Edmunds: The best used luxury vehicles to be had for under $40,000

With new car prices hovering around $50,000, luxury vehicles may seem out of reach for many consumers. However, the pre-owned market offers a compelling alternative, with numerous high-end models available for under $40,000, according to automotive experts at Edmunds.

These used luxury vehicles deliver the refinement, performance, and technology that distinguish premium brands from their mainstream counterparts, but at a significantly reduced cost. The key is knowing which models offer the best value while maintaining the luxury experience buyers seek.

BMW’s 3 Series remains a benchmark in the luxury sedan segment, combining sporty handling with sophisticated comfort. The current seventh-generation model, introduced in 2019, features a more powerful turbocharged four-cylinder engine, improved dynamics, and increased cargo capacity compared to its predecessor. While rear-wheel drive comes standard, all-wheel drive options are available for those facing challenging weather conditions.

Edmunds recommends focusing on 2022-2024 base 330i models to stay under the $40,000 threshold. Prospective buyers should prioritize examples equipped with advanced driver assistance features such as adaptive cruise control and lane-keeping systems, which were optional extras when these vehicles were new.

For those preferring an SUV, the Mercedes-Benz GLB presents an attractive option in the subcompact luxury segment. Launched for the 2020 model year, the GLB initially came with a 221-horsepower four-cylinder engine, with a sportier 302-horsepower AMG GLB 35 variant arriving in 2021. The model stands out for its spacious interior and commanding visibility, with an optional third row that, while tight, can accommodate small children in a pinch.

The standard GLB 250 offers an appealing balance of performance, fuel efficiency, and ride comfort. Well-equipped 2023 and 2024 models can regularly be found below the $40,000 mark, especially when shopping at authorized dealers or reputable used car retailers.

Genesis, Hyundai’s luxury division, has made significant inroads into the premium market with models like the GV70. This stylish compact SUV debuted for the 2022 model year and offers a choice between a 300-horsepower four-cylinder engine (designated as 2.5T) or a robust 375-horsepower V6 (3.5T). The latter delivers particularly impressive acceleration, making highway merging and passing maneuvers effortless.

Beyond its performance credentials, the GV70 features an upscale interior design, comprehensive standard equipment, and practical cargo capacity. Many 2022 and 2023 examples can be purchased within the $40,000 budget.

Families requiring three rows of seating might consider the Acura MDX, which underwent a comprehensive redesign for 2022. The updated model features more aggressive styling, increased passenger space across all three rows, and enhanced technology features. Power comes from a standard 290-horsepower V6 engine, with front- or all-wheel drive configurations available.

The sportier Type S variant offers 335 horsepower but typically exceeds the $40,000 price point on the used market. Edmunds suggests targeting the A-Spec trim level of the 2022 MDX, which adds sporty visual elements and a well-rounded package of convenience and technology features.

For buyers seeking maximum space and utility, the Buick Enclave represents an interesting middle ground between mainstream and luxury segments. The previous-generation model, produced from 2018 to 2024 before being replaced by an all-new version for 2025, offers upscale appointments and substantial passenger and cargo capacity.

When shopping for an Enclave, Edmunds recommends focusing on 2023 or 2024 models in the mid-level Premium trim. This configuration includes desirable features absent from the base Essence trim, such as ventilated front seats and an enhanced audio system, while still remaining comfortably under the $40,000 ceiling.

While new luxury vehicles continue to push price boundaries upward, these pre-owned options demonstrate that premium badges need not be prohibitively expensive. With careful shopping and informed choices, buyers can enjoy the prestige and refinement of luxury brands without exceeding reasonable budgetary constraints.