It’s not hard to find used at affordable prices, but what about new models? If you’re looking for a small luxury SUV, many start at . Of course, price isn’t everything. You also want one that’s relatively inexpensive and provides plenty of tech features to justify the expense. Here are four of the best and most affordable luxury SUVs of 2023.
BMW X2 from 2023
2023 is the final production year for the , but TrueCar still recommends this model for snappy handling and quick acceleration. The X2 pairs a 228-hp turbocharged engine with an eight-speed automatic transmission. When optioned with all-wheel drive, this affordable luxury SUV earns 27 mpg city/highway combined.
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TrueCar reports that buyers pay an average of $36,693 for a 2023 Cadillac XT4 (nearly $800 less than the MSRP). With 235PS on tap, this affordable luxury SUV is slightly more powerful than the BMW X2, but the AWD models are far less efficient. The XT4 still strikes a good balance between ride comfort and responsive handling, especially with the optional sports suspension.
It has a below-average maximum cargo capacity, but still provides over 22 cubic feet behind the second row. Also, second-row legroom is subpar compared to other SUVs in this segment. However, even the synthetic leather seats in the base Luxury trim are welcoming and supportive.
The luxury is also equipped with standard equipment, including wireless smartphone integration and an impressive security suite. Additionally, reviewers appreciate the XT4’s customization options and available package upgrades. A fully loaded model with a sunroof, vented leather seats, and a Bose sound system might only cost around $46,000.
2023 Volvo XC40
Most buyers pay $1,000 less than the manufacturer’s suggested retail price of $37,445. The new models now have a hybrid turbo-four producing up to 247 hp, depending on trim. There’s nothing noteworthy about this engine’s performance except its 27 mpg city/highway fuel economy.
The basic trim level of the Volvo XC40 has several advanced driving aids, as well as a new infotainment interface optimized by Google. Both rows offer ample legroom, and TrueCar editors are fans of the interior’s Scandinavian vibe.
2023 Lexus UX
Retailing for $36,490, the 2023 is the cheapest new luxury SUV. This hybrid also delivers the most competitive fuel economy, earning up to 42 mpg combined. But thrill-seekers might want to look elsewhere: The UX’s 181-hp four-cylinder is sluggish, and the only shifting option is a continuously variable transmission.
Many reviews mention that the Lexus UX could use more passenger and cargo space. However, the interior boasts premium materials and unique seat color options. Plus, the standard Lexus Safety System+ 2.5 is an incredible value for the UX price.
