As Presidents’ Day approaches, many wonder if it’s a wise time to purchase a new vehicle. Traditionally, year-end sales boast the most attractive discounts, but 2024 is close to bucking that trend. Thanks to a continuing oversupply of new cars, the enticing offers of financing, cash back, and lease deals have spilled over into February, making Presidents’ Day a great time to buy a car, but only if you’re taking advantage of this month’s promotions. Let’s take a look at the 5 best offers for drivers looking to finance, lease, or pay cash this month.

The Best Presidents’ Day Financing Offers

Chevrolet: Drive home a 2024 Chevrolet Silverado 1500 at just 2.9% APR for up to 72 months. This is a rare truck financing offer at today’s interest rates! Learn more.

Nissan: The 2023 Ariya EV shines with 0% APR for 72 months plus $1,000 in total savings. For truck enthusiasts, the 2023 Titan and Titan XD come with 0% APR for 60 months, coupled with $2,000 in total savings.

Hyundai: The 2024 Tucson and 2023 Santa Fe are available at 0% APR for 36 months, with an added bonus of $1,000 off MSRP.

Ford: Finance a new 2023 F-150 at 1.9% APR (exclusive CarEdge offer)

Mazda: This month, there’s a 0% APR offer for the 2024 CX-30 and a 1.9% APR offer for 60 months for the 2024 CX-50 (most trims). The 2024 CX-5 qualifies for 0.9% APR (exclusive CarEdge offer)

Subaru: 1.9% APR for 48 months: 2024 Subaru Outback

👉 Truck Deals Abound: Keep an eye out for exceptional truck offers this Presidents’ Day. Here are the best truck deals in February.

The Best Presidents’ Day Cash Discounts

Hyundai: New Hyundais are available at invoice pricing, which means significant savings below MSRP (exclusive CarEdge offer).

Even more from Hyundai: Additionally, cash offers include $1,750 for the 2023 Sonata, $1,500 for the 2024 Tucson, and $1,750 for the 2023 Santa Fe.

GMC: The 2023 and 2024 Sierra 1500 models come with up to $3,250 cash incentive with trade-in, no payments for 90 days, plus 0.9% APR.

Ram: The 2023 Ram 1500 Classic is available at 15% below MSRP, and remaining 2023 Ram 1500s are eligible for a $4,000 discount.

Chevrolet: The 2024 Silverado 1500 offers either 2.9% APR for 72 months or a $5,000 total cash offer with a trade-in.

The Best Presidents’ Day Lease Deals

Jeep Compass Latitude Lux 4×4 (2024): Sign and drive lease for $399/month for 39 months, including a $1,500 loyalty incentive for returning Jeep lessees. (exclusive CarEdge offer)

Dodge Hornet R/T AWD (2024): Sign and drive lease for $449/month for 24 months, with a $4,500 loyalty incentive for returning Dodge lessees. (exclusive CarEdge offer)

Ram 1500 Quad Cab Night Edition 4×4 (2024): Sign and drive lease for $479/month for 42 months, including a $3,000 loyalty incentive for returning Ram lessees. (exclusive CarEdge offer)

Chevrolet Trax LS (2024): Sign & Drive lease for $359/month for 48 months, with a requirement of another lease in the household. (exclusive CarEdge offer)

Chevrolet Silverado 1500 2FL (2024): Sign & Drive lease for $499/month for 36 months, also requiring another lease in the household. (exclusive CarEdge offer)

Is Presidents’ Day a Good Time to Buy a Car?

In conclusion, Presidents’ Day car deals in 2024 are remarkably favorable due to the ongoing oversupply of new cars. This surplus has led to more aggressive offers from manufacturers, making it an excellent time to consider a new vehicle. Oddly enough, it seems that many of the best year-end deals have spilled over into the new year. However, if you don’t plan to take advantage of the best offers, high interest rates make this a costly time to buy. 

Our team has one simple take away message for you. If you’re going to buy a car this month, take advantage of low APR offers or attractive lease deals. Don’t fall victim to interest rates at 20-year highs!

👉 See ALL of the best APR offers this month

👉 See ALL of the best lease deals in February

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