Used 2020 Hyundai Palisade for Sale near Ontario

How much does the 2020 Hyundai Palisade cost?

Prices have softened 18.78% compared to this time last year, making it a favourable time to shop this model year.

There are 174 listings available, which suggests you have a reasonable amount of inventory to compare.

Is the 2020 Hyundai Palisade a good car?

Yes — owners rate it 4.81/5, which points to strong overall satisfaction. You’ll see recurring praise for the spacious interior, safety features, and strong value for money, along with comments about the luxurious feel and extensive equipment for the price. If you want a family-size, three-row SUV with generous room and a well-equipped cabin, this model year fits that use case well. With 33.3% of listings marked as good or great deals, there is still some room to shop selectively.

Is the 2020 Hyundai Palisade reliable?

Owners rate it 4.81/5, a strong signal of long-term satisfaction.

The owner feedback also points to a dependable ownership experience for many shoppers, with repeated praise for comfort and value that tends to align with trouble-free day-to-day use. That said, you should still pay close attention to service records and any signs of past transmission-related concerns before buying used.

Is now a good time to buy a used 2020 Hyundai Palisade?

This looks like a moderate, selective buyer’s market, so you can afford to compare listings carefully.

• Deal availability: 33.3% of listings are priced as good or great deals.
• Inventory: There are 174 listings available.
• Price trend: Prices have softened 18.78% compared with last year.

If you find a listing below $25,664 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2020 Hyundai Palisade's resale value?

The current average of $25,664 CAD sits slightly below last year's $31,600 CAD.

That price movement suggests the market has already adjusted downward, which can help you buy at a more favourable point in the cycle. For a future seller, it also means resale expectations should stay realistic unless demand strengthens. Well-equipped family SUVs with broad appeal can still hold attention, but the current trend favours buyers more than sellers.

Vehicles with strong owner satisfaction ratings, like this model year's 4.81/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2020 Hyundai Palisade or consider a different year?

If you're weighing the 2020 against nearby model years, here's how to think about it:

Choose the 2020 if:

• 33.3% of listings are priced as good or great deals.
• Price trend: Prices have softened 18.78% compared with last year.
• Owners rate it 4.81/5 — a strong satisfaction signal.

Consider the 2021 if:

• At $27,639 CAD, the 2021 costs more than the current year's $25,664 CAD average.
• It adds more standard equipment and a new luxury-themed trim.

The bottom line:
Choose the 2020 if you want the lower entry price and are focused on value. If you’re willing to spend more for added equipment and a more polished trim range, the 2021 is the better upgrade path. For price-sensitive buyers, the 2020 remains the smarter starting point.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.