# Best luxury SUVs under $40,000

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1,210 live listings · Updated Oct 1, 2026

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.

**Median asking price: $30,708** (Across 1,210 live listings)

- Asking prices: $7,999 to $39,999, middle half $27k to $34k
- For sale: 1,210
- Lowest price: $7,999
- Models: 6

## 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](https://www.luxurycardeals.com/used/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](https://www.luxurycardeals.com/prices/tesla/model-y) · [Cheapest Model Y](https://www.luxurycardeals.com/cheapest/tesla/model-y)

2. **[BMW X6 M](https://www.luxurycardeals.com/used/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](https://www.luxurycardeals.com/prices/bmw/x6-m) · [Cheapest X6 M](https://www.luxurycardeals.com/cheapest/bmw/x6-m)

3. **[Mercedes-Benz G-Class (G-Wagon)](https://www.luxurycardeals.com/used/mercedes-benz/g-class)**: 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](https://www.luxurycardeals.com/prices/mercedes-benz/g-class) · [Cheapest G-Class](https://www.luxurycardeals.com/cheapest/mercedes-benz/g-class)

4. **[Porsche Cayenne](https://www.luxurycardeals.com/used/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](https://www.luxurycardeals.com/prices/porsche/cayenne) · [Cheapest Cayenne](https://www.luxurycardeals.com/cheapest/porsche/cayenne)

5. **[Land Rover Range Rover](https://www.luxurycardeals.com/used/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](https://www.luxurycardeals.com/prices/land-rover/range-rover) · [Cheapest Range Rover](https://www.luxurycardeals.com/cheapest/land-rover/range-rover)

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

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

- [2011 Porsche Cayenne, Gen II Turbo](https://www.luxurycardeals.com/cars/porsche-cayenne-gen-ii-turbo-pre-facelift): $7,999 · 130,599 mi · Bedford, VA
- [2012 BMW X6 M, Gen I](https://www.luxurycardeals.com/cars/bmw-x6-m-gen-i-pre-lci): $11,190 · 156,690 mi · Hawthorne, NJ
- [2014 Land Rover Range Rover, 4th Gen Autobiography](https://www.luxurycardeals.com/cars/land-rover-range-rover-4th-gen-pre-facelift-autobiography): $12,394 · 144,026 mi · Sterling, VA
- [2021 Tesla Model Y, Performance](https://www.luxurycardeals.com/cars/tesla-model-y-performance): $17,488 · 165,256 mi · Miami, FL
- [2010 Mercedes-Benz G-Class, Gen I Facelift G 55 AMG](https://www.luxurycardeals.com/cars/mercedes-benz-g-class-gen-i-facelift-3-g-55-amg): $24,999 · 146,059 mi · Tuscaloosa, AL
- [2022 Tesla Model X, Plaid](https://www.luxurycardeals.com/cars/tesla-model-x-plaid): $39,495 · 137,739 mi · Norco, CA

## What $40,000 buys, model by model

| Model | Under $40k | From | Median price | Model years | Median miles |
| --- | --- | --- | --- | --- | --- |
| [Tesla Model Y](https://www.luxurycardeals.com/used/tesla/model-y) | 905 | $17,488 | $31,500 | 2020-2025 | 55k mi |
| [Land Rover Range Rover](https://www.luxurycardeals.com/used/land-rover/range-rover) | 118 | $12,394 | $27,599 | 2013-2021 | 86k mi |
| [BMW X6 M](https://www.luxurycardeals.com/used/bmw/x6-m) | 80 | $11,190 | $26,035 | 2010-2019 | 89k mi |
| [Porsche Cayenne](https://www.luxurycardeals.com/used/porsche/cayenne) | 68 | $7,999 | $23,795 | 2011-2019 | 98k mi |
| [Mercedes-Benz G-Class (G-Wagon)](https://www.luxurycardeals.com/used/mercedes-benz/g-class) | 38 | $24,999 | $36,407 | 2003-2017 | 129k mi |
| [Tesla Model X](https://www.luxurycardeals.com/used/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.

- 2010 Mercedes-Benz G-Class, Gen I Facelift G 55 AMG: asking $24,999 · $12k below market · 146,059 mi · Tuscaloosa, AL · deal score 100 of 100
- 2015 Mercedes-Benz G-Class, Gen I Facelift G 550: asking $39,298 · $6k below market · 105,223 mi · Miami, FL · deal score 100 of 100
- 2023 Tesla Model Y, Performance: asking $29,683 · $6k below market · 40,456 mi · Willowbrook, IL · deal score 100 of 100
- 2017 BMW X6 M, Gen II: asking $25,921 · $6k below market · 64,123 mi · Irvington, NJ · deal score 100 of 100
- 2022 Tesla Model Y, Performance: asking $29,094 · $6k below market · 30,137 mi · Wall Township, NJ · deal score 100 of 100
- 2022 Tesla Model Y, Performance: asking $28,794 · $5k below market · 33,303 mi · Wall Township, NJ · deal score 100 of 100

[Unlock all 336 deals](https://www.luxurycardeals.com/upgrade). Members see every deal's VIN, dealer and listing link, plus a negotiation email.

## Luxury SUVs by budget

- [Luxury SUVs under $30,000](https://www.luxurycardeals.com/best/luxury-suvs-under-30k) (538)
- [Luxury SUVs under $50,000](https://www.luxurycardeals.com/best/luxury-suvs-under-50k) (1,410)

## More on luxury SUVs

- [Best used luxury SUVs](https://www.luxurycardeals.com/best/used-luxury-suvs)
- [Luxury cars that hold their value](https://www.luxurycardeals.com/best/luxury-cars-that-hold-their-value)

## 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.

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Source: Luxury Car Deals, https://www.luxurycardeals.com/. Prices are live asking prices from US dealer listings in our latest scan, not sale prices. Cite as "Best luxury SUVs under $40,000", Luxury Car Deals, https://www.luxurycardeals.com/best/luxury-suvs-under-40k (updated Oct 1, 2026). Site map for assistants: https://www.luxurycardeals.com/llms.txt.