The best SUVs available in Canada for under $40,000

Are you in Canada looking for the best SUVs under $40,000? There’s no need to look any further! In this article, we’ll look at some of the best SUVs available in Canada for under that price.

Since the cost of nearly everything, from gas to groceries, has risen in recent years, no one can blame you for looking for SUVs in a more affordable price range. You can still find excellent SUVs in the $40,000 price range that excel in performance, comfort, and security. 

There are a wide variety of options available in this price range, whether you need a roomy family car or a flexible crossover for your daily commute. Let’s dive in and check out some of Canada’s finest SUVs that won’t break the bank. 

Why should you consider a less inexpensive SUV?

Buying a cheaper SUV is a good idea for a number of reasons. First, many people are looking for ways to save money without sacrificing quality as the cost of living rises. 

If you’re on a tight budget but still want the safety, comfort, and performance of an SUV, a more affordable model will do the trick. You’ll be able to put that money saved from buying a cheaper SUV toward things like repairs, insurance, and upgrades down the road. Finding a reliable and versatile SUV for under $40,000 is a practical and affordable solution for those in the market for a new car.

A low-cost SUV may be a better choice for you in a number of ways, including the following:

  • Spending less on fuel, insurance, maintenance, and repairs is possible with a cheap SUV. You can save for the future, reduce your debt load, or simply spend the extra cash on things you enjoy.
  • A low-priced SUV may still provide all the conveniences and security you need. Backup cameras, blind spot monitors, and lane-keeping assistance are just a few of the new conveniences available on many reasonably priced SUVs. Both safety and dependability ratings are very high.
  • An affordable SUV can serve your practical purposes. A low-priced SUV will give you the room and adaptability you need for your family, pets, and activities. 

What are the best SUVs available for under $40,000 in Canada

Here are some of the cheapest SUVs in Canada for 2023, along with their prices and features:

Hyundai Venue

A subcompact SUV with the lowest starting price, at just $20,649. It is equipped with a 1.6L four-cylinder engine that generates 121 hp and 113 lb-ft of torque and a CVT for automatic transmission. In addition, it has a heated steering wheel, a wireless phone charger, a dual-level cargo floor, emergency front brakes, lane-keeping assist, and emergency brakes.

Chevrolet Trailblazer

This $24,548 compact SUV is the least expensive option. It has a 1.2L turbocharged engine with 137 hp and 162 lb-ft of torque, and it’s paired with a CVT transmission. It also has a built-in camera for reversing, as well as lane departure and collision warning systems and automatic emergency braking.

Chevrolet Equinox

The least expensive of the midsize SUVs, at just $27,553. A 1.5-liter turbocharged engine with 170 hp and 203 lb-ft of torque is included, along with a six-speed automatic gearbox. It also has a built-in camera for reversing, as well as lane departure and collision warning systems and automatic emergency braking.

Subaru Ascent

Large SUV with the lowest starting price, at just $40,995. A 2.4-liter turbocharged engine with 260 hp and 277 lb-ft of torque is included, and the vehicle can be driven with a CVT. It also has forward collision warning, lane departure warning, adaptive cruise control, and all-wheel drive (AWD).

Kia Seltos

At just $21,595, it is the second-cheapest subcompact SUV after the Hyundai Venue. Powered by a 2.0-liter inline-four good for 146 hp and 132 lb-ft of torque and paired with an automatic transmission, this vehicle is a pleasure to drive. The audio system features a touchscreen display with a resolution of eight inches, as well as six speakers and wireless support for Apple CarPlay and Android Auto.

Mazda CX-30

After the Chevrolet Trailblazer, the Mazda CX-30 is the most affordable compact SUV at just $24,950. The 186 hp and 186 lb-ft of torque come from a 2.5L four-cylinder engine paired with a six-speed automatic transmission. In addition to the eight-inch screen, there are also eight speakers equipped with Mazda’s Harmonic Acoustics technology.

Ford Bronco Sport

After the Chevrolet Equinox, this is the most affordable midsize SUV at $28,499. It is equipped with an eight-speed automatic transmission and a 1.5L three-cylinder EcoBoost engine that generates 181 hp and 190 lb-ft of torque.

Ford’s Co-Pilot360 safety suite is also standard, and it includes things like automatic emergency braking (AEB), a blind-spot monitor (BLIS) with cross-traffic alert (CTA), lane-keeping assistance (LKS), automatic high-beam headlights (AHB), and a rearview camera with a washer.


Among the many affordable SUV options in Canada, these are just a few that you may want to consider for your next purchase in 2023. A wide selection of makes and models ensures that customers can find a car that is right for them. There is a car for every lifestyle, from the compact and chic Hyundai Venue to the roomy and adaptable Kia Seltos.

In addition, the incorporation of state-of-the-art safety features like Ford’s Co-Pilot360 suite gives drivers peace of mind. In conclusion, those in the market for a new SUV should look into these options because they provide excellent value for the money. If you’re in the market for a new car, you’ll be happy to know that there are plenty of reasonably priced SUVs to choose from!

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