The Chevrolet Bolt is among the best new-car deals for Presidents Day 2020 -
Chevrolet Bolt

February can be a great time to buy a new car, thanks to Presidents Day deals offered by most car brands. These discounts can lower purchase prices, and they can also sweeten lease deals and reduce interest rates.

But regardless of how enticing these deals can look, shoppers should do their research before getting serious about a purchase. There's always a reason why some models have bigger discounts than others, such as seasonality or an upcoming redesign, or perhaps it is a long-running vehicle with sales that have fallen behind fresher competition.

To accelerate the shopping process, our analysts have studied the latest nationwide offers, then calculated the potential savings when factoring in customer rebates, dealer incentives, and dealer holdbacks.


Check our new-car buying advice.
 

More on Car Buying

To make sure the vehicles we highlight represent smart buys, we concentrated on models with a strong Overall Score, factoring road-test performance, owner satisfaction, reliability, and safety. (Learn more about CR car ratings here.)

Below, we list potential savings and negotiation target prices. The cars are in descending order based on the percent of potential savings. The savings span from 12 to 24 percent off of the original sticker price. Actual dollar-amount savings can range from $9,977 off a Chevrolet Bolt to $3,503 off the Nissan Rogue. For all these vehicles, however, actual savings will depend on local supply and demand. 

All nationwide incentives featured here are good until March 2, 2020. Similar discounts can be found on other versions in addition to those spotlighted. (See all current Best New Car Deals.)

Armed with this information, shoppers can negotiate a budget-friendly price on these cars, or use a service like Consumer Reports’ Build & Buy tool.


CR Build & Buy Car Buying Service

In addition to research and reviews, Consumer Reports offers members access to the Build & Buy Car Buying Service at no additional cost. Through this service, a nationwide network of more than 12,000 participating dealers provide up-front pricing information and a certificate to receive guaranteed savings off MSRP in most states.

The pricing information and guaranteed savings include eligible incentives. Consumer Reports members have saved an average of $3,016 off MSRP with the Build & Buy Car Buying Service.


Chevrolet Bolt: 24% Off

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2020 Chevrolet Bolt

Price Range: $36,620 - $41,020

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Chevrolet Equinox: 19% Off

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2020 Chevrolet Equinox

Price Range: $23,800 - $35,700

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Buick Encore: 15% Off

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2020 Buick Encore

Price Range: $23,200 - $30,800

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Toyota Avalon: 14% Off

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2020 Toyota Avalon

Price Range: $35,875 - $43,300

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Toyota Corolla: 14% Off

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2020 Toyota Corolla

Price Range: $19,600 - $25,550

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Nissan Murano: 13% Off

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2020 Nissan Murano

Price Range: $31,730 - $45,530

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Toyota Sienna: 13% Off

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2020 Toyota Sienna

Price Range: $31,640 - $49,415

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Buick Enclave: 12% Off

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2020 Buick Enclave

Price Range: $40,000 - $56,100

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Chrysler 300: 12% Off

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2020 Chrysler 300

Price Range: $30,040 - $41,995

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Nissan Rogue: 12% Off

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2020 Nissan Rogue

Price Range: $25,490 - $33,190

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Tips for Buying a New Car

There are a lot of things to consider when buying a new car. On the "Consumer 101" TV show, Consumer Reports expert Kelly Funkhouser explains to host Jack Rico what to look for before taking a test drive.