Used 2020 Hyundai Palisade for Sale near Ontario

How much does the 2020 Hyundai Palisade cost?

Prices have softened 18.45% compared to this time last year, making it a favourable time to shop this model year.

There are 177 listings available, which suggests you have a reasonable amount of inventory to compare.

Is the 2020 Hyundai Palisade a good car?

Yes — the 2020 Hyundai Palisade earns a 4.81/5 user rating, which points to strong owner satisfaction. Owners consistently praise its spacious interior, safety features, and value for money, and many appreciate the luxurious feel and generous equipment for the price. For you, that makes it a strong fit if you want a family-size three-row SUV with comfort, features, and a more upscale presentation. With 35.6% of listings marked as good or great deals, there is still meaningful market opportunity if you shop carefully.

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 praise centred on comfort, space, and overall satisfaction. At the same time, some owners mention minor complaints and a few quirks, so you should still inspect service records and condition closely before buying. For used buyers, that means the long-term ownership risk looks manageable, but a careful pre-purchase check remains important.

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

This looks like a moderate, selective buyer’s market, so you can shop with some leverage if you stay patient.

• Deal availability: 35.6% of listings are priced as good or great deals.
• Inventory: There are 177 listings available.
• Price trend: Prices have softened 18.45% compared with last year.

If you find a listing below $25,575 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 $25,575 CAD sits slightly below last year's $31,362 CAD.

That price movement suggests the market has already adjusted downward, which can help you buy at a more favourable point. If you plan to sell later, the softer current pricing may limit near-term upside, but it can also support demand from value-focused shoppers. A well-kept example with strong equipment and clean history should still appeal to families looking for space and features.

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:

• 35.6% of listings are priced as good or great deals.
• Price trend: Prices have softened 18.45% compared with last year.
• Owners rate it 4.81/5 — a strong satisfaction signal.

Consider the 2021 if:

• At $27,425 CAD, the 2021 costs more than the current year's $25,575 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, especially with a decent share of good deals in the market. Consider the 2021 if you are willing to pay more for added standard equipment and a more polished trim lineup.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.