Used 2020 Hyundai Palisade for Sale near Ontario

How much does the 2020 Hyundai Palisade cost?

Prices have softened 18.41% compared to this time last year, making it a favourable time to shop this model year.

There are 183 listings available, which gives you 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 upscale feel and generous equipment for the price. That makes it a strong fit if you want a family-size three-row SUV with comfort, practicality, and a premium-leaning cabin. With 29.5% of listings marked as good or great deals, you still have 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 highlights a dependable, trouble-free ownership experience for many drivers, especially those who value the Palisade’s comfort and everyday usability. At the same time, used buyers should still check service records carefully, since any long-term ownership risk is best managed by confirming maintenance history and inspecting for past issues.

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

This is a moderate, selective buyer’s market, so you can shop with some leverage if you compare listings carefully.

• Deal availability: 29.5% of listings are priced as good or great deals.
• Inventory: There are 183 listings available.
• Price trend: Prices have softened 18.41% compared with last year.

If you find a listing below $25,567 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 $25,577 CAD sits slightly below last year's $31,347 CAD.

That decline suggests the market has become more favourable for buyers, but it also means future sellers may face more price pressure if the trend continues. If you buy at the current average or below, you may have less room for appreciation later, so condition and mileage will matter even more when it comes time to resell. 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:

• 29.5% of listings are priced as good or great deals.
• Price trend: Prices have softened 18.41% compared with last year.
• Owners rate it 4.81/5 — a strong satisfaction signal.

Consider the 2021 if:

• At $27,256 CAD, the 2021 costs more than the current year's $25,577 CAD average.
• It adds more standard equipment and a new luxury-themed trim.

The bottom line: If you want the better value today, the 2020 is the smarter starting point because pricing has eased and inventory is available. If you’re willing to spend more for added equipment and a more polished trim range, the 2021 is the better secondary path for shoppers who prioritise extra features over upfront savings.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.