% | $239/month for 36 months, $2,799 due at signing | 10/31/23 | |
| View All Kia Incentives | ||||||
| 2023 | Land Rover | Discovery Sport | $939/month for 36 months, $4,995 due at signing | 10/2/23 | ||
| View All Land Rover Incentives | ||||||
| 2023 | Lexus | ES | 4.99% | $579/month for 36 months, $3,999 due at signing | 10/2/23 | |
| 2023 | Lexus | RX 350 | 3.99% | $649/month for 36 months, $4,999 due at signing | 10/2/23 | |
| View All Lexus Incentives | ||||||
| View All Lincoln Incentives | ||||||
| 2023 | Mazda | CX-5 | 2.90% | $329/month for 36 months, $2,999 due at signing | 10/2/23 | |
| 2023 | Mazda | CX-9 | ||||
| View All Mazda Incentives | ||||||
| 2023 | Mitsubishi | Outlander | 3.99% | $449/month for 36 months, $3,448 due at signing | 10/2/23 | |
| 2023 | Mitsubishi | Eclipse Cross | 4.99% | $399/month for 36 months, $3,398 due at signing | 10/2/23 | |
| View All Mitsubishi Incentives | ||||||
| 2023 | Mercedes | CLA | $479/month for 36 months, $4,193 due at signing | 10/2/23 | ||
| 2023 | Mercedes | GLS | $1,149/month for 36 months, $7,743 due at signing | 10/2/23 | ||
| View All Mercedes-Benz Incentives | ||||||
| 2023 | Nissan | Armada | 1.99% | $849/month for 36 months, $2,999 due at signing | 10/2/23 | |
| 2023 | Nissan | Leaf | 2.99% | $299/month for 36 months, $2,319 due at signing | 10/2/23 | |
| View All Nissan Incentives | ||||||
| View All Porsche Incentives | ||||||
| 2023 | RAM | Ram Pickup 1500 | $4,000 | 2.90% | $359/month for 42 months, $5,599 due at signing | 10/2/23 |
| View All RAM Incentives | ||||||
| 2023 | Subaru | Ascent | 3.90% | $359/month for 36 months, $3,259 due at signing | 10/2/23 | |
| 2024 | Subaru | Outback | 4.90% | $319/month for 36 months, $3,069 due at signing | 10/2/23 | |
| View All Subaru Incentives | ||||||
| 2023 | Toyota | Camry | 4.99% | $359/month for 36 months, $2,999 due at signing | 10/3/23 | |
| 2023 | Toyota | Corolla Hybrid | $329/month for 36 months, $2,999 due at signing | 10/3/23 | ||
| 2023 | Toyota | RAV4 | 4.99% | $369/month for 36 months, $2,999 due at signing | 10/3/23 | |
| View All Toyota Incentives | ||||||
| 2023 | Volkswagen | Atlas Cross Sport | 3.90% | 10/31/23 | ||
| 2023 | Volkswagen | Jetta | 4.90% | 10/31/23 | ||
| View All Volkswagen Incentives | ||||||
| 2023 | Volvo | XC90 | $2,500 | 4.99% | $565/month for 36 months, $5,665 due at signing | 10/2/23 |
| 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.
