New Report: The Best Memorial Day Car Deals

Cars with American flags
Image Credit: Dreamstime

Memorial Day is looking a little different this year due to the coronavirus pandemic, but it’s always an important time to remember those who gave their lives for our freedom.

In addition to honoring our nation’s heroes, you can typically find great bargains during Memorial Day weekend. In fact, money expert Clark Howard says you can find great car deals right now if your finances are strong and you need a car.

“If you are a lucky person who has a job that is secure and you were planning to buy either a new or used vehicle, this is a great time to buy,” he says.

To help you choose, U.S. News & World Report just released its list of 2020’s Best Memorial Day Car Deals. The list includes a mix of cars, trucks and family vehicles, along with financing or lease incentives.

Here Are the Best Car Deals for Memorial Day

Now let’s take a look at some of the vehicles in U.S. News & World Report’s Best Memorial Day car deals list:

ModelBest Cars Rankings Score (Out of 10)Available Deal
2020 Buick Enclave8.00% financing for 84 months
2020 Chevrolet Silverado 15008.3$363 per month for 39 months with zero due at signing
2020 Chrysler Pacifica Hybrid8.30% financing for 72 months
2020 GMC Canyon8.50% financing for 84 months
2020 Honda CR-V8.7$320 per month for 35 months with zero due at signing
2020 Mazda MX-5 Miata8.40% financing for 60 months with up to $1,000 bonus cash and a 90-day first payment deferral
2020 Subaru Outback8.0$249 per month for 36 months with $2,449 due at signing
2020 Toyota Corolla8.0$149 per month for 36 months with $2,999 due at signing
2020 Volkswagen GTI8.60% financing for 72 months with a 120-day first payment deferral

See the complete list from U.S. News & World Report here.

Final Thought

Clark says the pandemic has hurt the car industry, so dealers are looking to get rid of their inventories by offering big discounts. 

“May, June, early July, it’s going to be a great time for people who are in the market for a vehicle, whether it is new or used,” he says.

If you plan to start shopping for a car soon, here are five things you need to consider before making this major financial purchase.

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