Best Luxury SUVs Under $60,000 for 2024 and 2025

In the 2024 and 2025 luxury SUV market under $60,000, the Genesis GV70 excels in comfort and agility thanks to its adaptive suspension and luxurious interior. The Volvo XC90 and XC40 are noted for their commitment to safety and sleek Scandinavian design. The Lexus RX 350 leads its class in fuel efficiency with 21-22 MPG in city driving for its non-hybrid version, while the BMW X5’s plug-in hybrid variant achieves 39-40 MPG equivalent on electric power, making it an ideal choice for eco-conscious and budget-minded consumers.

Diverse engine options like the robust V6 in the 2025 Honda Pilot provide substantial power without sacrificing space, but when evaluating these vehicles, it’s essential to consider more than just horsepower. Updated infotainment systems, cargo capacity, and overall driving experience are crucial for understanding the actual value of each SUV. Rankings and reviews can be valuable resources, guiding potential buyers in making an informed choice based on an assessment of features.

2024 Volvo XC40

MotoPickers Rating: 8.1/10

The 2024 Volvo XC40, starting at $40,500, offers a luxury SUV experience with a streamlined exterior and a functional cabin enhancing comfort and utility. It boasts a tall and spacious interior, ensuring a commanding road view and an inviting environment. Its 247 horsepower turbocharged engine pairs with all-wheel drive (AWD), ensuring strong acceleration and reliable handling on various terrains.

The XC40 excels in fuel efficiency, achieving an estimated 24 MPG in the city and 30 MPG on the highway. The model also features an easily accessible, albeit slightly confined, 16 cubic feet (cu. ft.) cargo area. Updated with more standard and optional technological features in 2024, the XC40 promises a connected and convenient driving experience. However, prospective buyers should weigh its acclaimed safety against the mixed reviews on interior quality and the complexity of its 9” infotainment system.

2024 Genesis GV70

MotoPickers Rating: 8.3/10

The 2024 Genesis GV70 balances acceleration and comfort, making it a strong contender under $60,000. Starting at $45,150, it offers 300 to 375-horsepower powertrains, each featuring standard AWD for stable handling in various conditions. Genesis emphasizes technology and utility within this SUV’s luxurious cabin through additions like a large and responsive 14.5” infotainment system enhancing entertainment and practicality.

Genesis designs the GV70 with sharp, confident styling and a spacious interior with 28.92 cu. ft. of cargo capacity. Fuel efficiency is commendable for its class, ranging from 18-22 MPG in the city and 24-28 MPG on the highway. Advanced safety features like Forward Collision-Avoidance Assist reinforce its reliability, and while the seats could offer more support, the overall comfort and refinement of the ride are impressive.

2025 BMW X3

MotoPickers Rating: 8.3/10

Rumors have it that the 2025 BMW X3, starting at around $48,000, will offer a range of engines generating around/between 280 and 390 horsepower, providing sprightly acceleration and versatile handling. Representing its fifth generation, the 2025 BMW refines its predecessor’s success rather than reinventing the wheel.

According to Car and Driver, photos suggest the 2025 X3 is larger in every exterior dimension. Still, this size doesn’t hinder the model’s performance, as reports describe it as containing a lower drag coefficient than last year’s version. Inside, the BMW X3 prioritizes luxury, with a spacious cabin accommodating five passengers and offering generous cargo space. Drivers can expect to see the 2025 BMW X3 on dealership lots starting in the summer of 2024.

2024 Genesis GV60

MotoPickers Rating: 8.5/10

Starting at $52,000, the 2024 Genesis GV60 makes a notable entry into the luxury electric SUV market, boasting modern elegance and practicality with a range of nearly 300 miles on a full charge. It features a powertrain that delivers between 225 and 429 horsepower. However, this 429 horsepower can increase to 483 horsepower with Boost mode. Inside, the GV60 contains stylish yet sustainable materials, including but not limited to faux leather surfaces partially made of vegetable polymers.

The GV60 excels in handling and performance, offering a ride that balances comfort with responsiveness. Optional AWD ensures steady performance on various terrains. Its technology suite includes two integrated 12.3” screens, a gauge cluster, and an infotainment system hub. Safety features, including advanced driver-assist systems, a digital key, and a Wi-Fi hotspot, are standard. Despite its impressive fast-charging capability, the GV60 faces competition challenges due to its limited availability.

2024 Volvo XC90

MotoPickers Rating: 8.5/10

The 2024 Volvo XC90, priced from $56,600, caters to families seeking a luxurious and practical three-row midsize SUV. It showcases elegant Scandinavian design throughout the cabin, offering a sleek environment that’s only somewhat overshadowed by limited cargo space. Despite the third-row seating being more suited for smaller passengers, the XC90 ensures comfort for the entire family, with cushioned seats ideal for long trips. Advanced cabin technology like Google built-in enriches the experience, though the 9” infotainment system may require some patience to master fully.

On the road, the XC90 delivers robust performance with a standard AWD system and offers horsepower options ranging from 247 to 295 across three trims. The hybrid model is eco-friendly, combining dynamic performance with efficient fuel usage. Opting for the larger 21” wheels may compromise ride smoothness but enhance the vehicle’s aesthetic appeal. Volvo’s commitment to safety is evident, featuring advanced technology such as blind spot cameras and pedestrian detection, automatic parking, and numerous driver aids — establishing a balance of luxury and practicality.

2024 Genesis GV80

MotoPickers Rating: 8.6/10

The 2024 Genesis GV80, starting at $57,700, offers a refined luxury midsize SUV experience recognized for its comfortable ride and high-end interior. It features generous cargo space measuring 34.9 cu. ft. — ideal for road trips and family outings. The base model’s turbocharged four-cylinder engine delivers 300 horsepower. Upgrading to the 3.5-liter twin-turbo V6 engine increases output to 375 horsepower, enhancing acceleration for smooth, responsive performance in the city and on highways.

Handling in the GV80 is precise and dependable, thanks to standard AWD. Inside, the vehicle includes features such as a Wi-Fi hotspot added in 2024 for on-the-go connectivity. The interior offers luxury with spacious, high-quality seating, although the third-row seats are more suitable for occasional use or smaller passengers. With advanced safety features and achieving 18-20 MPG in the city and 23-24 MPG on the highway, the GV80 represents a compelling choice in the luxury SUV category, combining style, performance, and practicality without an exorbitant price tag.

2024 Lexus TX

MotoPickers Rating: 8.8/10

The 2024 Lexus TX, starting at $55,050, appeals to those seeking a luxury three-row SUV with ample space and comfort. It comfortably accommodates six to seven adults across all three rows. Further, it distinguishes itself with impressive fuel efficiency of 20-21 MPG in the city and 26-27 MPG on the highway for its non-hybrid versions. Whether you choose AWD or RWD, the TX provides a solid 275 horsepower, ensuring a robust and responsive ride.

Despite its numerous features, the Lexus TX may lack the sportier feel some drivers prefer, and its interior, though comfortable, may not reach the luxuriousness of some rivals. However, it compensates with 20.2 cu. ft. of cargo space and a focus on smooth travel. Safety is a top priority, with the Lexus Safety System+ 3.0 containing six advanced driver-assistance features standard on every model, including Road Sign Assist and Intelligent High Beams. The TX marries style with substance, enhancing your driving experience while ensuring practicality remains a core aspect.

2024 Volvo XC60

MotoPickers Rating: 8.9/10

The 2024 Volvo XC60 starts at an appealing $46,900, offering a spacious and classy interior that sets it apart in the luxury SUV category. Equipped with AWD and a 247-horsepower powertrain, the XC60 balances enjoyment and efficiency, achieving 22 MPG in the city and 28 MPG on the highway for daily commute and long-distance travel versatility.

This model integrates advanced technology for a luxurious and safe driving experience, although mastering the 9” infotainment system may take some time. In 2024, Volvo removed the supercharged engine and FWD options, focusing on efficient AWD variants. While not the sportiest in its class, the XC60 offers comfort and subdued Scandinavian luxury for enjoyable daily drives.

2024 Cadillac Lyriq

MotoPickers Rating: 9.0/10

The 2024 Cadillac Lyriq, priced from $58,590, offers a compelling choice for those seeking an all-electric luxury SUV under $60,000. It showcases Cadillac’s commitment to luxury with an upscale, spacious interior designed for family-friendly comfort and style-conscious appeal. The Lyriq focuses on comfort rather than raw acceleration but delivers Cadillac’s signature smooth ride. Its handling is confident and balanced, with options for RWD or AWD and 28 cu. ft. of cargo space.

Equipped with GM’s Ultium battery architecture, the Lyriq boasts a competitive estimated range of 95 city and 82 highway miles, ensuring it is as practical as it is luxurious. The SUV includes a comprehensive suite of safety features, and while its curved 33” infotainment system may have a learning curve, it remains rich with technological features. For 2024, Cadillac introduces Tech and Sport trims with an enhanced AWD powertrain and a reshuffled features lis. The Lyriq’s standard features, like navigation, heated seats, and DC fast-charging capability, position it as a top contender among electric models prioritizing luxury, comfort, and technology.

2024 Mercedes-Benz GLC-Class

MotoPickers Rating: 9.1/10

The 2024 Mercedes-Benz GLC-Class, starting at $47,450, offers a powertrain range of 255 to 416 horsepower. Known for prioritizing safety, the GLC-Class includes advanced driver-assist technologies, watching the road and all around your vehicle, alongside precise handling. The interior exudes luxury, with high-grade materials like fine wood and contemporary metals enhancing design.

This lineup includes Mercedes-AMG’s GLC 43, emphasizing the brand’s dedication to high performance with a 0 to 60 mph time of 4.6 seconds. Fuel efficiency is impressive for its power, ranging from 18-26 MPG in the city and 24-33 MPG on the highway. Despite some competitors offering more features at base prices, the GLC-Class provides an upscale cabin, a sleek exterior, and responsive acceleration.

Frequently Asked Questions

This section addresses common inquiries regarding luxury SUVs under $60,000 for 2024 and 2025 model years, focusing on features, value, and new market entrants.

What are the top-rated luxury SUVs with 3 rows of seating for the 2024 model year?

The 2024 Genesis GV80 and Volvo XC90 are the top choices for three-row luxury SUVs, as both models offer ample seating while maintaining style and comfort.

However, some may argue that the Genesis GV80 is a more efficient option with its 34.9 cu. ft. cargo capacity compared to the Volvo XC90’s 12.57 cu. ft.

Which midsize luxury SUVs are rated highest for the 2024 and 2025 models?

The 2024 and 2025 Mercedes-Benz GLE-Class and Porsche Cayenne are highly rated for their power, luxury, and advanced technology.

Both models display robust safety performance capabilities, with the GLE-Class receiving an Insurance Institute for Highway Safety (IIHS) Top Safety Pick+ designation and Porsche’s Cayenne delivering 468 maximum horsepower.

Can you list the most reliable luxury SUVs for under $60,000?

The Genesis GV70 and Volvo XC40 are noted for their reliability and affordability. Both feature quality craftsmanship and include comprehensive warranties ensuring long-term dependability.

Each model also carries a similar price, with the 2024 Genesis GV70 starting at $45,150 and the Volvo XC40 at $40,500.

Which luxury SUV models are expected to have the best resale value in 2024?

Models like the Porsche Cayenne and Mercedes-Benz GLE-Class traditionally maintain their value due to their brand prestige and durable build quality.

With proper maintenance, these luxury vehicles offer long-lasting performance and design, enhancing their resale value.

What are the leading luxury SUV options available within a $60,000 budget?

The Genesis GV70, Volvo XC90, and BMW X3 lead as budget-friendly luxury SUVs, balancing performance, comfort, and innovation.

Whether you’re a fan of the GV70’s 14.5” infotainment system, the XC90’s advanced safety technology, or the X3’s 390 horsepower trim, each model offers distinctive features ensuring a high-end driving experience.

Are there any new luxury SUV models coming in 2024 that fit under the $60,000 price point?

Watch for the Volvo EX30, which will offer the automaker’s signature sleek Scandinavian design and safety features at a starting price under $35,000.

This new full-electric model aims to upgrade daily drives with responsive electric powertrains producing between 268 and 422 horsepower, creative interior LED lighting, and comfortable bucket seats.