Best 4th of July Car & SUV Deals For 2020

By

Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

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, Senior Pricing Analyst - July 2, 2020

We're obsessed with finding the best 4th of July deals on cars & SUVs. Unlike a typical Independence Day, shoppers in 2020 can expect to find a generous mix of rebates, 0% APR, and lease deals amidst COVID-19. Fortunately, our latest analysis finds that a handful of 84-month APR deals are back.

Here you'll find the best deals for buying & leasing based on a mix of advertised offers and deals you won't hear about anywhere else. We'll even tell you about future deals that haven't been announced yet plus hidden deals that you probably won't see advertised anywhere on TV or online.

Looking for a great deal on a pickup? See our early coverage of the best 4th of July truck deals.

Updated July 2, 3:49 pm
Volvo is now offering cash in addition to 0% APR
Mercedes is offering up to $10,000 off the S-Class
Lexus is now offering cash on top of 0% financing
Jaguar has cut lease prices by at least $10/mo
Mazda is offering up to a $1,000 4th of July bonus

Best 4th of July SUV Deals

Discounts on the Encore GX have increased by up to 65% when compared to offers last month. Thanks to a new Employee Pricing deal, most versions of the all-new SUV feature the best savings we've seen to date. Previously, discounts were limited to just $2,000.

Shoppers may even find the GX to be a superior value compared to its cousin, the 2021 Chevy TrailBlazer. That's because Chevy is offering a mere $550 discount on its newest SUV. Looking to upgrade? You'll find Employee Pricing on nearly every Buick right now.

Current offers end August 3. Check Encore GX Prices Near You »

Cherokees are now eligible for 84-month financing at rates as low as 0% APR. That's a deal we haven't seen since April, and is thus far unmatched by most competitors. The downside is that we're only seeing this deal in Western states like Nevada, Arizona, and Washington.

Elsewhere, expect to see 0% APR for 72 months. Interestingly, the Cherokee ranks at #2 in the latest American-Made Index from Cars.com. If you're looking to buy American and get a great deal, the Cherokee may appeal to you. Alternatively, the 2020 Compass offers 0.9% APR for 84 months.

Current offers end August 3. Check Cherokee Prices Near You »

Chevy Equinoxes are once again eligible for 0% APR for 84 months. This is a deal we last saw in May and replaces a similar offer from June that was limited to 72 months. If you're looking to lower your monthly payment and feel comfortable with the risks of a 7-year loan, this is a great opportunity to buy.

The Equinox is just one of 2 Chevy models that are eligible for this offer (the other is the 2020 Trax). Although the Equinox doesn't rank quite as highly in the American-Made Index as the Cherokee, Chevy's offer is available nationally versus just a handful of regions.

Current offers end August 3. Check Equinox Prices Near You »

Starting July 1, Chevy is offering 12% off the Blazer. All versions are eligible except for the entry-level L trim. In the case of the sporty RS model, the automaker says that's worth up to $6,091 off MSRP. That's by far the largest discount we've seen to date on the Blazer. Last month, the best rebate was worth just $3,250.

While that's certainly a big surge in savings, your actual discount may vary. For example, 12% off an Equinox LS is worth just $3,299. Chevy's official figure of over $6,000 is also based on a loaded configuration with an MSRP of over $50,000. As a result, your mileage may vary as far as how good a deal this ends up being.

Current offers end August 3. Check Blazer Prices Near You »

You can now lease a Pilot LX from just $239 for 36 months with $2,999 due at signing. That's one of the cheapest leases on a midsize SUV with an effective cost of just $322/month. Believe it or not, that's just $12 more than what the brand is advertising on the 2020 CR-V LX ($310 with $0 down).

Since the MSRP of the Pilot is $6,600 more expensive, shoppers will probably find it to be a massive upgrade for about the cost of a burger, fries, and shake. Just be aware that you'll have to qualify for a $1,000 discount for coming from a competitor or another Honda. But wait, there's more..

On June 26, Honda doubled its military discount and a bonus for healthcare workers and first responders to $1,000 (previously $500). If you're eligible, that's an additional reason for buying now rather than waiting.

Offers end July 6. Check Pilot Prices Near You »

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Best 4th of July Car Deals

Hyundai's 4th of July Sale launched on June 18 and offers a $500 bonus on the Elantra. That may not sound like much, but the vehicle was already the cheapest lease on a car in many parts of the country. After the $500 bonus, the Elantra SE can now be leased from $139 for 36 months with just $1,999 due at signing.

With an effective cost of $195 before taxes & fees, this is now the only car you can lease for under $200 a month. Confusingly, deals for buying the Elantra are nowhere near as good as before. Whereas you used to be able to find 0% APR for 84 months, now interest-free financing is limited to a 36-month loan.

Offers end July 6. Examples above are for Los Angeles but prices may be similar elsewhere. Check Elantra Prices Near You »

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Kia is offering the largest discount on any midsize car. In addition to a $4,000 rebate on most trims, those planning to trade-in a vehicle can qualify for a $1,000 bonus. That's $5,000 in combined savings, a 19.3% discount off the MSRP of an Optima S. The entry-level LX has a slight disadvantage with $4,500 off.

At $5,000 off, the Optima offers 5 times the savings of a 2020 Toyota Camry here in Southern California. As a result, shoppers may find that they're able to buy a midsize sedan for a compact car price. Prefer to lease? At $189 for 39 months with $2,999 at signing, the Optima LX has the cheapest lease on a midsize car.

Offers end July 6. Check Optima Prices Near You »

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American-Made Car Deals

If you're looking to buy the "most American" vehicle, look no further than the 2020 Ford Ranger pickup. According to Cars.com's 2020 American-Made Index, the Michigan-built truck ranks #1 on its list of the 91 most-American vehicles. Through July 6, it's eligible for 0% APR for up to 60 months.

Similarly, the 2020 Jeep Cherokee (mentioned earlier in this article) ranks #2 on the site's list and qualifies for 0% APR for 72 months. Those looking for a dose of luxury may like Cadillac's latest deal on the 2020 XT4 crossover, which is holding at 0% APR for 60 months plus $2,500 in rebates.

We've found more great deals and leases below on vehicles made in the U.S.A.

Explore Top American-Made Car Deals »

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Hidden 4th of July Deals

Most versions of the stylish C-Class sedan feature a $4,500 dealer cash incentive, the best deal we've seen to date. The trade-offs are that you can't combine the deal with a financing promo of 0% for 36 months, and both coupes and cabriolets aren't eligible.

Since this is a manufacturer-to-dealer incentive rather than a rebate, you'll have to shop around to find a dealer willing to pass along the full amount. That said, we think the chances of getting a great deal are high right now.

Offers end July 31. Check C-Class Prices Near You »

Most versions of the TLX qualify for as much as $8,700 off when you opt to lease. You can even get a $1,500 loyalty discount for a total of $10,200 in potential savings. That's by far the best deal we've seen to date, marking a rare opportunity to enjoy double-digit savings.

We're seeing a lot of deals from Acura this month, and not just for leasing. If you're planning to buy, Acura Financial Services is offering up to a $5,000 incentive. However, one of the important drawbacks is that you can't combine the offer with 0.9% APR for up to 72 months.

Offers end July 6. Check TLX Prices Near You »

Mercedes has just announced the biggest discount we've seen to date on its flagship sedan. Starting July 1, dealers are being given an unadvertised incentive worth $5,000 to help lower prices. However, you can actually double that with a $5,000 loyalty discount when financing through Mercedes-Benz Financial.

It's not often that we see double-digit discounts on the S-Class. However, shoppers should be aware that the offers are geared exclusively for the sedan. If you're looking to buy an S-Class coupe or cabriolet, expect to see higher prices.

Offers end July 31. Check S-Class Prices Near You »

Acura's most expensive car features the largest single discount on any vehicle. According to a dealer incentive bulletin, the NSX is eligible for a $20,000 bonus when taking out a loan or leasing through Acura Financial Services.

For those with less-expensive tastes, Acura is offering up to $12,000 off the flagship RLX. Even better, the offer doesn't require you to finance or lease through the manufacturer in order to get it.

Check NSX Prices Near You »

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All 4th of July Car & SUV Deals

Here are all 4th of July car sales by brand in alphabetical order.

Check back for updates!

Acura 4th of July Deals

Buick 4th of July Deals

  • Get Employee Pricing on all Buick cars & SUVs
  • Encore GX offers a best-ever deal of up to $3,294 off MSRP
  • Enclave offers a best-ever deal of up to $7,234 off MSRP Shop Buick »

Chevy 4th of July Deals

Chrysler 4th of July Deals

  • 0% APR for 84 months added Pacificas in the Southwest on June 25
  • Deferred payments for up to 90 days
  • Employee Pricing on Pacifica & Pacifica Hybrid Shop Chrysler »

Dodge 4th of July Deals

Ford 4th of July Deals

GMC 4th of July Deals

Honda 4th of July Deals

Hyundai 4th of July Deals

New! Jaguar 4th of July Deals

Jeep 4th of July Deals

New! Jaguar 4th of July Deals

New! Lexus 4th of July Deals

  • 0% APR for 60 months on all models
  • $500 to $2,000 APR Cash on some models when financing
  • Lexus IS leases start at just $309/month (California) Shop Lexus »

    Nissan 4th of July Deals

      Subaru 4th of July Deals

      Toyota 4th of July Deals

      Updated! Volvo 4th of July Deals

      • Volvo now offering cash bonuses on top of 0% APR
      • XC60 offers 0% APR for 60 months + up to $2,000 cash (California)
      • Up to $2,000 loyalty discount when purchasing Shop Volvo »

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      Shopping Tips For 4th of July Buyers

      Among the things every 4th of July shopper should know, the most important tip is that some brands are having issues keeping dealers stocked with inventory. In addition, programs to help consumers amidst COVID-19 have changed but continue to feature benefits like the option to defer your first month's payment.

      Although new car incentives change all the time, some brands consistently offer better discounts around holidays. However, these incentives often favor a brand's bestsellers. For example, Ford generally offers $1,000 in trade-in assistance cash on the Explorer but never vehicles like the F-150 Raptor or Shelby Mustang.

      Unfortunately, not every automaker is offering better deals. For example, Toyota actually raised financing rates after Memorial Day. On the flip side, not every brand has raised rates. However, the sad truth is that a lot of the crazy APR deals we've seen over the past 3 months have dried up and reduced one's buying power.

      The cheapest leases start at just $139/month on cars like the 2020 Hyundai Elantra. Assuming you've weighed the pros & cons of leasing, there are outstanding deals to be had. For example, the 2020 Honda Civic Hatchback features a Sign & Drive lease that makes it a superior value compared to a Toyota Corolla.

      Focused on price? We found 62 SUVs with a payment under $300 a month. We even found 25 leases with a payment of $199 or less. A lot of great deals can also be found on EVs, plug-ins, and hybrids. For example, the 2020 Toyota RAV4 Hybrid remains eligible for 0% APR financing, but the regular RAV4 is not.

      If leasing isn't for you, vehicles with the highest rebates and discounts can save you serious money when buying. For example, the 2020 Dodge Challenger is eligible for up to a $7,970 bonus on certain styles. The catch is that you'll have to give up 0% APR deals, which can potentially save you a lot of money in interest.

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      , Senior Pricing Analyst

      As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

      Follow On: Twitter

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