Used 2020 Hyundai Palisade for Sale nearPeterborough, ON

How much does the 2020 Hyundai Palisade cost?

Prices have softened 18.39% compared to this time last year, making it a favourable time to shop this model year.

There are 186 listings available, which gives you a reasonable amount of choice in the used market.

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 great value for money, and many also like the luxurious feel and extensive features for the price. That makes it a strong fit if you want a family-size three-row SUV with lots of room, comfort, and equipment. With 29.6% of listings marked as good or great deals, you still have some room to 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 highlights a dependable, trouble-free ownership experience for many drivers, especially those who value the Palisade’s long-term comfort and practicality. At the same time, the earliest model year can bring more ownership risk for used buyers, so you should pay close attention to service history and any signs of past issues.

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

This is a moderate buyer’s market, so you can shop selectively without feeling rushed.

• Deal availability: 29.6% of listings are priced as good or great deals.
• Inventory: There are 186 listings available.
• Price trend: Prices have softened 18.39% compared with last year.

If you find a listing below $25,464 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 $25,535 CAD sits slightly below last year's $31,289 CAD.

That price movement suggests the market has already adjusted downward, which can make the Palisade more attractive to buyers now but less favourable for sellers trying to maximise return. If you buy at today’s average, future resale will depend heavily on condition, mileage, and maintenance history. 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:

• 29.6% of listings are priced as good or great deals.
• Price trend: Prices have softened 18.39% compared with last year.
• Owners rate it 4.81/5 — a strong satisfaction signal.

Consider the 2021 if:

• At $27,291 CAD, the 2021 costs more than the current year's $25,535 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 the right example. If you want more standard equipment and a broader trim range, the 2021 is the better path, especially if you can stretch your budget.

These recommendations are based on CarGurus' proprietary market data from October 6, 2026, CarGurus experts' opinions, and generative AI.