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Best Luxury SUVs Under $50,000 For 2023

Deputy Editor
Updated: Jul 10, 2023
Forbes Wheels independently tests and reviews cars and automotive accessories. We may earn an affiliate commission from links on our site. The analysis and opinions are our own.

The average new vehicle in 2023 costs more than $48,000, and the average luxury vehicle more than $66,000, according to data from Cox Automotive. With inventories still low and inflation high, it’s a serious challenge to roll off the lot in a new luxury SUV for under $50 Grand. Serious, but not impossible. In fact, there are many compelling premium crossovers you can buy for this relatively approachable price, although you might have to compromise on size, speed or optional extras.

Thirty years ago, the number of genuine luxury SUVs could be counted on one hand, but not anymore. People love SUVs for their higher ride height, larger door openings for easy ingress, egress and car-seat fitting, and they also like the pretense of adventure they offer. With buyers flocking to crossovers en masse, the number of luxury crossovers and levels of choice within each model lineup have proliferated. 

So too have regular popular brand SUVs, and with some of their top trims cresting over $50,000 and offering sumptuous interiors and lots of features (here’s lookin’ at you, Kia Telluride), just what is considered a luxury SUV nowadays? 

We consider a luxury machine to be one coming from a well-known premium brand that offers as much of the latest technology, style and convenience as possible, although the sub-$50,000 luxury crowd tends to skew toward smaller and more entry-level models. Notably, there’s only two three-row SUVs on this list, and no midsize three-rows. It’s just no longer possible to buy a luxury vehicle that large for this price.

Instead, our list of the best luxury SUVs under $50,000 focuses on those that will deliver a proper luxury experience and leave some room for personalization when you shop. Since many of these choices offer lengthy options lists, a steady hand and willingness to tune out the finance manager is required to arrive at a suitable blend of cost and comfort. 

These models represent price points below $50,000. We’ve evaluated them primarily on their overall ratings, but we’ve also included a couple of models that are noteworthy for presenting particularly good value or features and capabilities buyers can’t get from competing models.

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Price Starting From

$42,900

via CarsDirect

Why We Picked It

Pros & Cons

Also Featured In

Price Starting From

$38,600

via CarsDirect

Why We Picked It

Pros & Cons

Price Starting From

$43,500

via CarsDirect

Why We Picked It

Pros & Cons

Price Starting From

$38,690

Why We Picked It

Pros & Cons

Also Featured In

Price Starting From

$48,250

via CarsDirect

Why We Picked It

Pros & Cons

Price Starting From

$39,755

Why We Picked It

Pros & Cons

Price Starting From

$36,350

via CarsDirect

Why We Picked It

Pros & Cons

Also Featured In

Price Starting From

$39,800

via CarsDirect

Why We Picked It

Pros & Cons

Price Starting From

$44,590

Why We Picked It

Pros & Cons

Price Starting From

$42,745

via CarsDirect

Why We Picked It

Pros & Cons

Price Starting From

$37,500

via CarsDirect

Why We Picked It

Pros & Cons

Also Featured In

Why We Picked It

Pros & Cons

Price Starting From

$36,600

via CarsDirect

Why We Picked It

Pros & Cons

Price Starting From

$36,400

via CarsDirect

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Pros & Cons

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At a Glance
2023 Genesis GV70
Price
$42,900
Mileage
22 City / 28 Hwy
Rating
88 /100
2023 BMW X1
Price
$38,600
Mileage
25 City / 34 Hwy
Rating
87 /100
2023 Audi Q5
Price
$43,500
Mileage
23 City / 29 Hwy
Rating
85 /100
2023 Lincoln Corsair
Price
$38,690
Mileage
22 (2022) City / 29 (2022) Hwy
Rating
85 /100
2023 Mercedes-Benz GLC
Price
$48,250
Mileage
21 (2022) City / 27 (2022) Hwy
Rating
86 /100
2023 Lexus NX
Price
$39,755
Mileage
26 City/ 33 Hwy
Rating
83 /100
2023 Volvo XC40
Price
$36,350
Mileage
24 City / 32 Hwy
Rating
81 /100
2023 Mercedes-Benz GLB
Price
$39,800
Mileage
24 City / 32 Hwy
Rating
81 /100
2024 Alfa Romeo Tonale
Price
$44,590
Mileage
N/A City / N/A Hwy
Rating
80 /100
2023 Acura RDX
Price
$42,745
Mileage
22 City / 28 Hwy
Rating
80 /100
2023 Mercedes-Benz GLA
Price
$37,500
Mileage
24 City / 34 Hwy
Rating
77 /100
2023 Land Rover Discovery Sport
Price
$43,300
Mileage
19 City / 23 Hwy
Rating
76 /100
2023 BMW X2
Price
$36,600
Mileage
24 City / 32 Hwy
Rating
76 /100
2023 Audi Q3
Price
$36,400
Mileage
23 (2022) City / 30 (2022) Hwy
Rating
72 /100

What is the Most Luxurious SUV Under $50,000?

Luxurious is about style, feel and tech, and the Genesis GV70 and Mercedes-Benz GLC-Class are tied in terms of how luxurious and special they feel. The Benz may feel a little more high-end inside, but both of them are beautifully-detailed and feel genuinely luxurious. Genesis also offers interior color and material options that only ultra-luxe makers like Bentley do, though it’s very hard to get them for less than $50,000. Both vehicles’ standard sets of technology and interior fittings are top of the pack among this group. The Lincoln Corsair and Audi Q5 are a little less overtly plush, but still serious contenders.

What is the Quietest Luxury SUV?

Genesis, Lincoln and Lexus all do a great job of isolating the driver from wind and road noise. Among SUVs you can buy for under $50,000, we’d rank the Lexus NX number one in this spot, as it’s quiet in almost every situation unless you’re flooring it from a standing start. The GV70 and Corsair aren’t far behind, however.

What is the Cheapest Luxury SUV?

Although we haven’t included it on the list here, the Lexus UX is the cheapest luxury SUV on the market and starts (for 2023) at $35,925 including destination. The UX excels at fuel efficiency and is, in fact, the most fuel-frugal conventional hybrid SUV on the market. It also looks cool, with a rakishly low-slung design. But it severely skimps on rear seat space and cargo room, resulting in the smallest back seat of any premium-brand SUV and also one of the least capacious cargo holds.

Volvo’s XC40 is the closest, with a starting price of $36,195 for 2022 ($37,445 for 2023), followed by the Cadillac XT4 ($37,490 for 2023) and the BMW X2 ($37,595).

METHODOLOGY

We sorted our luxury SUVs under $50,000 primarily by their overall rating as assigned by Forbes Wheels team of experts, but we also included some additional models that we feel have merit beyond their formulaic scores. We’ve also included some 2023 models that are already on sale.

Our rating methodology has been expanded from five to seven categories for 2022. As such, ratings of the same vehicle between these two model years may differ slightly.

For 2022, our ratings categories are:

  1. Performance
  2. Fuel Economy
  3. Safety
  4. Infotainment
  5. Comfort & Room
  6. Cargo Space & Storage
  7. Style & Design

Overall: 100 points

  • Performance (15 points) The Performance score is a subjective assessment of a vehicle’s handling, braking, acceleration, ride quality and other qualitative performance measures such as horsepower, torque, zero-to-60 time and top speed. Towing capability for trucks and SUVs also is considered. Performance of the vehicles is compared against the identified competitive set. While driving, reviewers look for attributes relative to the expectations set by the manufacturer and by consumer expectations.
  • Fuel Economy (15 points) The Fuel Economy score is based on the combined mpg estimate for the entire model lineup and how that figure measures against the identified competitive set. The mpg estimates are based on EPA data or the manufacturer if no EPA data is available. Hybrid and plug-in electric variants within a lineup that significantly lower their overall average will not be included in the comparison unless the competitive set also have hybrid or PHEV variants. Scoring for pure electric vehicles will be based on kilowatts consumed per 100 miles and the comparative mile per gallon equivalent, or MPGe.
  • Safety (15 points) The Safety score is based on crash test results from the National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety. Vehicles not yet rated by either agency receive zero points. Also included in the safety rating are points awarded for certain advanced driver-assistance safety features offered as standard equipment on the base trim. There are nine safety features Forbes Wheels considers mandatory for the standard offering: forward emergency automatic braking, forward collision warning, automatic high beams, blind spot monitoring, rear cross-traffic warning, adaptive cruise control and lane departure warning or one its higher-level variants, lane keeping assistance or lane centering. Vehicles must have at least four of these in their standard offering to receive points. Vehicles that offer a Level 2 self-driving system, (a combination of adaptive cruise control and lane centering) are eligible for a bonus point.
  • Infotainment (15 points) The Infotainment score is based on points awarded for certain features offered as standard equipment on the base trim. Forbes Wheels identifies certain features that are growing in popularity and therefore have been adopted by both premium and mainstream automakers. Some of these features include a minimum 7-inch touchscreen (or premium vehicles that use a rotary knob, touchpad or other mechanism to control a non-touchscreen display), wired Apple CarPlay and Android Auto, a customizable, digital driver information display or instrument panel and at least 2 USB ports. Additional points are awarded for popular features that haven’t been widely adopted in mainstream vehicles such as wireless Apple CarPlay and Android Auto and wireless charging capabilities.
  • Comfort & Room (15 points) The Comfort & Room score is based on points awarded for the reviewer’s assessment of the vehicle’s comfort, ergonomics and overall interior feel as well as effective use of space. Points also are awarded for the measurement of rear-seat legroom and how it compares with the identified competitive set. Vehicles that offer a segment-best legroom in either rear seat or optional third row are eligible for a bonus point.
  • Cargo Space & Storage (15 points) The Cargo Space & Storage score is based on points awarded for the reviewer’s assessment of the vehicle’s large and small cargo spaces (as well as small-item storage) and how well they serve their purpose and effective use of space. Reviewers also consider innovative storage solutions and flexible loading features. Points also are awarded for the cargo space measurements for rear cargo hold or trunk and how it compares with the identified competitive set. Vehicles that offer a segment-best cargo or trunk space are eligible for a bonus point.
  • Styling (10 points) The Performance score is a subjective assessment of a vehicle’s overall styling and design, inside and out. Reviewers also consider the configuration of the interior and how well the design plays into the function. Build quality also is a consideration.

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