Used 2020 Hyundai Palisade for Sale near Ontario

How much does the 2020 Hyundai Palisade cost?

Prices have softened 16.79% compared to this time last year, making it a favourable time to shop this model year.

There are 198 listings available, which gives you a solid amount of inventory to compare.

Is the 2020 Hyundai Palisade a good car?

Yes — the 2020 Hyundai Palisade earns a 4.8/5 user rating, which points to strong owner satisfaction.

Owners consistently praise its spacious interior, safety features, and strong value for money. You also get a luxurious feel and a long list of features for the price, which helps it fit well if you want a family-size three-row SUV that feels more upscale than average. The overview also shows it was aimed at buyers who want generous cargo room, eight-passenger seating, and modern convenience tech.

With 30.8% of listings marked as good or great deals, you have a decent chance of finding a competitive offer.

Is the 2020 Hyundai Palisade reliable?

Owners rate it 4.8/5, a strong signal of long-term satisfaction.

The owner feedback also points to a generally dependable ownership experience, with many drivers describing it as trouble-free and worth counting on for family use. That said, the 2020 model year was one of the earlier and more complaint-prone versions, so you should pay close attention to service records and any signs of past issues before buying.

For used buyers, the main long-term risk is not the overall reputation, but whether a specific example has been maintained carefully.

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

It looks like a moderate, selective buyer’s market, so you can shop carefully without feeling rushed.

• Deal availability: 30.8% of listings are priced as good or great deals.
• Inventory: There are 198 listings available.
• Price trend: Prices have softened 16.79% compared with last year.

If you find a listing below $25,469 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 $25,512 CAD sits slightly below last year's $30,659 CAD.

That drop suggests the market has already adjusted downward, which can help you as a buyer today but may limit upside if you plan to resell soon. If you buy at the right price, you reduce the risk of taking a bigger depreciation hit later. Strong feature content and broad family appeal should still help support demand over time.

Vehicles with strong owner satisfaction ratings, like this model year's 4.8/5, 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:

• 30.8% of listings are priced as good or great deals.
• Price trend: Prices have softened 16.79% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2021 if:

• At $27,380 CAD, the 2021 costs more than the current year's $25,512 CAD average.
• It adds more standard equipment and a new luxury-focused trim.

The bottom line:
Choose the 2020 if you want the lower entry price and are comfortable shopping carefully for a well-kept example. Consider the 2021 if you want more equipment and are willing to pay extra for the newer model year.

How does the 2020 Hyundai Palisade compare to the 2020 Kia Telluride?

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from October 21, 2026, CarGurus experts' opinions, and generative AI.