5 of the Best SUVs under $40,000 You Can Buy Right Now

With the average price of vehicles increasing, finding a new SUV that fits your budget can be challenging. You need the capability an SUV brings but aren’t sure if you can afford one. Before you turn to the used car market, consider these five models. All five have starting prices under $40,000, making them some of the most affordable SUVs in the market today.

Two rows of comfort in the 2022 Ford Edge

2022 Ford Edge on the road
2022 Ford Edge | Ford

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Stay within your budget and allow your family of five to experience the comfort of the Ford Edge. This midsize crossover SUV has a larger 12-inch touchscreen operating the Sync 4 infotainment system. This SUV scored well with U. S. News and World Report, making it one of the best SUVs in your price range.

Under the hood of this Ford, you’ll see a 2.0-liter turbocharged four-cylinder engine that produces 250 horsepower. The engine attaches to an eight-speed automatic transmission to make smooth shifts hardly noticeable on the road. Choose either FWD or AWD for this SUV to have the drive system you desire.

Overall, the Ford Edge is a good SUV with a solid reputation and a large cargo hold. You might find the engine to be a bit sluggish, especially if you’ve driven more powerful vehicles in the past.

Standard AWD is part of the 2022 Subaru Outback

The 2022 Subaru Outback Is a Women’s World Car Of The Year Finalist
2022 Subaru Outback | Subaru

The Outback is the top model in the two-row midsize SUV class. Pricing for this Subaru begins at $26,945 and maxes out at $39,945 to keep you in your budget regardless of the trim you select.

The Subaru Outback has a strong reputation as a smart vehicle to drive, especially when you want some off-road capabilities. The base powertrain is a 2.5-liter flat four-cylinder engine attached to a CVT giving you 182 horsepower. The price range you’re working with allows you to select the upgraded powertrain, which supplies you with a 2.4-liter turbocharged engine that produces 250 horsepower while using the same transmission as the standard model.

The Subaru Outback can easily be the right SUV for you in your price range. This vehicle has the SUV qualities desired and standard AWD.

Should you drive the 2022 Honda CR-V Hybrid?

Radiant Red Metallic 2022 Honda CR-V driving by rock formations
Radiant Red Metallic 2022 Honda CR-V | Honda

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Are you looking for an SUV that has excellent fuel mileage? The Honda CR-V Hybrid’s fuel efficiency is 40 city/35 hwy. There might not be another SUV in the compact class that can reach that number without being an electric model.

There’s plenty of power for this compact SUV, with the powertrain returning 212 horsepower and 232 lb.-ft. of torque. If you drive this Honda, you’ll have the benefits of standard AWD, giving you better traction when the weather turns foul.

Pricing for the hybrid CR-V starts at $30,560, well below your maximum budget. In fact, all trims of the CR-V Hybrid begin at less than $40,000, making this an SUV that meets your needs.

The only drawback to the CR-V is the compact size. If you are looking for something larger, the fuel mileage isn’t going to solve that issue for you.

Experience three rows in the 2022 Kia Telluride

A slate gray 2022 Kia Telluride parked in the woods.
2022 Kia Telluride | Kia

It is possible to buy a three-row SUV and spend less than $40,000. The Kia Telluride is one of the best SUVs in this price range, as long as you don’t select the top trim level. This Kia has a starting price of $33,090, which leaves room for some upgrades or a higher trim than the base model.

The Telluride is a capable SUV with a tow rating of 5,000 pounds. This rating results from a strong 3.8-liter V6 engine that makes 291 horsepower. The transmission is a smooth eight-speed model that handles shifting gear with ease.

Unless you must have a full-size SUV, the Kia Telluride is an excellent choice to drive. You’ll have three rows of seats for up to eight passengers and ample cargo room to go with the tow rating of this strong SUV.

Luxury qualities are present in the 2022 Lincoln Corsair

A white 2021 Lincoln Corsair Grand Touring driving down a road.
2021 Lincoln Corsair Grand Tour | Lincoln

You can drive a luxury SUV and pay less than $40,000. The Lincoln Corsair is the smallest SUV of this brand, but it has the qualities you desire. The cabin of this SUV is opulent with its standards synthetic leather upholstery, dual-zone automatic climate controls, and proximity key feature.

Enjoy the Sync 3 infotainment system on an eight-inch touchscreen, which does feel small compared to the larger screens offered in other SUVs. Considering the Ford Edge has a 12-inch screen, this might be one drawback to the Corsair.

The powertrain found in this Lincoln is the same four-cylinder engine layout of the Edge, providing 250 horsepower through an eight-speed automatic transmission.

The Lincoln Corsair gives you comfortable seats, upscale materials, and a smooth drive, all things you expect from a Lincoln.

Next, check out this performance version of the Lexus RX, or watch the top 20 best SUVs under $40,000 in the video below:

This article was updated on 9/7/2022.

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