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.
Memorial Day weekend kicks off a summer car-selling season with deals on many of today’s popular models.
Table of Contents
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 December.
#10 Deal: 2023 Nissan Leaf
|Financing Offer:||1.9% APR for 72 months|
|Lease Deal:||$279/month for 36 months, $4,004 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||Volkswagen||Tiguan||$519/month for 36 months, $0 due at signing||1/3/23||Check Prices|
|2023||Subaru||Crosstrek||$285/month for 36 months, $2,585 due at signing||1/3/23||Check Prices|
|2023||Honda||Odyssey||$409/month for 36 months, $6,499 due at signing||1/3/23||Check Prices|
|2023||Toyota||4Runner||$429/month for 39 months, $2,999 due at signing||1/3/23||Check Prices|
|2022||Ford||F-150||$449/month for 36 months, $4,669 due at signing||1/3/23||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%||$479/month for 36 months, $5,999 due at signing||1/3/23|
|2023||Acura||MDX||3.90%||$689/month for 36 months, $5,799 due at signing||1/3/23|
|View All Acura Incentives|
|View All Audi Incentives|
|2023||BMW||3-Series||$539/month for 36 months, $4,639 due at signing||1/3/23|
|2023||BMW||5-Series||$639/month for 36 months, $6,419 due at signing||1/3/23|
|2023||BMW||X3||$589/month for 36 months, $5,949 due at signing||1/3/23|
|View All BMW Incentives|
|2023||Buick||Enclave||4.49%||$369/month for 24 months, $4,039 due at signing||1/3/23|
|View All Buick Incentives|
|2022||GMC||Canyon||4.49%||$259/month for 24 months, $5,399 due at signing||1/3/23|
|View All GMC Incentives|
|2022||Cadillac||XT6||$1,000||4.39%||$479/month for 24 months, $4,919 due at signing||1/3/23|
|2023||Cadillac||XT4||4.39%||$379/month for 36 months, $3,579 due at signing||1/3/23|
|View All Cadillac Incentives|
|2022||Chevrolet||Blazer||$1,250||4.99%||$249/month for 24 months, $2,709 due at signing||1/3/23|
|2022||Chevrolet||Equinox||$1,500||3.99%||$239/month for 24 months, $2,289 due at signing||1/3/23|
|2022||Chevrolet||Silverado 1500||$349/month for 24 months, $5,419 due at signing||1/3/23|
|View All Chevrolet Incentives|
|2022||Chrysler||Pacifica||$648/month for 39 months, $4,749 due at signing||1/3/23|
|View All Chrysler Incentives|
|2022||Dodge||Charger||$1,000||$461/month for 36 months, $4,249 due at signing||1/3/23|
|View All Dodge Incentives|
|2022||Ford||EcoSport||3.90%||$309/month for 36 months, $2,999 due at signing||1/3/23|
|2023||Ford||Explorer||3.90%||$493/month for 36 months, $4,319 due at signing||1/3/23|
|2022||Ford||Ranger||4.90%||$359/month for 36 months, $3,739 due at signing||1/3/23|
|View All Ford Incentives|
|2022||Honda||CR-V||3.90%||$309/month for 36 months, $3,799 due at signing||1/3/23|
|2023||Honda||Odyssey||3.90%||$409/month for 36 months, $6,499 due at signing||1/3/23|
|2022||Honda||Ridgeline||1.90%||$399/month for 36 months, $5,099 due at signing||1/3/23|
|View All Honda Incentives|
|Year||Make||Model||Cash Incentives (up to)||Best Avail. APR||Lease Offers||Expiration|
|2023||Hyundai||Elantra||$1,250||0.00%||$325/month for 36 months, $0 due at signing||1/3/23|
|2022||Hyundai||Kona||$1,250||0.00%||$194/month for 36 months, $3,884 due at signing||1/3/23|
|2023||Hyundai||Sonata||$1,750||0.00%||$254/month for 36 months, $3,284 due at signing||1/3/23|
|View All Hyundai Incentives|
|View All Infiniti Incentives|
|2023||Jaguar||F-Pace||$1,099/month for 36 months, $4,995 due at signing||1/3/23|
|View All Jaguar Incentives|
|2022||Jeep||Grand Cherokee||$467/month for 39 months, $3,799 due at signing||1/3/23|
|View All Jeep Incentives|
|2022||Kia||Sorento||2.90%||$309/month for 36 months, $3,570 due at signing||1/3/23|
|2023||Kia||Soul||2.90%||$229/month for 36 months, $2,870 due at signing||1/3/23|
|View All Kia Incentives|
|2023||Land Rover||Discovery Sport||$759/month for 36 months, $4,995 due at signing||1/3/23|
|View All Land Rover Incentives|
|View All Lexus Incentives|
|View All Lincoln Incentives|
|2023||Mazda||CX-5||2.90%||$319/month for 36 months, $2,999 due at signing||1/3/23|
|2023||Mazda||CX-9||2.90%||$424/month for 36 months, $3,499 due at signing||1/3/23|
|View All Mazda Incentives|
|2022||Mitsubishi||Outlander||1.90%||$359/month for 27 months, $3,358 due at signing||1/3/23|
|2023||Mitsubishi||Eclipse Cross||2.90%||$369/month for 27 months, $3,368 due at signing||1/3/23|
|View All Mitsubishi Incentives|
|2022||Mercedes||CLA||$529/month for 36 months, $4,193 due at signing||1/3/23|
|2022||Mercedes||GLS||$1,109/month for 36 months, $7,053 due at signing||1/3/23|
|View All Mercedes-Benz Incentives|
|2022||Nissan||Armada||2.99%||$689/month for 36 months, $7,579 due at signing||1/3/23|
|2023||Nissan||Leaf||2.99%||$269/month for 36 months, $5,239 due at signing||1/3/23|
|View All Nissan Incentives|
|View All Porsche Incentives|
|2022||RAM||Ram Pickup 1500||4.90%||$299/month for 42 months, $4,999 due at signing||1/3/23|
|View All RAM Incentives|
|2022||Subaru||Ascent||2.90%||$329/month for 36 months, $3,829 due at signing||1/3/23|
|2023||Subaru||Outback||3.90%||$345/month for 36 months, $3,545 due at signing||1/3/23|
|View All Subaru Incentives|
|2023||Toyota||Camry||4.99%||$339/month for 39 months, $2,999 due at signing||1/3/23|
|2023||Toyota||Corolla Hybrid||4.99%||$269/month for 39 months, $2,999 due at signing||1/3/23|
|2023||Toyota||RAV4||4.99%||$319/month for 39 months, $2,999 due at signing||1/3/23|
|View All Toyota Incentives|
|2023||Volkswagen||Atlas Cross Sport||5.05%||$709/month for 36 months, $0 due at signing||1/3/23|
|View All Volkswagen Incentives|
|2023||Volvo||XC90||6.99%||$755/month for 36 months, $5,155 due at signing||1/3/23|
|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.