7 Best New Cars Under $40,000 In 2024: Best Value to Money Vehicles

Choosing the right car is a significant decision, especially when you have a budget of up to $40,000. This price range offers a wealth of options that balance performance, luxury, practicality, and cutting-edge technology.

Whether you’re a driving enthusiast seeking thrilling performance, a family needing a spacious and safe SUV, or someone looking to embrace the future with an electric vehicle, there’s a perfect match for you.

In this comprehensive guide, we’ll explore the top cars available under $40,000, considering factors like performance, comfort, technology, safety, reliability, and value.

By the end of this blog, you’ll have a clearer understanding of your options and be better equipped to make an informed decision that suits your lifestyle and preferences. Let’s dive into the top contenders that offer exceptional value without compromising on quality or features.

Table of Contents

Key Factors to Consider

Before diving into specific models, it’s important to understand what makes a car a good choice in this price range. Here are some key factors to consider:

Performance: Look for cars with engines that offer a good balance of power and fuel efficiency. Consider whether you need front-wheel drive, rear-wheel drive, or all-wheel drive.
Comfort: The car should provide a comfortable ride with quality materials and a quiet cabin. Look for features like adjustable seats, climate control, and a smooth suspension.
Technology: Modern cars come with a host of tech features. Infotainment systems, advanced driver assistance systems, and connectivity options are important considerations.
Safety: Safety should always be a priority. Look for cars with high safety ratings and a comprehensive suite of safety features.
Reliability: Choose a car with a reputation for reliability and low maintenance costs. This ensures peace of mind and a good resale value.
Design: While subjective, the car’s design both inside and out is important. Look for a style that appeals to you and suits your lifestyle.
Value: The car should offer good value for its price, considering all the factors above.

Top Cars Under $40,000 in 2024

Note: The prices and specification for the new models or specific trim level were sourced from the manufacturers’ websites, also from reputed automotive websites like Kelley Blue Book (KBB), Car and Drive, TrueCar, and Edmunds.

Here are some of the top cars available for budget under $40,000, spanning various categories to suit different needs and preferences.

1. 2024 Toyota Camry XSE V6

Price: From $36,845

The Toyota Camry has long been a staple in the midsize sedan market, and the XSE V6 variant brings a sportier edge to this reliable model.

Performance: The XSE V6 is powered by a 3.5-liter V6 engine producing 301 horsepower, offering a thrilling driving experience. The eight-speed automatic transmission provides smooth shifts and responsive performance.
Comfort: The Camry XSE V6 features a well-appointed interior with leather-trimmed seats, a panoramic glass roof, and dual-zone climate control. The cabin is spacious and quiet, making it ideal for long drives.
Technology: Standard tech features include a 9-inch touchscreen, Apple CarPlay, Android Auto, and a premium audio system. Advanced safety features like adaptive cruise control, lane-keeping assist, and blind-spot monitoring are also included.
Design: The XSE V6 boasts aggressive styling with a sporty front grille, 19-inch alloy wheels, and dual exhaust with quad chrome tips.
Value: Priced around $36,000, the Camry XSE V6 offers a lot of car for the money, combining performance, comfort, and reliability.

2. 2024 Honda Accord Touring 2.0T

Price: From $39,200

The Honda Accord has been a benchmark in the midsize sedan segment for decades, and the Touring 2.0T model brings a touch of luxury and performance.

Performance: Equipped with a 2.0-liter turbocharged engine generating 252 horsepower, the Accord Touring 2.0T offers robust performance. The ten-speed automatic transmission enhances driving dynamics.
Comfort: The Accord Touring features leather-trimmed seats, a head-up display, and ventilated front seats. The interior is spacious and designed with high-quality materials.
Technology: It comes with a 10-speaker premium audio system, an 8-inch touchscreen, Apple CarPlay, Android Auto, and wireless charging. Safety features include adaptive cruise control, lane-keeping assist, and traffic sign recognition.
Design: The Accord has a sleek and modern design with a sporty stance, LED headlights, and 19-inch alloy wheels.
Value: With a price tag around $39,000, the Accord Touring 2.0T offers a great balance of luxury, performance, and advanced features.

3. 2024 Mazda CX-5 Signature

Price: From $40,600

For those who prefer an SUV, the Mazda CX-5 Signature is an excellent choice. It combines luxury, performance, and practicality in a stylish package.

Performance: The CX-5 Signature is powered by a 2.5-liter turbocharged engine that produces 250 horsepower. All-wheel drive is standard, providing excellent traction and stability.
Comfort: The interior is luxurious, with Nappa leather seats, genuine wood trim, and a quiet cabin. The seats are comfortable and supportive, making it ideal for long journeys.
Technology: It features a 10.25-inch infotainment display, Apple CarPlay, Android Auto, a Bose premium audio system, and a full suite of safety features including adaptive cruise control and lane-keeping assist.
Design: The CX-5 has a refined and elegant design, with sleek lines and a distinctive front grille. The 19-inch alloy wheels add to its sophisticated look.
Value: Priced at just above $40k, the Mazda CX-5 Signature offers a luxurious experience at a competitive price point.

4. 2023 Subaru Outback Limited

Price: From $37,090

The Subaru Outback is a versatile crossover that excels in both on-road comfort and off-road capability.

Performance: The Outback Touring XT comes with a 2.4-liter turbocharged engine delivering 260 horsepower. Subaru’s symmetrical all-wheel drive ensures excellent handling in various conditions.
Comfort: The interior features Nappa leather upholstery, heated and ventilated front seats, and a large panoramic sunroof. The cabin is spacious and designed for comfort on long trips.
Technology: Standard features include an 11.6-inch touchscreen, Apple CarPlay, Android Auto, and a Harman Kardon premium audio system. Subaru’s EyeSight suite of safety features includes adaptive cruise control and lane-keeping assist.
Design: The Outback has a rugged yet refined look, with raised roof rails, LED headlights, and 18-inch alloy wheels.
Value: At around $37,000, the Subaru Outback Touring XT offers a combination of luxury, capability, and practicality that is hard to beat.

5. 2024 Kia Telluride S

Price: From $39,155

The Kia Telluride is a standout in the midsize SUV segment, offering a spacious interior, robust performance, and a host of features.

Performance: The Telluride EX is powered by a 3.8-liter V6 engine producing 291 horsepower. It offers smooth and confident performance, with an eight-speed automatic transmission.
Comfort: The interior is spacious and well-appointed, with leather seats, a power sunroof, and tri-zone climate control. The Telluride comfortably seats seven or eight passengers.
Technology: It comes with a 10.25-inch touchscreen, Apple CarPlay, Android Auto, and a premium audio system. Safety features include blind-spot monitoring, adaptive cruise control, and rear cross-traffic alert.
Design: The Telluride has a bold and commanding presence, with a distinctive front grille, LED headlights, and 18-inch alloy wheels.
Value: Priced at around $39,000, the Kia Telluride EX offers a high level of standard features and excellent value for a family-friendly SUV.

6. 2024 Tesla Model 3 Standard Range Plus

Price: From $41,000

For those interested in electric vehicles, the Tesla Model 3 Standard Range Plus offers cutting-edge technology and impressive performance.

Performance: The Model 3 Standard Range Plus is powered by an electric motor that delivers rapid acceleration and a smooth, quiet ride. It has an estimated range of around 263 miles on a full charge.
Comfort: The interior is minimalist and modern, with comfortable seating and a panoramic glass roof. The cabin is spacious and quiet, thanks to the lack of an internal combustion engine.
Technology: The centerpiece of the interior is a 15-inch touchscreen that controls virtually all functions of the car. It includes navigation, media, and climate control. Advanced driver assistance features such as autopilot are also available.
Design: The Model 3 has a sleek, aerodynamic design with clean lines and a futuristic look. The minimalist interior complements the exterior styling.
Value: Priced at around $41,000, the Tesla Model 3 Standard Range Plus offers an entry into the electric vehicle market with advanced technology and performance.

7. 2024 Hyundai Palisade SEL

Price: From $39,400

The Hyundai Palisade is another excellent option in the midsize SUV category, known for its spaciousness and feature-rich offering.

Performance: The Palisade SEL comes with a 3.8-liter V6 engine that produces 291 horsepower. It provides smooth and reliable performance, with an eight-speed automatic transmission.
Comfort: The interior is luxurious, with cloth or leather seating options, a power-adjustable driver’s seat, and second-row captain’s chairs. The cabin is quiet and comfortable, ideal for family trips.
Technology: Features include an 8-inch touchscreen, Apple CarPlay, Android Auto, and a suite of safety features such as adaptive cruise control and lane-keeping assist.
Design: The Palisade has a bold and attractive design, with a prominent front grille, LED headlights, and 18-inch alloy wheels.
Value: Priced at around $39,000, the Hyundai Palisade SEL offers a high level of standard features and a spacious, comfortable interior.

Choosing the Right Car for You

Selecting the right car under $40,000 depends on your specific needs and preferences. Here are some factors to consider to help you make the right choice:

Lifestyle and Usage

Think about how you will use the car most of the time. If you need a family vehicle, an SUV like the Kia Telluride or Hyundai Palisade might be the best choice. For those who commute long distances, a comfortable and fuel-efficient sedan like the Toyota Camry or Honda Accord could be ideal. If you have an active lifestyle and need some off-road capability, the Subaru Outback is a great option.

Performance and Handling

If you enjoy driving and want a car that offers a thrilling experience, look for models with powerful engines and sporty handling. The Toyota Camry XSE V6 and Honda Accord Touring 2.0T are excellent choices for those who value performance.

Comfort and Luxury

For those who prioritize comfort and luxury, the Mazda CX-5 Signature and Hyundai Palisade SEL offer upscale interiors and a smooth ride. Features like leather seats, advanced climate control, and premium audio systems add to the luxury experience.

Technology and Features

Modern cars come equipped with a wide range of tech features. If having the latest technology is important to you, look for models with advanced infotainment systems, connectivity options, and driver assistance features. The Tesla Model 3 stands out for its cutting-edge technology and electric powertrain.

Safety

Safety should always be a top priority. All the models listed come with a comprehensive suite of safety features, but it’s worth checking for specific features that are important to you, such as adaptive cruise control, lane-keeping assist, and blind-spot monitoring.

Conclusion

Finding cheap new cars involves balancing performance, comfort, technology, safety, and value. By considering what’s most important to you and taking the time to test drive, you can find the perfect car that meets your needs and enhances your driving experience without exceeding your budget.

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Stephen Madison

Stephen Madison is a well-known automotive writer with over ten years of experience. A lifelong car lover, Stephen writes about cars in a way that is both easy to understand and exciting. At Vehicle Grip, Stephen writes about everything from car reviews to the latest automotive innovations. With a background in mechanical engineering, He has a deep knowledge of how cars work. This helps Madison explain complex car technology in simple terms that everyone can enjoy.