Search Cars for Sale

8 Best New SUVs Under $40,000

The SUV market in 2020 consists of a mix of stalwarts with trusted names that go back decades and a few all-new players on the scene. Whether you want something small or big, two rows or three rows, hybrid or conventional, a $40,000 budget can go a long way when shopping for a new SUV.

Here are eight of the best new SUVs you can find on Autotrader for under $40,000 in 2020.

2020 Chevrolet Traverse

Chevrolet Traverse LT — $35,400

The Chevy Traverse is one of the most family-friendly minivan alternatives on the market with a very spacious interior. It has a ton of cargo room and, more importantly, third-row seating that actually has decent legroom and is easy to access. Many midsize 3-row crossovers are awfully tight in the third row, but you won’t hear any complaints from the way-back passengers in a Traverse. The mid-range LT trim has desirable features, such as second-row captain’s chairs, an 8-in infotainment system, a power lift gate, modern safety tech including blind-spot monitoring and more. Find a Chevrolet Traverse for sale

2020 Honda CR-V Hybrid

Honda CR-V Hybrid Touring — $35,950

The hybrid version of the popular Honda CR-V is an all-new addition to Honda’s U.S. lineup, and it’s made an impressive debut. The acceleration is quick, the ride is smooth, and as expected, the fuel economy is fantastic, achieving up to 40 miles per gallon in city driving. It also comes with the many virtues of the non-hybrid CR-V, such as having one of the biggest cabins in the compact crossover segment and upscale materials throughout the interior. The range-topping Touring trim comes in under the $40K mark and comes loaded with navigation, a hands-free power lift gate, wireless charging, leather seating, a heated steering wheel and more. Find a Honda CR-V for sale

2020 Hyundai Santa Fe

Hyundai Santa Fe Limited — $35,875

The Hyundai Santa Fe is one of our favorite midsize 2-row crossovers for many reasons — one of the biggest of which is its bang for the buck. You can go all the way up to the Limited trim while still staying well under the $40K mark and get premium features such as leather seats that are heated and ventilated in front, heated second-row seats, a head-up display, a surround-view camera and much more. The 8-in UVO infotainment system with built-in navigation is one of the most user-friendly systems on the market. Plus, the Limited trim adds 12-speaker Infinity premium audio. Get a luxurious SUV without the luxury brand price tag with the Santa Fe Limited. Find a Hyundai Santa Fe for sale

2020 Jeep Wrangler

Jeep Wrangler Sahara — $38,700

If you’re looking to do some serious off-roading, the capabilities of the legendary Jeep Wrangler are unmatched. With the Sahara trim, you’ll get a nice balance of a well-appointed SUV that’s great for everyday driving and still boasts the off-road performance you’d expect from a Wrangler. With its spacious 4-door body, the Wrangler Sahara makes a good family SUV and comes with features such as bigger wheels and brakes than the lower trims and tons of modern technology, such as a 7-in Uconnect infotainment system with Android Auto and Apple CarPlay, three USB ports and dual-zone automatic climate control. On the road or off, the Wrangler is up for anything you can throw at it. Find a Jeep Wrangler for sale

2020 Kia Telluride

Kia Telluride EX — $37,090

With an all-new model for 2020, the Kia Telluride has received a lot of well-earned praise, including a spot on our own 12 Best Cars of 2020 list. It’s a near-perfect family SUV with its roomy, premium cabin, three generous rows of seats, a large cargo area to boot, plenty of safety features and unique exterior design. It’s also a great value, especially if you upgrade to the EX trim, which adds a huge 10.25-in infotainment system with navigation, wireless charging, leather seating (which is heated and ventilated in front), highway driving assist and the Driver Talk system, which is an intercom that lets the driver talk to the passengers through the speakers. You’ll be hard-pressed to find a better 3-row SUV for the money than a Telluride EX. The Kia Telluride is on our list of the best cars for 2020. Find a Kia Telluride for sale

2020 Mazda CX-5

Mazda CX-5 Signature — $37,055

The Mazda CX-5 Signature is a compact crossover with luxurious aspirations. As long as you don’t care what badge is on the grille, this deserves serious consideration for luxury SUV shoppers. The Signature model has Nappa leather seating that is heated and ventilated in front, heated rear seats, a surround-view parking camera, an 8-in infotainment system with 10-speaker Bose premium audio and much more. You also get standard all-wheel drive and an excellent turbocharged engine. This punchy engine combined with the agile handling of the CX-5 makes this crossover a blast to drive. Find a Mazda CX-5 for sale

2020 Subaru Crosstrek Hybrid

Subaru Crosstrek Hybrid — $35,145

A price starting in the mid-$30K range might seem a little steep for a small Subaru crossover, but that price can come down quite a bit depending on the incentives on plug-in hybrids in your state. The Subaru Crosstrek Hybrid is the first-ever plug-in hybrid Subaru and it’s a great effort that retains the Crosstrek’s awesome off-roading capabilities. With standard AWD, charming character and impressive efficiency, it’s both a good Subaru and a good hybrid. It also comes well appointed with leather seating, push-button start, automatic climate control and a full suite of standard driver assistance technology. Find a Subaru Crosstrek for sale

2020 Toyota Highlander Hybrid

Toyota Highlander Hybrid — $38,200

The Toyota Highlander is all-new for 2020 and has earned a spot on our 12 Best Cars of 2020 list. This family-friendly 3-row crossover is better than ever with a new look inside and out, a nice interior and a hybrid variant that returns outstanding fuel economy. The hybrid powertrain strikes a perfect balance of excellent efficiency and respectable performance. With fuel economy numbers in the mid-30s for both the city and the highway, the Highlander Hybrid is a midsize SUV that’s more efficient than a lot of non-hybrid compact SUVs. It has a nice smooth ride and the safety and predicted reliability scores you’d expect from a Toyota, making it an all-around excellent family vehicle. Find a Toyota Highlander for sale

Eric Brandt
Eric Brandt
Eric Brandt is an author specializing in Oversteer content, new car reviews, and finding the best car, truck, and SUV deals each month. Born and raised in Wisconsin, Eric can often be found exploring the north woods on his 1983 Honda Gold Wing when the weather allows it. Father of four, husband of one, and unapologetic minivan enthusiast. Eric mastered driving stick by having a 3-cylinder Chevy... Read More about Eric Brandt

Sign up for Autotrader newsletters

The best cars and best deals delivered to your inbox

Email Address 

By subscribing, you agree to our privacy policy

Where You Can Buy

Loading dealers...

Leave a Comment

Most Popular Articles

2020 Hyundai Sonata Hybrid: First Look

The 2020 Hyundai Sonata Hybrid jumps to the head of the hybrid class.

Best New Cars for 2022

Here is our list of the best new cars for 2022 (presented in alphabetical order by manufacturer).

Best New Car Deals: September 2022

This month's best new car deals include several attractive offers for qualified shoppers.

Search By Style

More Articles Like This