Used 2020 Hyundai Palisade for Sale nearRichmond Hill, ON

How much does the 2020 Hyundai Palisade cost?

Prices have softened 16.80% compared to this time last year, making it a favourable time to shop this model year.

There are 196 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 strong value for money, and many appreciate the luxurious feel and extensive equipment for the price. That makes it a sensible fit if you want a three-row SUV with family-friendly space, comfort, and a well-equipped cabin. With 30.1% of listings marked as good or great deals, there are still worthwhile options to shop.

Is the 2020 Hyundai Palisade reliable?

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

Owner feedback also highlights a dependable, trouble-free ownership experience for many shoppers, with praise centred on the SUV’s comfort, space, and overall value. Even so, you should pay close attention to service history and any signs of past transmission concerns before you buy, since long-term ownership risk can vary from one used example to another.

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

This looks like a moderate, selective buyer’s market, so you can be choosy if you shop carefully.

• Deal availability: 30.1% of listings are priced as good or great deals.
• Inventory: There are 196 listings available.
• Price trend: Prices have softened 16.80% compared with last year.

If you find a listing below $25,478 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 $25,565 CAD sits slightly below last year's $30,726 CAD.

That price movement suggests the market has cooled, which can make the Palisade more attractive to used buyers today but less favourable for sellers trying to maximise return. If you buy at the current average, future resale value will depend heavily on condition, mileage, and how well the vehicle has been maintained. A softer market can also mean you may need to price competitively later if you decide to sell.

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:

• 30.1% of listings are priced as good or great deals.
• Price trend: Prices have softened 16.80% compared with last year.
• Owners rate it 4.81/5 — a strong satisfaction signal.

Consider the 2021 if:

• At $27,380 CAD, the 2021 costs more than the current year's $25,565 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. If you can stretch your budget, the 2021 is the better secondary path because it brings more equipment and a broader trim range, which may be worth the extra cost for some buyers.

These recommendations are based on CarGurus' proprietary market data from October 20, 2026, CarGurus experts' opinions, and generative AI.