More 2020 GMC Canyon Deals in Your Area
Check Deal Availability »2020 GMC Canyon
Purchase Deal: 0% financing for 84 months
GMC is offering seven years of interest-free financing this Memorial Day on all but the base model of the 2020 GMC Canyon. The Canyon is a versatile compact pickup with a choice of capable powertrains, agile handling for a truck, and a host of standard tech features.
You can outfit the Canyon with three different powertrains. The base engine is a 200-horsepower four-cylinder that's adequate for light use, but struggles under heavy loads. The available 308-horsepower V6, which is matched to an eight-speed automatic transmission, provides more confident acceleration. Though the available turbocharged four-cylinder only makes 181 horsepower, its massive amount of torque gives you the power you need to tow and haul. Properly equipped, the Canyon can tow up to 7,700 pounds.
Inside the Canyon, you’ll find a well-appointed cabin – especially if you choose the luxurious Canyon Denali trim. Every Canyon comes standard with a touch-screen infotainment system that supports Android Auto and Apple CarPlay. An onboard Wi-Fi hot spot is included on upper trims.
The Canyon holds a mid-pack spot in our ranking of compact pickup trucks. Its placement is held down by a lousy predicted reliability score of just two out of five.
More 2020 Mazda MX-5 Miata Deals in Your Area
Check Deal Availability »2020 Mazda MX-5 Miata
Purchase Deal: 0% financing for 60 months with up to $1,000 bonus cash plus first payment deferred for 90 days
Great financing deals are uncommon on Mazda’s iconic roadster. This Memorial Day’s Miata deal is excellent, however, with five-year, zero percent financing and up to $1,000 cash back in some regions. Mazda will defer your first payment for up to 90 days, so you can save your cash until summer’s end.
The 2020 Mazda MX-5 Miata is a simple, nimble, and lightweight roadster with a choice of either a soft top or a power-retractable hardtop. A six-speed manual comes standard, and it's the gearbox to get if you want to wring the maximum fun out of the car's 181-horsepower four-cylinder engine. A six-speed automatic transmission is available.
In our sports car ranking, the Miata earns a spot near the top of the list. For 2020, Mazda added several technologies to the two-seater's feature list. Low-speed automatic emergency braking, blind spot monitoring, and rear cross traffic alert now come standard. Support for Android Auto and Apple CarPlay is now available.
More 2020 Honda CR-V Deals in Your Area
Check Deal Availability »2020 Honda CR-V
Lease Deal: $320 per month for 35 months with zero due at signing
Honda is offering a zero-down lease deal this Memorial Day on their popular CR-V compact SUV. Though the monthly payments are a somewhat high $320 per month, the lack of an up-front payment more than offsets the pricey monthly installments.
The 2020 Honda CR-V lease deal applies to the LX trim level with front-wheel drive, though you can upgrade to an all-wheel-drive CR-V lease for $20 more per month. There is a limit of 36,000 miles over the three-year contract before excess mileage fees apply.
The Honda CR-V is the top-rated model in our ranking of compact SUVs. It is also the winner of our 2020 Best Compact SUV for the Money award. The CR-V has a comfortable cabin and a large cargo area, which is easy to access due to its low load floor. For 2020, Honda equips every CR-V with automatic emergency braking, adaptive cruise control, and lane-keeping assist.
Every CR-V is powered by a 1.5-liter turbocharged four-cylinder engine that produces 190 horsepower. It’s matched to a continuously variable automatic transmission (CVT).
Please note that your credit score and location will affect your eligibility for this offer. Contact your local Honda dealership for additional details.
More 2020 Chrysler Pacifica Hybrid Deals in Your Area
Check Deal Availability »2020 Chrysler Pacifica Hybrid
Purchase Deal: 0% financing for 72 months
This Memorial Day weekend brings an uncommonly good deal to the 2020 Chrysler Pacifica Hybrid. The automaker is offering a six-year zero percent financing deal on the plug-in hybrid. It's the kind of deal more often found on the gas-only Chrysler Pacifica.
When charged from an external source, the Pacifica Hybrid can travel up to 32 miles on electric power alone. It then operates like a traditional hybrid, earning an EPA-estimated 30 mpg.
The Pacifica Hybrid earns a spot near the top of our ranking of hybrid and electric SUVs. Though its hybrid battery pack doesn’t allow it to have Stow ‘n Go second-row seats that fold into the floor, the seven-seat cabin is roomy and comfortable. All Pacifica Hybrids come with a UConnect 8.4-inch infotainment system that’s easy to use and feature-packed.
The Pacifica Hybrid comes standard with fewer active safety and driver assistance features than most rivals. Worse, you need to opt for one of the highest trim models even to have the option of adding features such as automatic emergency braking.
More 2020 Volkswagen GTI Deals in Your Area
Check Deal Availability »2020 Volkswagen GTI
Purchase Deal: 0% financing for 72 months with 120-day first payment deferral
The 2020 Volkswagen GTI is not a car you often see deeply discounted. This Memorial Day, you can buy a Golf GTI with a six-year zero percent financing deal that can save you thousands in financing costs. VW will also allow you to put off making your first payment for 120 days.
The GTI, which was a founding member of the hot hatch segment, is powered by a 228-horsepower turbo-four. It's mated to either a six-speed manual or seven-speed dual-clutch automatic transmission. Its performance upgrades make it one of the more athletic and agile performers in the class.
Our compact car ranking shows the GTI in the top spot. While its performance comes at the cost of fuel economy, a high starting price, and a rougher ride than most peers, most GTI buyers overlook the trade-offs as the price they have to pay for agility.
For 2020, every GTI comes with automatic emergency braking, blind spot monitoring, and rear cross traffic alert. A redesigned GTI has been announced, but it’s unclear when it will arrive on U.S. shores.
More 2020 Subaru Outback Deals in Your Area
Check Deal Availability »2020 Subaru Outback
Lease Deal: $249 per month for 36 months with $2,449 due at signing
The 2020 Subaru Outback is an excellent four-season adventurer, with car-like handling and SUV-style capability. Subaru completely redesigned the Outback for 2020, giving it an updated look and a variety of newly available features.
This month’s Outback lease deal has monthly payments of $249 for three years, with $2,449 due at signing. The deal has a cap of 36,000 miles and applies to the base model.
The Outback’s standard equipment list includes all-wheel drive, a continuously variable automatic transmission (CVT), and the EyeSight suite of advanced driver assistance and safety technologies. It includes automatic emergency braking, adaptive cruise control, and lane-keeping assist. The base model’s cabin is outfitted with a 7-inch infotainment system that supports Android Auto, Apple CarPlay, and includes a pair of USB ports.
In our ranking of wagons, the new Outback scores a slot near the top of the list.
More 2020 Chevrolet Equinox Deals in Your Area
Check Deal Availability »2020 Chevrolet Equinox
Purchase Deal: $4,750 cash back
While there are many excellent financing deals available this Memorial Day, they're not all that helpful if you plan to pay cash or have a high-value trade-in. Fortunately, the list of 2020 Chevrolet Equinox deals includes both financing and cash-back offers.
Chevy is offering a choice of a seven-year zero percent financing deal or $4,750 cash back on all but the base model of the 2020 Equinox.
The Chevy Equinox earns a spot just below the segment leaders in our ranking of compact SUVs. Its base engine, though underpowered, receives excellent EPA fuel economy estimates. Its perfect predicted reliability rating of five out of five is unmatched in the segment. That means Chevy's compact crossover is less likely to need costly repairs as it ages than its peers.
Equinox updates for 2020 include a host of newly standard safety and driver assistance features, including automatic emergency braking, lane-keeping assist, and a rear-seat reminder to let you know that you may have left a pet, person, or package behind.
More 2020 Hyundai Tucson Deals in Your Area
Check Deal Availability »2020 Hyundai Tucson
Purchase Deal: 0% financing for up to 84 months plus first payment deferred for 90 days
This Memorial Day, Hyundai is offering no-interest financing for up to seven years on the 2020 Tucson. They’re also offering to defer your first payment of 90 days, which allows you to skip your car payments for much of the summer. Of course, those payments are added to the end of your loan term.
The 2020 Hyundai Tucson holds a mid-pack spot in our ranking of compact SUVs. Though its engine power is uninspiring and provides below-average fuel economy ratings, the Tucson has a smooth ride and comfortable front seats. It comes standard with a 7-inch touch-screen infotainment system with support for both Android Auto and Apple CarPlay. Upper trims get an 8-inch touch screen.
The Tucson has a predicted reliability rating that's well above average. It also benefits from one of the best warranties in the business, with powertrain coverage for 10 years or 100,000 miles. Every Tucson comes standard with automatic emergency braking, lane-keeping assist, and driver drowsiness monitoring. It’s a 2020 Insurance Institute for Highway Safety (IIHS) Top Safety Pick.
Keep in mind that your credit score will affect your eligibility for this deal.
More 2020 Chevrolet Silverado 1500 Deals in Your Area
Check Deal Availability »2020 Chevrolet Silverado 1500
Purchase Deal: $363 per month for 39 months with zero due at signing for current GM and non-GM lessees
Chevy Silverado lease deals are pretty common, but Silverado lease deals with nothing due at signing are almost unheard of. This Memorial Day, you can lease a 2020 Chevrolet Silverado 1500 Custom Crew Cab with zero down and payments of $363 per month for 39 months.
You'll want to move quickly to take advantage of the deal. Chevy pickup production was shut down for about two months, and some dealers are running short of popular models. The lease deal has a 32,500-mile cap, which is a bit low for a pickup lease. It's prudent for you to determine a reasonable estimate of how many miles you drive before you decide to lease.
The 2020 Chevy Silverado holds a mid-pack spot in our ranking of full-size pickups. Though not the largest or best-appointed, its cabs are roomy and comfortable. The Silverado Custom specified in the lease deal comes with a 285-horsepower V6, a six-speed automatic transmission, and a 7-inch infotainment system that supports both Android Auto and Apple CarPlay.
More 2020 Buick Enclave Deals in Your Area
Check Deal Availability »2020 Buick Enclave
Purchase Deal: 0% financing for 84 months
The 2020 Buick Enclave is a quiet, refined 3-row midsize SUV with generous cargo capacity and a powerful 310-horsepower V6. This Memorial Day, you can purchase one with a seven-year financing deal with zero percent interest. The deal applies to all Enclave models.
Buick is also offering $4,500 cash back. Unless you're paying cash, making a substantial down payment, or trading in a high-value vehicle, the financing deal will likely save you more money.
In our ranking of midsize SUVs, the seven-seat Enclave holds a spot about a third of the way down the list. While the Enclave has a long list of comfort and cabin tech features, its list of standard advanced safety and driver assistance features is much shorter. You have to opt for an upper trim level to get automatic emergency braking.
More 2020 Toyota Corolla Deals in Your Area
Check Deal Availability »2020 Toyota Corolla
Lease Deal: As low as $149 per month for 36 months with $2,999 due at signing
The 2020 Toyota Corolla lease deal you can receive this Memorial Day is based on where you live. Some regions have payments as low as $149, while others cost up to $199 per month. Amounts due at signing range from about $1,900 to $3,000.
Depending on your location, the Corolla deals apply to either the LE or SE trim levels. They include 10,000 to 12,000 miles under their mileage cap.
Toyota completely redesigned the Corolla sedan for 2020. Though its base engine isn’t awe-inspiring, its 4.5 out of five on our predicted reliability rating is enough to make other automakers jealous. The Corolla holds a spot about two-thirds of the way down our ranking of compact cars. It was a finalist for our 2020 Best Compact Car for the Money award.
All Corolla models come standard with Toyota Safety Sense 2.0. The package includes automatic emergency braking, adaptive cruise control, automatic high-beam headlights, and a lane tracing assist system that works to keep you centered in your lane.
More 2020 Dodge Challenger Deals in Your Area
Check Deal Availability »2020 Dodge Challenger
Purchase Deal: Up to $7,970 cash back
Dodge continues to offer its Power Dollars promotion through the Memorial Day weekend. It provides a cash rebate of $10 per horsepower on the 2020 Dodge Challenger. The cash-back amount ranges from $3,050 on 305-horsepower V6 Challengers to $7,970 on the mighty 797-horsepower Challenger SRT Hellcat Redeye.
Unlike most cars in the sports car class, the Challenger is huge, with a large trunk and a rear seat that’s usable by, well, humans. While it has been some time since Dodge revamped the retro-designed model, they've continued to update it, with new powertrains and cabin technology. All-wheel drive is available on V6 models, and every model now features an infotainment system that supports Apple CarPlay and Android Auto. Advanced safety tech, including forward collision warning and adaptive cruise control is available.
The 2020 Challenger holds a spot in the upper half of our sports car ranking. Some rivals are a bit more nimble than the Dodge, though none beat it for cabin comfort.
More 2020 Jeep Gladiator Deals in Your Area
Check Deal Availability »2020 Jeep Gladiator
Lease Deal: As low as $209 per month for 36 months with $2,629 due at signing
For years, Jeep buyers begged the company to build a pickup version of the Wrangler. For 2020, they finally delivered with the all-new 2020 Jeep Gladiator. It features the passenger space and legendary off-road prowess of the Wrangler Unlimited, with a five-foot bed in the rear.
Because the Gladiator has a high residual value, Jeep can offer impressive lease deals. This month’s three-year leases vary widely by region, with payments ranging from $209 to $279 per month, with between $2,700 and $4,000 due at signing. The deals have a mileage limit of 30,000 and apply either the Sport or Sport S model, depending on the region.
While others in the compact pickup market have specific models configured for off-road performance, every Gladiator comes standard with four-wheel drive, skid-plating, and excellent ground clearance. Like the Wrangler, the Gladiator’s top and doors are removable.
The Gladiator is not currently scored in our ranking of compact pickup trucks. We’ll include it once we have a full set of crash test scores.
More 2019 Chevrolet Corvette Deals in Your Area
See all deals »2019 Chevrolet Corvette Stingray
Purchase Deal: 0% financing for 84 months or 120-day first payment deferral
Chevrolet was only able to produce a few 2020 Corvette’s before the coronavirus pandemic shuttered their Bowling Green, Kentucky assembly line. Fortunately, there are still plenty of 2019s on dealer lots, and this Memorial Day’s deal makes them a steal.
No, the 2019 Chevrolet Corvette Stingray won't touch the performance of the redesigned 2020 model. Still, the seven-year zero percent financing deal they’re offering is hard to ignore. It’s available on all but the base model of the Stingray.
The 2019 Stingray packs a V8 that produces 455 horsepower with the standard exhaust or 460 horsepower with the optional performance exhaust. It’s the last new Corvette you can buy with a manual transmission, as the 2020 drops the stick-shift option. It has exceptionally civilized road manners, given its performance intentions, which are only enhanced if you opt for the available magnetic ride control. Though not quite as swanky as some luxury sports car rivals, the seventh-generation (C7) Corvette interior features top-notch quality and materials that place it light-years ahead of previous generations. It’s available in coupe and convertible models.
Your credit score will affect your eligibility for this offer.
More 2020 Kia Sorento Deals in Your Area
Check Deal Availability »2020 Kia Sorento
Purchase Deal: 0% financing for 75 months
This Memorial Day, Kia is offering a zero percent financing deal for 75-months on the 2020 Kia Sorento. You'll need excellent credit to qualify, but if you do, you’ll save thousands on the midsize SUV. The Sorento holds a spot just below the segment leaders in our midsize SUV ranking.
Kia's 3-row midsize SUV has an excellent predicted reliability score of 4.5 out of five and one of the best warranties around, with 10 years or 100,000 miles of powertrain coverage. Its $26,990 base price makes it one of the most affordable in the class.
The 2020 Sorento has a well-appointed cabin, easy-to-use infotainment technology, and plenty of room in its first two rows of seats. The specs say that the Sorento seats seven, but they should say it seats five adults plus two kids, as its rear seat is spaced close to the back of the second row. Its cargo room is limited – especially if the third row is in use.
It is the winner of our 2020 Best 3-Row SUV for the Money award. The Sorento is also an IIHS Top Safety Pick.
More 2020 Hyundai Elantra Deals in Your Area
Check Deal Availability »2020 Hyundai Elantra
Lease Deal: As low as $119 per month for 36 months with $2,970 due at signing
In some parts of the country, you can lease a 2020 Hyundai Elantra the Memorial Day weekend for about the same as a monthly cell phone bill. They’re offering the four-door compact sedan with payments between $119 and $189 per month and about $2,300 to $3,000 due at signing.
The Elantra lease deal applies to the SE trim level and has a limit of 30,000 miles.
In our ranking of compact cars, the Elantra holds a mid-pack position. It has a predicted reliability rating that’s above average, more standard tech features than many rivals, and fantastic fuel economy for a non-hybrid. Every Elantra comes standard with driver attention monitoring, lane-keeping assist, and automatic emergency braking. It was named a Top Safety Pick by the IIHS.
There’s a fully redesigned Elantra on the way for 2021.
More Shopping Tools From U.S. News & World Report
The Memorial Day deals on the previous pages are a small sample of the incentives available in the marketplace. You can find more cash-back and financing deals on our new car deals page. Lease offers with low monthly payments and little due at signing can be found on our lease deals page.
At U.S. News, we recognize that the lives of many Americans have been turned upside down by the coronavirus pandemic. We are doing our best to give you all the information you need to help you keep up with your car payments and understand how the market has changed. Our guide to what to do if you can’t make your car payment due to the pandemic provides advice on what to do to keep your car. We also have an article discussing what all the auto manufacturers are doing to help consumers and employees during this difficult time. Check out our guide on car deals being offered by carmakers during the coronavirus pandemic. Our guide to the coronavirus and cars highlights the pandemic’s far-reaching impacts across the industry.
One of our guiding principles is that you can’t get a good deal unless you get a good car. That’s why we’ve designed our new car rankings and reviews to answer the questions shoppers tell us are crucial to their buying and leasing decisions.
In addition to car deals, a great way to save money on a purchase or lease is to use the U.S. News Best Price Program. We connect shoppers with local dealers offering pre-negotiated pricing. Buyers save an average of more than $3,000 when they use the program. The Best Price Program can also help you identify dealers with online purchase and lease programs, plus those who can deliver a car to your door.
No car purchase or lease is complete without the right car insurance. Our car insurance hub can answer your questions about the coverage you need, the cheapest insurance company in your state, and money-saving discounts. Our guide to the coronavirus and car insurance provides insights about today’s car insurance landscape.
16 Best Memorial Day Car Deals for 2020
- 2020 GMC Canyon: 0% financing for 84 months
- 2020 Mazda MX-5 Miata: 0% financing for 60 months
- 2020 Honda CR-V: $320 per month for 35 months
- 2020 Chrysler Pacifica Hybrid: 0% financing for 72 months
- 2020 Volkswagen GTI: 0% financing for 72 months
- 2020 Subaru Outback: $249 per month for 36 months
- 2020 Chevrolet Equinox: $4,750 cash back
- 2020 Hyundai Tucson: 0% financing for up to 84 months
- 2020 Chevrolet Silverado 1500: $363 per month for 39 months
- 2020 Buick Enclave: 0% financing for 84 months
- 2020 Toyota Corolla: As low as $149 per month for 36 months
- 2020 Dodge Challenger: Up to $7,970 cash back
- 2020 Jeep Gladiator: As low as $209 per month for 36 months
- 2019 Chevrolet Corvette Stingray: 0% financing for 84 months
- 2020 Kia Sorento: 0% financing for 75 months
- 2020 Hyundai Elantra: As low as $119 per month for 36 months
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Get a Great Deal on a New Car This Memorial Day Weekend
Memorial Day is the national holiday where America honors those who made the ultimate sacrifice in military service to their country. The weekend also marks the unofficial start to summer and the gateway to the summer driving season.
As the country starts to reopen from the coronavirus pandemic, this year’s Memorial Day weekend will be the first time many have emerged from stay at home orders. For shoppers looking to buy or lease a new car, it’s a great time to save thousands of dollars. Automakers and their dealers watched sales tumble as the COVID-19 crisis hobbled the economy. Now they’re offering fantastic deals to bring shoppers back into the marketplace.
Many of the best Memorial Day car deals are zero percent financing deals for a long as seven years. There are also several excellent lease deals, with nothing due at signing or low monthly payments. Some automakers are offering cash-back deals, but they're not as plentiful as usual.
Dealerships have adapted to the pandemic by expanding the availability of online services to find, negotiate, and finalize car purchases. The U.S. News Best Price Program can help you identify dealerships with robust online operations and the ability to deliver a new car to your door.
Some of the best Memorial Day lease deals and financing deals are shown on the following pages. It's important to remember that many deals are limited to certain areas, available only to buyers with top-notch credit, and are subject to dealer supply. With reduced dealer staff at dealers and lenders, it may take longer to complete a deal, so it's essential to move quickly to take advantage of these car deals. Some models may be in short supply due to pandemic-related factory shutdowns.
Unless otherwise noted, these deals expire on June 1.