This 8-quart model is recommended for families of six or more people, or for someone who enjoys batch cooking or meal prep. It offers three saute modes (low, medium and high), in addition to Egg and Cake cooking presets. And of course, the typical Rice, Slow Cooker and Manual Instant Pot modes are also available here.

While $55 is a good price, we've been seeing deals on various Instant Pot models over the last few weeks. Those included discounts on the pricier Ultra models and on the red Duo. However, today's deal on the Lux 80 is the cheapest we've seen across all models over the last couple weeks. And this is one of Amazon's Gold Box deals of the day, so it won't be around for long.

When you do take the plunge, check out our Instant Pot guide to make the most of of your new purchase.