Best Black Friday 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 - November 24, 2020

We're on a mission to find the best Black Friday car & SUV deals for 2020. The best holiday car sales show clear advantages over last year due to the pandemic, with special offers like free Amazon gift cards, 0% APR for 84 months, Employee Pricing, and no payments till 2021.

CarsDirect's continuous coverage can provide you with inside info you won't find anywhere else. In addition to crazy deals on luxury cars and discounts worth up to $10,000, we've even uncovered hidden savings that can save you big money whether you're buying or leasing.

Offers below are listed with the latest deals at the top.

Updated November 24, 3:43 pm
Mazda is offering an extra $500 off the CX-5 crossover
2021 Hyundai Tucsons now eligible for 0% for 6 years plus $500 cash

Best Black Friday SUV Deals

2021 Hyundai Tucson

On November 24, Hyundai began offering an extra $500 plus 0% APR for 72 months on the latest version of the Tucson crossover. This marks an unusually good deal for a 2021 model, although we think it's worth noting that 2020 Tucsons qualify for a similar offer with the added value of No Payments For 5 Months.

If you opt for a 2020 model, you should know that Hyundai is actually offering a choice between No Payments For 5 Months or a $1,000 Holiday Bonus. However, taking the deferral could be a much smarter bet because it's actually comprised of 2 parts: a 90-day deferral and 2 payments on Hyundai valued at up to $1,000.

Thinking of leasing? The 2020 Tucson SE currently ranks among the cheapest leases on a compact SUV with offers starting at just $179/month here in Los Angeles.

Offer ends January 4. Check Tucson Prices Near You »

2021 Subaru Outback

On November 19, Subaru began offering 0% APR for 63 months on the latest version of the Outback. This marks the first time that we've seen zero-interest financing on the 2021 model and is a substantial improvement for buyers. Previously, the best deal was 0.9% for 48 months.

In addition to costing less than before, the latest deal offers the chance to lower your payment significantly. On a $30,000 wagon, a 4-year loan at 0.9% would cost $555 in interest at $637/month. Now, the same vehicle has no interest and comes in at $476/month before taxes & fees.

That's a difference of $161/month! Considering another Subaru? The 2021 Legacy and Ascent both feature the same great deal.

Offers end on November 30. Check Outback Prices Near You »

2020 Ford Explorer

Ford is now offering no payments for 90 days across its lineup. Even better, you can combine the offer with 0% APR for 60 months plus a $2,000 trade-in assistance bonus. Alternatively, giving up the financing can get you access to $3,000 in rebates for $5,000 in potential savings ($1,000 more than last month).

That said, we suggest waiting if you're planning to lease your Explorer. That's because November lease deals are unchanged, a potential red flag for consumers considering the fact that Ford usually offers massive lease discounts around holidays. If time is on your side, Black Friday could yield better lease prices.

Update: On November 13, Ford began offering a $500 Amazon Gift Card in California and Arizona. The offer can be stacked with other incentives and is set to expire on November 30. This type of incentive is rare and has previously been limited to 1-day sales rather than 2-week deals like this year.

Unless noted otherwise, most offers end on January 4. Check Explorer Prices Near You »

2020 Nissan Kicks

Nissan is offering a $500 Holiday Bonus on all versions of the budget-friendly Kicks crossover. What's really impressive is that you can combine the discount with 0% financing for 72 months plus a $500 APR Bonus. That's $1,000 on top of no interest for 6 years.

Thinking of upgrading? The 2020 Rogue offers the same $500 holiday bonus in most of the country. Other qualifying vehicles can vary by region. In Florida, you'll find an extra $500 on the 2020 Versa, while buyers in Chicago will find an extra $1,000 off the 2020 Titan.

Offer ends November 30. Check Kicks Prices Near You »

2020 GMC Terrain

Terrains feature a rare chance to take advantage of interest-free financing for up to 7 years. A month ago, there were no 0% APR deals whatsoever. For illustrative purposes, this can translate to over $5,600 in savings in the case of a $30,000 SUV with as much as a $67/month advantage in payment.

The catch is that the entry-level Terrain SL is excluded and you'll have to give up a $5,750 rebate. It's also worth knowing that 2021 Terrains are eligible for a $4,500 rebate but don't offer a Black Friday promotion. The only other GMC with 0% APR for 84 months (that's still in stock) is the 2020 Acadia.

Offer ends November 30. Check Terrain Prices Near You »

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Best Black Friday Car Deals

2021 Kia K5

Starting November 11, the new K5 features a $500 Holiday Bonus. This is the first rebate we've seen to date on the all-new sedan, which replaces the Optima. Even better, you can combine the offer with 0.9% APR financing for 66 months. The bonus can also be applied toward a lease.

As a result, the cost to lease an LXS has fallen to $189 for 36 months with $3,170 at signing. With an effective cost of $277/month, the car now undercuts the 2020 Toyota Camry LE ($285) and is just $10 more expensive than a 2021 Hyundai Sonata SE ($267) here in Los Angeles.

Offer ends November 30. Check K5 Prices Near You »

2021 Jaguar F-TYPE

It's not surprising that the F-TYPE is eligible for 0% APR for 72 months. After all, that's the same deal Jaguar has been offering since the start of the pandemic. What is surprising is a whopping $10,000 direct mail coupon that's being sent to current Jaguar owners as well as select customers looking to switch brands.

According to a dealer incentive bulletin, you can combine the $10,000 with any other offer for financing or leasing. Previously, big F-TYPE discounts required sacrificing 0% APR. As a result, we think eligible holiday shoppers may want to ensure that they take a good look at their junk mail before tossing it this month.

Update: Jaguar is now allowing buyers to stack the $10,000 with a $6,000 Allowance Credit for $16,000 in potential savings! The catch is that you'll have to give up 0% financing to get the $6,000. Compared to a 6-year loan at 5%, our analysis finds that taking 0% APR over the $6,000 could save over $4,200 in interest on a $70,000 car.

Offer ends January 4. Check F-TYPE Prices Near You »

2020 Genesis G70

There hasn't been a better time to buy a G70. That's because a new Sign & Drive lease and $1,000 Holiday Bonus can help you get behind the wheel of one for as little as $339 for 36 months with $0 due at signing. In addition to being one of the best bang-for-buck leases on a luxury car, it's also one of the cheapest.

Alternatively, buying a G70 can get you hidden savings. First, Genesis is offering 0% APR financing for 72 months plus the Holiday Bonus. You can even get an extra $1,000 for coming from a competitor. Finally, dealers are being given up to $1,500 in dealer cash to help lower prices for $3,500 in combined savings.

Offer ends November 30. Check G70 Prices Near You »

2020 Chevy Bolt EV

A special promo through Costco can get you an extra $3,000 in savings that you can't get otherwise. In San Francisco, Chevy is offering up to $11,650 in combined savings when coming from another lease. As a result, you can lease a Bolt LT from as little as $176 for 36 months with just $176 due at signing.

While that's more expensive than previous months, we still consider it the best lease on an EV. It's also worth noting that the price doesn't include plug-in incentives like the $2,000 California Clean Vehicle Rebate. Elsewhere, the car can be leased from just $215/month with $215 due at signing.

Offer ends November 30. Check Bolt EV Prices Near You »

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All 2020 Black Friday Car & SUV Deals

Every Black Friday Deal by brand, in alphabetical order.

Acura Black Friday Deals

Buick Black Friday Deals

Cadillac Black Friday Deals

Chevy Black Friday Deals

Chrysler Black Friday Deals

Ford Black Friday Deals

Genesis Black Friday Deals

  • Genesis is offering a $1,000 Holiday Bonus plus 0% APR for 72 months
  • The best deals are on the 2020 G70 and G80 luxury sedans
  • Sign & Drive leases start at $339/mo with $0 down on the G70 Shop Genesis »

GMC Black Friday Deals

Honda Black Friday Deals

Hyundai Black Friday Deals

      Jeep Black Friday Deals

      Kia Black Friday Deals

      Lexus Black Friday Deals

      Lincoln Black Friday Deals

      New! Mazda Black Friday Deals

      • 0% APR + $500 APR Bonus on 2020 CX-5 (Southeast, Western States)
      • No payments for 90 days when financing through Mazda Capital
      • Lease a 2021 Mazda3 from $189/month Shop Mazda »

      Nissan Black Friday Deals

      • $500 Holiday Bonus on 2020 Kicks, Rogue & More
      • Can be combined with 0% APR for 72 months on Kicks
      • Rogue now offers up to $2,000 plus 0% financing $500 Shop Nissan »

      RAM Black Friday Deals

      Subaru Black Friday Deals

      Updated! Toyota Black Friday Deals

      • Select 2020 & 2021 Toyotas offer up to a $1,000 Holiday Bonus in the Southeast
      • 2021 RAV4 offers 0% APR for 48 months + $500 Holiday Bonus (Florida)
      • 2020 Camry offers 0% APR for 60 months + $1,000 Holiday Bonus (Florida) Shop Toyota »

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              Tips For Black Friday Car & SUV Buyers

              Black Friday shoppers will find new car inventory very tough to find in most parts of the country. Although vehicle production has ramped up since the early part of the pandemic, we're continuing to see a troubling lack of cars & trucks. 2020 models are rapidly selling out but there isn't a ton of 2021 inventory to replace it.

              Fortunately, recent analysis shows that 2021 deals may be better than you expect. The problem is that limited availability and high demand means that manufacturer incentives may be offset by high prices at dealers. In most cases, you may need to shop around to find the exact configuration you want.

              Most brands have eliminated COVID-19 assistance programs but a number of companies are offering 0% financing. While some of these APR deals may seem impressive, we recommend weighing the pros & cons of loans up to 84 months based on your priorities and tolerance for the possibility of negative equity.

              It's also worth remembering that a major tradeoff of APR deals is that they can't be combined with rebates. In some cases, you may find that it actually makes sense to turn down 0% financing in favor of a traditional cash incentive. Be sure to research average auto loan rates & requirements for those with bad credit.

              Interestingly, some automakers are offering special incentives simply for taking out a loan. For example, Nissan is offering a $2,000 rebate on 2020 Rogues. However, financing can get you access to rates as low as 0% APR for 60 months plus $1,500 in Special APR Cash. Here, financing could be a no-brainer.

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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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