Presidents' Day 2024: 8 Best Car Deals You Can’t Miss

Feb 14, 2024 01:50 AM EST

PHOTO BLACK COUPES — (Photo : PEXELS/Torsten Dettlaff )

Celebrated on the third Monday of February, Presidents' Day, also recognized as Washington's Birthday, pays homage to former leaders of the U.S. While historically linked to mattress sales in the retail domain, car dealerships are making a significant push during the long weekend of February this year.

Should one be in the hunt for a new vehicle to purchase or lease, Presidents' Day 2024 presents an opportunity not to be missed. However, caution is advised when navigating holiday sales, despite the potential for attractive offers.

8 Best Car Deals on President's Day 2024

With Presidents' Day on the horizon, the debate continues over whether it's the opportune moment to invest in a new car. Although end-of-year sales are typically known for the best discounts, 2024 might just change that perception. According to Car Edge's report, a surplus of new vehicles has led to attractive financing, cash-back, and leasing opportunities extending into February. This makes Presidents' Day an advantageous time for purchasing a vehicle, provided you capitalize on the current promotions.

Meanwhile GoBanking Rates list the top 8 best car deals on President's Day 2024. Information was cited from various reports. Here is the list of cars that will have great discounts this February:

1.Hyundai Elantra SE Offer

GoBanking Rates, CarsDirect shared that one can lease the Elantra SE for $199 a month over a 36-month period, with an upfront payment of $3,499 required at the contract's inception. For purchasers, there's an option between receiving $1,000 in retail bonus cash or opting for a 4.49% APR financing deal that extends up to 60 months, available through February 29.

2.Nissan Ariya

Information is limited, but as the Nissan Leaf EV is being phased out, its successor, the Ariya, will be offered with a 0% financing deal for six years at dealers across the country around Presidents' Day, as reported by U.S. News & World Report.

Moreover, Car Edge reported that 2023 Ariya EV stands out with an offer of 0% APR financing for 72 months along with a total discount of $1,000. Meanwhile, for those interested in trucks, the 2023 Titan and Titan XD are available with 0% APR financing for 60 months, together with a total discount of $2,000.

3. Mazda CX 30

GoBanking Rates reports that while Car and Driver highlights some criticisms of the 2024 CX-30, the initial reaction is predominantly favorable. This enjoyable, compact SUV is available for purchase with a 1.9% APR over 60 months, and offers the added benefit of no payments for the first 90 days. It's advisable to consult with dealerships in your area or state to discover possibly more advantageous deals and conditions, such as additional incentive cash and conquest bonus cash opportunities.

4. Hyundai Santa Fe Hybrid

This time, the economical and lively Hyundai Santa Fe Hybrid is available with 0% financing for up to three years, along with an extra $1,000 discount. This offer ends on February 29.

5.Honda Ridgeline

In addition to its college graduate bonus, military appreciation discount, loyalty program, and special APR rates, Honda plans to provide 0.9% financing for up to three years on 2024 Ridgeline models, as reported by CarFax. This financing offer extends to 2023 models through February 29, with options for 2.9% APR from 37 to 60 months and 3.9% APR for 61 to 72 months.

6. Chevrolet Colorado

CarsDirect reports that lease payments for the 2024 MotorTrend Truck of the Year have become more affordable in February, now available at $369 monthly for a 36-month term, with an initial payment of $3,639 required at signing. The 2023 version of the truck is being offered for lease at $319 per month with $4,309 due at signing, including a $1,500 discount for individuals switching from a different lease. These promotions are set to end on March 4.

7. Ford Edge

According to Car and Driver, base price for 2024 Ford Edge is $39,960. The midsize crossover segment is highly competitive, yet choosing the often-overlooked Ford Edge could result in significant savings. For February, incentives offer up to $2,500 in customer and retail bonus cash, alongside zero-interest financing for a period of 60 months.

8. Subaru Outback

The Outback has firmly established itself as one of the most dependable multipurpose SUVs available today. Until February 29, any Outback model can be secured with a 1.9% APR financing deal for 48 months.