Last Updated on April 24, 2023 by Victor A
We are used to finding fast SUVs at relatively-high prices, however, automakers understand that everyone should have access to fun and speedy SUVs, and here we show you the fastest SUVs under $40,000.
Note that in the past years, prices have increased considerably in the automobile industry, and many past fast SUVs cannot enter this list as their prices have gone above $40,000.
If you’d like to know which SUVs are the fastest under $30,000, we have another article for you, while we also have for SUVs under $50,000.
1) 2023 Hyundai Kona N (276 hp, 0-60 mph in 5.3 sec)
Hyundai’s N division is known for creating interesting and quick cars that are meant to take standard models to the next level by improving its performance.
The Hyundai Kona N is the perfect example of this, as this compact crossover SUV packs a 2.0-liter turbocharged inline-four to pump out 276 hp and 289 lb-ft of torque.
This translates to a 0-60 mph (0-96 km/h) acceleration time of 5.3 seconds.
The Kona N is only available in front-wheel drive (FWD) and starts at an MSRP price of $34,950, this SUV is not only the fastest on the list but is also one of the most affordables.
2) 2023 Mazda CX-30 Turbo (250 hp, 0-60 mph in 5.8 sec)
The Mazda CX-30 Turbo Premium does a great job of delivering a solid design, good quality, and competent performance.
To get the most performance below $40,000 you will have to go for the CX-30 Turbo trim, as it uses a 2.5-liter turbocharged four-cylinder engine with 250 hp and 320 lb-ft.
It can speed up from 0-60 mph (0-96 km/h) in 5.8 seconds, making it the second fastest SUV below $40,000 on the list.
Pricing of the CX-30 Turbo Premium starts at $33,800 and it’s only available in all-wheel drive (AWD).
3) 2023 Volvo XC40 (247 hp, 0-60 mph in 6.1 sec)
The only hybrid in the list is the Volvo XC40 with the B5 engine option, which mates a 2.0-liter four-cylinder unit with an electric motor to produce a combined 247 hp and 258 lb-ft of torque.
Note that the CX40 comes standard with the B4 engine (only available in FWD), however for $2,000 more you can upgrade to the more powerful B5 engine which comes with AWD standard.
The acceleration of the Volvo is quite good for a hybrid SUV, it can go from 0-60 mph (0-96 km/h) in 6.1 seconds.
This mild hybrid SUV will set you back at a starting price of $39,645 (with the B5 AWD option selected).
4) 2023 BMW X1 xDrive28i (241 hp, 0-60 mph in 6.2 sec)
The entry-level SUV of the Bavarian automaker recently received a facelift that did wonders in modernizing its design, while it also comes with good performance.
The X1 xDrive 28i uses a 2.0-liter BMW TwinPower Turbo inline-four with 241 hp and 295 lb-ft of torque.
The BMW SUV can speed up from 0-60 mph (0-96 km/h) in 6.2 seconds and comes standard with BMW’s xDrive all-wheel drive.
The BMW X1 starts at an MSRP price of $39,100.
5) 2023 Chevrolet Blazer (228 hp, 0-60 mph in 6.3 sec)
The Blazer sports the sleekest and most modern design out of all the Chevrolet SUVs, it’s also a fast SUV.
Packing a 2.0-liter turbocharged four-cylinder unit that pumps out 228 hp and 258 lb-ft of torque, the Blazer can go from 0-60 mph (0-96 km/h) in 6.3 seconds.
When it comes to price, the Blazer starts at an MSRP of $36,495 and the entry-level version is only available in FWD.
6) 2023 Honda Pilot FWD (285 hp, 0-60 mph in 6.5 sec)
The Pilot is one of the best-sellers in the US, it’s reliable and fast for a mid-size SUV that can fit three-rows seating.
It packs a 3.5-liter V6 engine with 285 hp and 262 lb-ft of torque, and its acceleration times are rated at 0-60 mph (0-96 km/h) in 6.5 seconds.
The Japanese SUV starts at $35,950 and it comes standard in FWD, its great acceleration and powerful engine makes is one of the fastest SUVs under $40,000.
7) 2023 Mercedes GLA 250 4MATIC (221 hp, 0-60 mph in 6.6 sec)
The GLA is the main competitor of the BMW X1, they both compete in a similar price range and come with similar specs.
Although the X1 is faster and less pricey, the Mercedes is quite competent with its 2.0-liter turbocharged inline-four engine with 221 hp and 258 lb-ft of torque.
When it comes to acceleration, the GLA 250 4MATIC can go from 0-60 mph (0-96 km/h) in 6.6 seconds.
It starts at $39,500, and since it’s a 4MATIC model it uses an AWD system.
8) 2023 Nissan Pathfinder S (284 hp, 0-60 mph in 6.7 sec)
The Pathfinder is a very competent off-roader that uses a 3.5-liter V6 that pumps out 284 hp and 259 lb-ft of torque.
If you want the fastest version of this SUV below 40k you should go for the Pathfinder S 4WD version which can achieve a 0-60 mph (0-96 km/h) time in 6.7 seconds.
Pricing for the Nissan Pathfinder S 4WD starts at an MSRP price of $37,100.
9) 2023 Ford Bronco (330 hp, 0-60 mph in 6.7 sec)
The Bronco is a popular SUV that is proving to be a success for the American automaker. It looks great, comes with a lot of power, is a capable off-roader, and it comes with an interesting color offering.
In terms of engines, you could either choose between the standard 2.3-litre EcoBoost inline-four with 300 hp and 325 lb-ft of torque, or pay around $1,829 more to upgrade to the 2.7-liter EcoBoost V6 with 330 hp and 415 lb-ft of torque.
The only issue with going for the second option is that you will also need to add the 10-speed automatic transmission, which will cost you $3,490 more, but it won’t make the car cost more than $40,000.
Going for the V6 means that the Bronco can go from 0-60 mph (0-96 km/h) in 6.7 seconds.
Pricing for the Ford Bronco with the V6 and the 10-speed automatic transmission starts at an MSRP of $39,880.
10) 2023 Jeep Wrangler Sport (285 hp, 0-60 mph in 6.9 sec)
The last SUV on the list is the Jeep Wrangler Sport, which is also the least costly SUV below 40k, it packs a bunch of interesting features, and a wide list of great colors.
The popular off-roader comes with many different engine options, but if you want the most performance for the least price you should look at the 3.6-liter V6 which pumps out 285 hp and 260 lb-ft of torque.
The boxy SUV can speed up from 0-60 mph (0-96 km/h) in 6.9 seconds and comes standard as a 4×4.
The Jeep Wrangler Sport can come in a more affordable price tag if you go for the two-door version with the V6 engine which costs $37,240, while the four-door version will set you back at a starting price of $41,240, therefore you should limit yourself to the two door version.