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Best luxury SUVs under $40,000

1,210 luxury SUVs in our scan are listed under $40,000, across 6 models. Most are Tesla Model Ys (905). The cheapest is a 2011 Porsche Cayenne (Gen II Turbo) listed at $7,999 with 130,599 mi in Bedford, VA.

We rank models by how well they hold their value (what their newest model years keep after three years, from our market model), then by how many are for sale under $40,000. For each: the model years and miles the budget buys, and its cheapest car right now.

The 5 best luxury SUVs under $40,000

Best first: how well each model holds its value, then how many are for sale under the budget. Models with fewer than 3 cars under $40,000 are in the table below.

  1. Tesla Model Y for sale under $40,000

    Tesla Model Y

    905 are listed under $40,000: model years 2020-2025, mostly Performance, with a median of 55,245 mi. How the model holds value: a 2023 lists at about 79% of a 2026's price.

    Under $40k
    905
    From
    $17,488
    Median price
    $31,500
    Kept after 3 years
    79%

    Model Y price guide Cheapest Model Y

  2. BMW X6 M for sale under $40,000

    BMW X6 M

    80 are listed under $40,000: model years 2010-2019, mostly Gen II, with a median of 88,839 mi. How the model holds value: a 2022 lists at about 77% of a 2025's price.

    Under $40k
    80
    From
    $11,190
    Median price
    $26,035
    Kept after 3 years
    77%

    X6 M price guide Cheapest X6 M

  3. Mercedes-Benz G-Class (G-Wagon) for sale under $40,000

    Mercedes-Benz G-Class (G-Wagon)

    38 are listed under $40,000: model years 2003-2017, mostly Gen I Facelift G 55 AMG and Gen I Facelift G 550, with a median of 128,780 mi. How the model holds value: a 2024 lists at about 76% of a 2027's price.

    Under $40k
    38
    From
    $24,999
    Median price
    $36,407
    Kept after 3 years
    76%

    G-Class price guide Cheapest G-Class

  4. Porsche Cayenne for sale under $40,000

    Porsche Cayenne

    68 are listed under $40,000: model years 2011-2019, mostly Gen II Turbo, with a median of 97,685 mi. How the model holds value: a 2022 lists at about 74% of a 2025's price.

    Under $40k
    68
    From
    $7,999
    Median price
    $23,795
    Kept after 3 years
    74%

    Cayenne price guide Cheapest Cayenne

  5. Land Rover Range Rover for sale under $40,000

    Land Rover Range Rover

    118 are listed under $40,000: model years 2013-2021, mostly 4th Gen Autobiography and 4th Gen Autobiography LWB, with a median of 85,665 mi. How the model holds value: a 2023 lists at about 72% of a 2026's price.

    Under $40k
    118
    From
    $12,394
    Median price
    $27,599
    Kept after 3 years
    72%

    Range Rover price guide Cheapest Range Rover

The cheapest luxury SUV of each model under $40,000

Lowest asking price first, from our latest scan of dealer listings.

What $40,000 buys, model by model

Model Under $40k From Median price Model years Median miles
Tesla Model Y 905 $17,488 $31,500 2020-2025 55k mi
Land Rover Range Rover 118 $12,394 $27,599 2013-2021 86k mi
BMW X6 M 80 $11,190 $26,035 2010-2019 89k mi
Porsche Cayenne 68 $7,999 $23,795 2011-2019 98k mi
Mercedes-Benz G-Class (G-Wagon) 38 $24,999 $36,407 2003-2017 129k mi
Tesla Model X 1 $39,495 $39,495 2022 138k mi

Luxury SUVs under $40,000 priced below market

336 deals priced below market right now, the best by about $12,452. Members get the VIN, dealer, listing link and a ready-to-send negotiation email for each one.

Unlock all 336 deals

Members see every deal's VIN, dealer and listing link, plus a negotiation email.

Best luxury SUVs under $40,000: common questions

What is the best luxury SUV under $40,000?

By the value it keeps, the Tesla Model Y: with the same trim and miles, a 2023 lists at about 79% of a 2026's price, and 905 are listed under $40,000 in our latest scan.

What is the cheapest luxury SUV for sale?

The cheapest luxury SUV in our latest scan is a 2011 Porsche Cayenne (Gen II Turbo) listed at $7,999 with 130,599 mi in Bedford, VA.

Can you buy a Mercedes-Benz G-Class for under $40,000?

Yes. 38 are listed under $40,000 in our latest scan: model years 2003-2017, mostly Gen I Facelift G 55 AMG and Gen I Facelift G 550, with a median of 128,780 mi. The cheapest is a 2010 Mercedes-Benz G-Class (Gen I Facelift G 55 AMG) listed at $24,999 with 146,059 mi in Tuscaloosa, AL, while the median Mercedes-Benz G-Class for sale lists at $138,886.

Can you buy a BMW X6 M for under $40,000?

Yes. 80 are listed under $40,000 in our latest scan: model years 2010-2019, mostly Gen II, with a median of 88,839 mi. The cheapest is a 2012 BMW X6 M (Gen I) listed at $11,190 with 156,690 mi in Hawthorne, NJ, while the median BMW X6 M for sale lists at $61,223.

Can you buy a Land Rover Range Rover for under $40,000?

Yes. 118 are listed under $40,000 in our latest scan: model years 2013-2021, mostly 4th Gen Autobiography and 4th Gen Autobiography LWB, with a median of 85,665 mi. The cheapest is a 2014 Land Rover Range Rover (4th Gen Autobiography) listed at $12,394 with 144,026 mi in Sterling, VA, while the median Land Rover Range Rover for sale lists at $58,345.

How many luxury SUVs are under $40,000?

1,210 of the 5,321 luxury SUVs in our latest scan (23%), across 6 models.