Presidents Day 2023 Car Deals & How To Save on Insurance

Car prices remain high in 2023, mainly due to the shortage of inventory and chips at the end of 2022, but prices are dropping and will continue to drop 5 to 20% according to J.P. Morgan. Inventory is improving and demand has stabilized, mainly due to higher interest rates on loans, over 5% for new cars and over 9% on used ones. According to Autoblog, your best chances of finding good prices is to buy domestic and avoid buying an SUV, which are still expensive.

While you won’t get rock-bottom prices across the board on all cars, some manufacturers are offering great deals on Presidents Day, whether you’re financing or leasing. What’s more, when you buy a car at a lower price, you’ll pay less in car insurance. See how it works and where you can find the best deals this President’s Day.

Why Are Presidents Day Car Sales So Big?

It’s the first sale of the year, and car dealerships need to get ahead of the new year slump in car sales to prepare for spring shipments. Dealers are anxious to sell as many cars as possible while demand is high. It’s also more than half way through the month and car dealers want to hit lofty sales goals by month’s end and possibly even a bonus from the manufacturer, even if they sell below the ticket price. With that said, discounts on MSRP are better on other three-day weekends, like Memorial Day, Fourth of July and Labor Day.

Get Personalized Car Insurance Quotes Here

Is Presidents Day Weekend the Best Time to Buy a Car?

The best months to buy a car are October, November and December. If that’s not possible, buying towards the end of the month is ideal. However, a three-day weekend holiday like Presidents Day is also a time when you may find a deal but January through April are slow-selling months and have the smallest discounts off MSRP, with February earning the smallest discounts.

Car prices are dropping and will continue to drop 5 to 20% according to J.P. Morgan.

If You’re Financing or Leasing, You’ll Need Full Coverage Car Insurance

Full coverage car insurance isn't a specific type of car insurance policy, but rather a combination of collision and comprehensive on top of state requirements. Most lenders will require that you buy these coverages in case of an accident. If you total your car or it gets stolen, they want to know that they will get their money back.

The Best Financing Deals You’ll Find Presidents Day 2023

Manufacturer	Model(s)	Deal	Expiration
Acura	Integra, MDX, RDX	3.9% for up to 60 months	February 28, 2023
Audi	Most 2022 models	3.99% for up to 60 months	February 28, 2023
Buick	Encore, Encore GX, Envision, Enclave	3.9% for limited term plus no payments for 90 days	February 28, 2023
Cadillac	CT5, XT4, XT5, XT6	3.19% for 60 months: CT5 3.19% for 60 months plus $500 bonus cash: XT4 3.19% for 60 months plus $500 bonus cash: XT5, XT6	February 28, 2023
Chevrolet	Silverado, Colorado, Equinox, Bolt EV, Bolt EUV	2.99% for 60 months: Silverado 2.99% for 60 months plus $750 bonus cash: Colorado, Equinox Up to $2,000 cash back: Silverado $5,000 cash back: Chevrolet Bolt EV $5,700 cash back: Chevrolet Bolt EUV	February 28, 2023
Chrysler	Pacifica	3.9% for 60 months	February 28, 2023
Ford	Ede, F-150, Explorer, Bronco Sport, EcoSport, Escape, Expedition, Mustang	0% for 72 months plus $3,000 bonus cash: Edge 0.9% for 60 months plus $1,000 bonus cash: F-150 1.9% for 60 months: Explorer 3.9% for 60 months: Bronco Sport, EcoSport, Escape, Expedition, Mustang	April 3, 2023
GMC	Sierra 1500, Terrain	2.9% for limited term plus no payments for 90 days: Sierra 1500 3.9% for limited term plus $750 bonus cash: Terrain	February 28, 2023
Honda	Passport, Pilot, Ridgeline, Accord, Accord Hybrid, Civic, CR-V, CR-V Hybrid, HR-V, Odyssey	1.9% for 48 months: Passport, Pilot, Ridgeline 2.9% for 48 months: Accord, Accord Hybrid 3.9% for 48 months: Civic, CR-V, CR-V Hybrid, HR-V, Odyssey	February 28, 2023
Hyundai	Nexo Fuel Cell, Santa Fe, Tucson, Elantra, Kona, Kona Electric, Sonata, Elantra Hybrid, Sonata Hybrid, Venue, Santa Cruz	0% for 60 months plus $17,000 bonus cash: Nexo Fuel Cell 2.9% for 60 months: Santa Fe, Tucson 2.9% for 48 months: Elantra, Kona, Kona Electric, Sonata 3.49% for 48 months: Elantra Hybrid, Sonata Hybrid 3.49% for 48 months: Venue 3.9% for 60 months: Santa Cruz	February 28, 2023
Infiniti	QX80	1.9% for 36 months	February 28, 2023
Jeep	Compass, Renegade	0% for 36 months plus up to $2,000 bonus cash: Compass 1.9% for 36 months plus $500 bonus cash: Renegade	February 28, 2023
Kia	Forte, Niro EV, Soul, Sorento, Stinger, K5, Rio	2.90% for 48 months: Forte, Niro EV, Soul, Sorento 3.49% for 48 months: Stinger 3.90% for 48 months: K5, Rio	February 28, 2023
Lexus	IS, RX, RX Hybrid	3.49% for 48 months	February 28, 2023
Mazda	CX-30, CX-5, CX-50, CX-9, MX-5 Miata, Mazda3 Sedan, Mazda3 Hatchback	0.9% for 36 months: CX-30, CX-5, CX-50, CX-9, MX-5 Miata 2.49% for 36 months: Mazda3 Sedan 2.99% for 36 months: Mazda3 Hatchback	February 28, 2023
Mini	Cooper, Clubman, Countryman	3.99% for 60 months	February 28, 2023
Mitsubishi	Outlander, Eclipse Cross	2.9% for 60 months: Outlander 2.9% for 36 months: Eclipse Cross	February 28, 2023
Nissan	Rogue, Armada, Murano, Rogue Sport, Sentra, Titan, Altima, Ariya, Leaf, Pathfinder, Frontier, Kicks, Maxima, Versa	0% for 36 months: Rogue 1.99% for 36 months: Armada, Murano, Rogue Sport, Sentra, Titan 2.59% for 36 months: Altima, Ariya, Leaf, Pathfinder 2.99% for 36 months: Frontier, Kicks, Maxima, Versa	February 28, 2023
Ram	1500	2.9% financing for 72 months	February 28, 2023
Subaru	Impreza, Legacy, Crosstrek, Forester, Outback, Ascent, WRX	2.9% for a limited term	February 28, 2023
Toyota	Highlander, Camry, Corolla, RAV4, Tacoma, Mirai	3.49% for 60 months: Highlander 3.99% for 48 months: Camry, Corolla, RAV4, Tacoma 0% for 72 months: Mirai	February 28, 2023

Affordable Insurance Quotes for New Car

It may make sense to fully insure a $4,000 car but not a $2,000 car.

The Best Leasing Deals You’ll Find Presidents Day 2023

Manufacturer	Deal	Expiration
Acura	Integra: $399 per month for 36 months with $2,999 due at signing TLX: $509 per month for 36 months with $6,199 due at signing MDX: $619 per month for 36 months with $4,299 due at signing RDX: $569 per month for 36 months with $6,399 due at signing	February 28, 2023
BMW	2 Series: $479 per month for 36 months with $5,229 due at signing 3 Series: $549 per month for 36 months with $5,669 due at signing 4 Series: $599 per month for 36 months with $5,099 due at signing 5 Series: $639 per month for 36 months with $6,879 due at signing X1: $559 per month for 36 months with $5,139 due at signing X3: $589 per month for 36 months with $6,279 due at signing X5: $869 per month for 36 months with $6,719 due at signing i4: $689 per month for 36 months with $5,139 due at signing	February 28, 2023
Buick	Encore: $179 per month for 24 months with $6,449 due at signing Encore GX: $259 per month for 24 months with $4,839 due at signing Envision: $279 per month for 24 months with $4,999 due at signing	February 28, 2023
Cadillac	XT4: $439 per month for 36 months with $3,479 due at signing XT5: $539 per month for 39 months with $3,729 due at signing	February 28, 2023
Genesis	G70: $499 per month for 36 months with $3,699 due at signing G80: $619 per month for 36 months with $4,999 due at signing GV70: $579 per month for 36 months with $4,599 due at signing	February 28, 2023
Honda	HR-V: $249 per month for 36 months with $3,899 due at signing CR-V: $339 per month for 36 months with $4,399 due at signing CR-V Hybrid: $349 per month for 36 months with $4,499 due at signing Passport: $369 per month for 36 months with $5,199 due at signing Pilot: $399 per month for 36 months with $3,999 due at signing Odyssey: $419 per month for 36 months with $6,599 due at signing Ridgeline: $389 per month for 36 months with $3,899 due at signing Civic: $269 per month for 36 months with $3,399 due at signing Accord: $309 per month for 36 months with $3,999 due at signing	February 28, 2023
Hyundai	Venue: $199 per month for 36 months with $3,299 due at signing Kona: $209 per month for 36 months with $3,999 due at signing Kona Electric: $279 per month for 36 months with $3,999 due at signing Tucson: $279 per month for 36 months with $3,999 due at signing Santa Fe: $269 per month for 36 months with $3,999 due at signing Palisade: $432 per month for 36 months with $3,837 due at signing Elantra: $219 per month for 36 months with $3,299 due at signing Sonata: $269 per month for 36 months with $3,299 due at signing Santa Cruz: $338 per month for 36 months with $3,748 due at signing	February 28, 2023
Infiniti	QX50: $549 per month for 36 months with $5,929 due at signing QX55: $569 per month for 36 months with $5,533 due at signing QX60: $629 per month for 36 months with $5,529 due at signing	February 28, 2023
Jeep	Renegade: $322 per month for 42 months with $3,799 due at signing Compass: $347 per month for 39 months with $3,799 due at signing Wrangler: $445 per month for 42 months with $3,995 due at signing Wrangler 4xe (PHEV): $449 per month for 36 months with $5,759 due at signing Grand Cherokee: $430 per month for 39 months with $3,799 due at signing Grand Cherokee 4xe (PHEV): $399 per month for 24 months with $5,199 due at signing Gladiator: $451 per month for 39 months with $3,995 due at signing	February 28, 2023
Kia	Seltos: $249 per month for 36 months with $3,320 due at signing Soul: $239 per month for 36 months with $2,799 due at signing Niro: $309 per month for 36 months with $3,499 due at signing Sportage: $279 per month for 36 months with $3,499 due at signing Sorento: $319 per month for 36 months with $3,499 due at signing Forte: $229 per month for 36 months with $2,799 due at signing K5: $279 per month for 36 months with $3,520 due at signing Stinger: $429 per month for 36 months with $3,999 due at signing	February 28, 2023
Lexus	ES: $509 per month for 39 months with $3,999 due at signing RX 350: $629 per month for 39 months with $5,999 due at signing RX Hybrid: $649 per month for 39 months with $5,999 due at signing	February 28, 2023
Mazda	CX-30: $222 per month for 24 months with $2,999 due at signing CX-5: $299 per month for 33 months with $3,499 due at signing CX-9: $330 per month for 24 months with $3,999 due at signing Mazda3 Hatchback: $295 per month for 36 months with $2,995 due at signing MX-5 Miata: $377 per month for 33 months with $2,499 due at signing	February 28, 2023
Mercedes	GLA: $499 per month for 36 months with $4,063 due at signing GLB: $539 per month for 36 months with $4,463 due at signing GLC: $609 per month for 36 months with $4,753 due at signing GLE: $839 per month for 36 months with $5,133 due at signing A-Class: $469 per month for 36 months with $3,623 due at signing C-Class: $559 per month for 36 months with $4,653 due at signing E-Class: $769 per month for 36 months with $5,643 due at signing EQB: $619 per month for 36 months with $5,683 due at signing EQS: $989 per month for 36 months with $9,293 due at signing	February 28, 2023
Mini	Cooper: $369 per month for 36 months with $3,499 due at signing Countryman: $429 per month for 36 months with $3,499 due at signing Clubman: $429 per month for 36 months with $3,499 due at signing	February 28, 2023
Mitsubishi	Eclipse Cross: $379 per month for 36 months with $3,378 due at signing Outlander: $379 per month for 36 months with $3,378 due at signing	February 28, 2023
Nissan	Rogue Sport: $299 per month for 36 months with $4,019 due at signing Rogue: $299 per month for 36 months with $3,459 due at signing Murano: $299 per month for 24 months with $2,099 due at signing Pathfinder: $379 per month for 24 months with $4,769 due at signing Frontier: $299 per month for 18 months with $1,739 due at signing Altima: $199 per month for 18 months with $2,309 due at signing Leaf: $269 per month for 36 months with $5,259 due at signing	February 28, 2023
Ram	1500: $319 per month for 42 months with $5,499 due at signing	February 28, 2023
Subaru	Crosstrek: $285 per month for 36 months with $2,585 due at signing Forester: $315 per month for 36 months with $2,790 due at signing Outback: $345 per month for 36 months with $3,545 due at signing Ascent: $359 per month for 36 months with $3,259 due at signing Impreza: $255 per month for 36 months with $2,655 due at signing Legacy: $255 per month for 36 months with $3,255 due at signing WRX: $355 per month for 36 months with $2,655 due at signing	February 28, 2023
Tesla	Model Y: $609 per month for 36 months with $4,500 due at signing Model 3: $399 per month for 36 months with $4,500 due at signing	No deadline
Toyota	RAV4: $429 per month for 36 months with $2,999 due at signing Highlander: $569 per month for 36 months with $2,999 due at signing Corolla: $299 per month for 36 months with $2,999 due at signing Camry: $369 per month for 39 months with $2,999 due at signing Tacoma: $389 per month for 39 months with $2,999 due at signing	February 28, 2023
Volvo	XC40: $495 per month for 36 months with $3,995 due at signing XC60: $545 per month for 36 months with $4,295 due at signing XC90: $735 per month for 36 months with $5,135 due at signing V60 Cross Country: $579 per month for 36 months with $3,879 due at signing	February 28, 2023

Insuring a New Vs. Used Car: What You Need To Know

If you’re buying a used car outright without a financing plan, you don’t have to buy full insurance. However, really consider what it will mean if you drive a used car without collision and comprehensive coverages. Your liability coverage only pays for the other driver’s damages if you’re at fault. You’ll be on your own to repair your car if it’s damaged and you’ll be fresh out of luck if it’s stolen and not found.

Most lenders require that you buy collision and comprehensive coverages in case of an accident or theft of the car.

With that said, you should only buy full coverage on a used car if it’s worth more than a couple of thousand dollars. The value of the car is the maximum payout you’ll get, minus your deductible, if your car is totalled or stolen. It may make sense to fully insure a $4,000 car but not a $2,000 car.

Because car insurance is rated mainly on the value off a vehicle, a used car won’t be very expensive to fully insure, especially if you shop around for the right carrier.

How can I get the lowest car insurance rate?

The best way to get the lowest rate is by comparing insurers and rates for the same coverage. You can do it for free if you enter your zip code on this page and answer the questions. If you’re leasing or financing, you’ll be required to have comprehensive coverage and collision coverage so you may pay a bit more. Having higher than state limits on liability coverage is highly recommended due to the costs associated with inflation.

If you’re buying or leasing a car, you’ll need to buy full coverage. Make sure you’re not paying more than you have to pay by comparison shopping. It takes minutes, and the service is free if you enter your zip code on this page and answer a few questions.

Get Personalized Car Insurance Quotes Here

Presidents Day Car Discounts FAQS

What will I get a really good deal on?

Look for a car that is in less demand. Tesla is a bad choice, for example, because it’s foreign and in high demand. Find a car that is the opposite and you’ll find a good deal. Secondhand pickup trucks, minivans, convertibles, and coupes are also available at below-average prices.

Can I get the best deals on small cars?

Normally, you’d have less competition shopping for a small car, which is in relatively low demand compared with trucks, SUVs and sedans. However, with car prices going up as well as gas, there’s been more demand for smaller cars. You can still find a good deal on a compact domestic car.

How will the lower pricing on cars affect insurance?

You’ll pay less in insurance because car insurance is written based on the value of your car. If prices are higher, your rates are higher. Insurers raise rates on more expensive cars to be able to cover costs if you have an accident or the car is stolen.

Sources

Edmunds. When Is the Best Time to Buy a Car? Accessed February 8, 2023.
Autoblog. Car prices could drop 20% this year. Here's where to expect the best deals first Accessed February 8, 2023.
Carfax. Best Presidents Day Car Sales In 2023 Accessed February 9, 2023

Presidents Day 2023 Car Deals & How To Save on Insurance

Fran Majidi

On This Page

Why Are Presidents Day Car Sales So Big?

Get Personalized Car Insurance Quotes Here

Is Presidents Day Weekend the Best Time to Buy a Car?

If You’re Financing or Leasing, You’ll Need Full Coverage Car Insurance

The Best Financing Deals You’ll Find Presidents Day 2023

The Best Leasing Deals You’ll Find Presidents Day 2023

Insuring a New Vs. Used Car: What You Need To Know

How can I get the lowest car insurance rate?

Get Personalized Car Insurance Quotes Here

Presidents Day Car Discounts FAQS

What will I get a really good deal on?

Can I get the best deals on small cars?

How will the lower pricing on cars affect insurance?

Sources

Get a Free Auto Insurance Quote Online Now.

More on Auto Insurance

Looking for Auto Insurance?

The Smart Way to Shop
For Insurance.

Insurance Quotes Insurance Quotes

About us About us

Information Information