Best Memorial Day Car Deals for 2020: Huge Markdowns on These New Rides

We’re experts on a lot here at MotorTrend, but when it comes to data-driven analyses on the best new car deals, we leave it to the pros at IntelliChoice. For more than 30 years, IntelliChoice (a part of the MotorTrend Group) has been honing its craft, making the lives of car buyers easier by researching the best certified pre-owned programs, best new-car overall values, and the best deals.

IntelliChoice shared with us the best car deals around the country this Memorial Day weekend so we can share them with you.

Chevrolet is offering a massive $8,500 rebate on its electric hatchback. At nearly 22 percent of the Bolt’s base price, the discount is proportionally the largest on our list. The car was impressive enough to take home our 2017 Car of the Year award when new and has even more range for 2020. Its ride quality isn’t the best in the segment and it won’t charge as quickly as a Hyundai Kona EV but those flaws are much easier to swallow with an $8,500 discount.

There’s nothing quite like a handsome British luxury sedan, and Jaguar has big deals on the XF this weekend (and until June 1). You can score $9,000 off four-cylinder XF variants and $11,000 off an XF S with the supercharged V-6. We adore the simple, elegant lines of this Jag, and its taut ride and excellent steering make it one of the most fun cars in its segment. Oh, and you may be able to negotiate quite a bit more off the Sportbrake wagon. 

Among Kia’s offerings this weekend are significant discounts on the soon-to-be-replaced 2020 Optima. For Memorial Day weekend through the first of June, Kia has $3,500 on the hood of the Optima LX and SE or $4,000 off the Optima EX, S, and SX. Although the current, fourth-gen Optima doesn’t feel like a premium step forward the way its predecessor did, the midsize sedan still offers a quiet comfortable ride, great infotainment, and strong value, especially with a choice discount.

Dodge is offering discounts across the board for its old-school muscle car. Everything from the V-6 AWD Challenger GT to the 797-hp Hellcat Redeye Widebody sees big rebates, from $3,050 off the 305-hp GT to $7,970 off the 797-hp Redeye variants (get it?). We appreciate the way the Challenger knows what it is: a big, heavy, power-forward muscle car that looks the absolute business. Especially with a fat discount, we’d love to add one of these to the driveway.

If you’re in the market for a Chrysler 300, you can score a $3,250 rebate this weekend on the comfy cruiser. It was much improved with the addition of an eight-speed automatic for 2018 but the interior is as dated as the second-gen 300’s 2011 introduction would suggest. That said, it’s one of the last large American sedans and a few thousand on the hood certainly sweetens the deal.

Families need discounts as much as anyone and Kia is offering $4,000 off its Sorento minivan. It’s one of the more stylish vans on the market, inside and out, and it proved exceptionally usable during our year-long loan a few years back. Sure, the newly revealed 2021 Toyota Sienna looks impressive, but Toyota isn’t the automaker putting an extra $4,000 in your pocket.

The ILX is already Acura’s least expensive offering and it becomes even more accessible with the $2,200 rebate available this Memorial Day weekend and running through June 1. Acura gave the ILX a refresh for 2019 with restyled sheetmetal, Apple CarPlay and Android Auto support, and a suite of active safety equipment. With the help of that rebate, this is a great opportunity to join the luxury car landscape without spending too much cash.

Fiat is offering a $2,000 rebate on the purchase of a 124 Spider. Yes, it’s a rebodied Mazda MX-5 with a turbocharged Fiat engine, but that’s a recipe for a pretty enjoyable roadster. The recently updated Miata is compelling, but you’d never catch us complaining about a ride in a front-engine, rear-driver convertible with a manual transmission.