Best Presidents' Day Car Deals For 2018

By

Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

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, Senior Pricing Analyst - February 7, 2018

Presidents' Day can be a great time to buy a car thanks to holiday deals on a variety of new cars. Promos are off to a slow start, but expect to see a mix of financing specials, cashback offers and lease deals prior to February 19.

Not seeing a deal on a model you like? Check out our monthly analysis of Best Lease Deals and Best Deals to get an insider's look at where the best savings can be found.

We'll be updating this page with the latest deals as they're announced. Most Presidents' Day deals will be in effect through February 28.

Updated 2:53 pm Tuesday, February 20

Acura Holiday Offers Updated 2/15

Acura RDX

Acura has added $1,350 in factory lease cash on all versions of the 2018 ILX for Presidents' Day. That's a 33% increase compared to last month. You can lease one from just $199 for 36 months with $2,499 due at signing.

That equates to an effective cost of just $268/month. Believe it or not, that's actually $5 less than the 2018 Honda Civic EX despite a $6,935 difference in MSRP.

From February 2, the amount due at signing has been cut by $300 on the popular 2018 RDX. You can now lease one from just $299 for 36 months with $2,499 at signing.

Based on our analysis, this equates to an effective cost of $368/month. If you can believe it, that's the same as an entry-level TLX despite a $3,045 difference in MSRP!

On February 15, Acura introduced 2.99% financing for 60 months on CPO versions of the the ILX, TLX, RDX, MDX and RLX. Although we've seen rates as low as 0.9% in the past, this is a new option for those not looking to buy new.

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Buick Holiday Offers

Buick Envision

All month, Buick is offering a flat 18% discount off certain versions of the Envision crossover. Buick says this can equate to as much as $7,551 in potential savings. But there's a catch.

To get the full amount, you'll have to choose an Essence or Premium model. Alternatively, Buick is offering 0% APR for 72 months plus a $2,000 bonus.

On a $38,000 vehicle, our analysis actually finds that you'd save about $2,406 more overall by taking the 18% instead and financing at 3% for 5 years.

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Cadillac Holiday Offers Added 2/15

On February 15, Cadillac added a $1,000 lease discount on all versions of the popular 2018 XT5. As a result, the payment has fallen $30 to just $329 for 36 months with $3,979 at signing.

That equates to an effective cost of $440/month, a pretty good deal for a vehicle with an MSRP over $40,000. That's $2 less than a Lexus NX 300 even though the Cadillac is nearly $2,600 more expensive.

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Chevy Holiday Offers Added 2/15

Beginning February 15, Chevy is offering a $1,000 conquest bonus for anyone coming from a 1999-or-newer non-GM vehicle. Alternatively, you can get twice that amount if that vehicle is a lease.

If you're considering an Equinox, be sure to consider an LT model since they're eligible for an extra $1,000 off. With other offers, competitive lessees will be eligible for up to $4,250 in savings.

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GMC Holiday Offers

GMC Acadia

GMC is offering 15% off all 2018 Acadias for the month of February. On a loaded Denali, the automaker says you can now save up to $7,621 off MSRP. But there's a catch.

At the same time, you also have the opportunity to choose a flat $5,750 rebate instead. If you're considering a more affordable SLE model, you'd probably save more by taking the cash.

On a $34,000 vehicle, our analysis shows you'd save about $5,100 with the 15% discount. That equates to a $650 advantage when taking the rebate instead.

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Honda Holiday Offers Updated 2/15

Honda Fit

Starting February 7, all versions of the 2018 Fit benefit from a $400 increase in lease discounts. You can now lease a Fit Sport from just $159 for 36 months with $2,299 due at signing.

This equates to an effective cost of just $223/month, a $10 improvement. Interestingly, that's actually $52/month cheaper than a Toyota Yaris iA ($275) here in Los Angeles despite the Fit's $1,245 higher MSRP.

If you'd prefer to own your car, Honda has extended 0.9% financing to 60 months (up from just 36). A new 72-month option has also been added at 1.9% APR.

Beginning February 15, Honda is offering 2.99% APR on certified used Civic models. Although this isn't the best deal we've seen to date, it's a new option for pre-owned vehicle shoppers.

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Hyundai Holiday Sale Updated 2/09

Hyundai Sonata

Starting February 6, Hyundai has introduced a $10 price cut on the Sonata. The catch is that you can only find the deal in Cleveland, Los Angeles, Miami and Philadelphia.

You can now lease a Sonata SE from just $199 for 36 months with $2,399 due at signing, for an effective cost of $266/month. In a place like Los Angeles, that's $33 less than a Chevy Cruze LT ($297).

Beginning February 9, Hyundai is offering Event Cash on the 7-passenger Santa Fe. However, the amount varies depending on where you live.

In places like Las Vegas and Salt Lake City, it's worth an extra $1,500. In Eastern states, the amount is $1,000.

In New York, you can now get up to $2,500 off any Santa Fe. Current Hyundai owners can get another $500 off for $3,000 in potential savings.

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Kia Holiday Sale Added 2/16

Kia Sportage

  • $500 Presidents' Day Bonus (East Coast) Ends 2/28

Beginning February 16, Kia is offering a $500 Presidents' Day Bonus. Unfortunately, the deal is only being listed as available in East Coast states. Eligible vehicles include the 2018 Forte, Optima, Sportage and Sorento.

In New York, you can now get up to $3,000 off any version of the Sorento. Alternatively, you can choose 0% APR for 75 months, the $500 bonus and enjoy No Payments For 90 Days.

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Mazda Holiday Event Added 2/15

Mazda CX-9

Starting February 15, Mazda is offering extra cash in select regions.

  • Gulf Region: $500 Finance Bonus Ends 2/28

You can now get a $500 bonus when financing any 2018 Mazda3, CX-3 or CX-9. Since the deal can be combined with promotional rates, there are some pretty good deals to be had.

In Houston, the CX-9 is now eligible for 0% APR for 60 months plus $500 cash. Your other choice is a $1,500 rebate, but our analysis shows your total cost would actually be lower with 0% financing.

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Toyota Holiday Sale Updated 2/16

Toyota has been adding regional offers at different points in the month.

Here are the best ones you should know about.

As of February 14, those in places like Pennsylvania can now get an extra $500 off any 2018 RAV4 or RAV4 Hybrid, for up to $1,500 in total savings. However, some may find it smarter to take 0% APR for 60 months plus $1,000 cash.

Starting February 16, buyers in Cincinnati can get an extra $500 when financing any 2018 Camry through Toyota Financial. Even better, the deal can be combined with 0.9% financing for 72 months.

Beginning February 13, the 2018 Corolla LE benefits from a $20/month cut in lease price. It now starts at $159 for 36 months with $1,999 due at signing, making this the best deal we've seen to date.

Its effective cost comes out to just $215/month, making this one of the cheapest leases on a car. Unlike competitors, the Corolla comes with a ton of tech like automatic emergency braking and lane departure warning.

You can now get 0% financing for 72 months on 2017 Tacomas, a huge improvement over the 1.9% rate at the start of February. This is the first time we've ever seen 0% APR on the Tacoma. TRD Pro models are excluded.

On February 14, Toyota introduced a $500 bonus on the 2018 RAV4 and RAV4 Hybrid in San Francisco. You can now save up to $2,000 when buying, or take advantage of 0% APR for 60 months plus up to $1,000 cash.

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All Top Presidents' Day Deals Updated

Manufacturer Offer Description Featured Deal Expiration
Acura Cheaper leases on ILX, RDX Added 2/02 $199/month lease on ILX, $299/month on RDX 2/28/18
Buick 18% Off Select Buick Envisions Up to $7,551 off Envision Essence 2/28/18
Cadillac $30 price cut on XT5 lease Added 2/15 $329/month lease on XT5 2/28/18
Chevrolet Larger bonus on Equinox for owners & lessees of a competitor Added 2/15 Up to $4,250 off Equinox LT 2/28/18
GMC 15% Off All GMC Acadias Up to $7,621 off Acadia Denali 2/28/18
Honda Special Lease Discounts on Honda Fit Added 2/07 $159/month lease on Fit Sport 2/28/18
Hyundai $10/Month Price Cut on Sonata, Cash Bonus on Select Models Updated 2/09 $199/month lease on Sonata SE, Up to $1,500 Event Cash on Santa Fe 2/28/18
Kia $500 regional bonus cash on East Coast Added 2/16 Up to $3,000 off Sorentos 2/28/18
Mazda $500 bonus cash in Gulf States Added 2/16 0% APR for 60 months + $500 cash on CX-9 2/28/18
Toyota Regional bonus cash, new lease price cuts Updated 2/16 0% APR for 72 months on Tacoma, $239/month lease on Highlander, $159/month lease on Corolla 2/19/18

Additional Resources

Doing your homework in advance can save you time (and money). Explore the following topics to make an informed decision when buying a new car this month.

When do new car incentives come out?

Are holidays really a good time to buy?

What are the best new car deals right now?

What are the best lease deals?

What are the absolute cheapest cars to lease?

What are the top vehicles in each segment?

, Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

Follow On: Google+ | Website