12 Best Affordable Luxury Cars & SUVs That Hold Their Value in 2024
- Luxury cars are some of the most fascinating things ever. In fact, it wouldn’t be wrong to say that almost every one of us, dream to own a luxury car ourselves one day. Looking to drive in style and comfort but don't have the cash to spring for every option in the configurator? But fear not, we have highlighted vehicles from all ranks of luxury automakers with prices rivaling other well-equipped mainstream sedans or compact SUVs. Among this list of vehicles, all models are teh best semi-affordable luxury cars 2024 include vehicles from BMW, Mercedes-Benz, and Infiniti, and other brands that carry a reputation for luxury. So What is the most affordable and reliable luxury car? What luxury SUV has the lowest cost of ownership? Which luxury car is the cheapest? This article will help you solve these doubts.
So, 2024 is here and so are the best cars and SUVs. New releases from companies like BMW, Mercedes, Cadillac, Volvo, Audi, Lexus and many more deliver everything from comfort and power to giving shoppers the ultimate experience on wheels.Most brands offer a hybrid and/or fully electric models, with just as much fun and speed while being very friendly toward the environment.
Today,Let's take you through best affordable luxury cars and SUVs that match cost efficiency with premium features.
1.2024 Infiniti QX50
Price MSRP: From $39,000
The 2024 Infiniti QX50 is a good premium compact SUV/crossover. It has a roomy and well-designed interior, drives smoothly, comes with a lot of standard safety systems, starts at a reasonable price, and wraps it all up with an arguably good-looking exterior.
It’s still quite fresh, as well. This second generation debuted for the 2019 model year. These qualities and more could put the QX50 on many prospective buyers’ short lists. But they might have to be long short lists.Because there’s so much competition. Some rivals are more fun from a driving perspective than the QX50, several have greater prestige, others retain their worth to a higher degree.
Key Specifications
Dimensions: 185″ L x 75″ W x 66″ H
Engine: 2.0 L 4-cylinder
MPG: Up to 23 city / 29 highway
Horsepower: 268 hp
Cargo volume: 31.1 to 31.4 ft, 64.4 to 65.1 ft with seat area
Reviews:
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Should I Buy the Infiniti QX50?
The Infiniti QX50's expansive cabin and lengthy features list make it worth considering. However, there are more well-rounded vehicles out there, including the Acura RDX and Mercedes-Benz GLC. The RDX boasts a more capable powertrain, and the GLC has a more luxurious cabin.
2.2024 Audi Q5
Price MSRP: From $45,600
The 2024 Audi Q5 premium compact SUV/crossover seems to be everyone’s favorite Audi. It’s the company’s top-selling model and even the experts here at KBB aren’t immune to its charms. We’ve given it a Best Buy award for its class every year from 2018 to 2021. That’s really something when the competition includes the BMW X3, Mercedes-Benz GLC-Class, Lexus NX, and the Acura RDX.
The reason for this wild success? The Q5 is a prime example of a compact luxury SUV. It has the manners, tech, safety, refinement, and (arguably) the style that appeals to a fortunate set of potential buyers who have a number of wonderful choices. The range includes a plug-in hybrid (PHEV) and the sporty SQ5.
Key Specifications
Dimensions: 184″ L x 75″ W x 66″ H
MPG: 23 city / 29 highway
Cargo volume: 25.85 ft³, 54.06 ft³ with seat area
Curb weight: 4,101 lbs
Towing capacity: 4,400 lbs
Engine: 2.0 L 4-cylinder
Review:
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Should I Buy the Audi Q5?
While the Audi Q5 is a very good vehicle, there are plenty of worthy contenders when it comes to premium SUVs. For greater luxury, consider the Mercedes-Benz GLC. For something even more fun to drive than the Q5, consider the BMW X3 or Porsche Macan. If you like the Q5 but want something bigger, you might consider the seven-seat Audi Q7.
3.2024 Volvo XC40
Price MSRP: From $35,100
The Volvo XC40 is a top choice in subcompact luxury SUVs. It turns heads with its unique styling, and it has a lot of practicality for such a small SUV. The seating space is pretty generous, it’s loaded with modern tech features, and as you’d expect from a Volvo, it earns stellar safety ratings with the coveted IIHS Top Safety Pick+ award.
The 2024 XC40 is a carryover model from last year, but a few minor changes are worth noting. The power liftgate is now an individual option, and wireless charging is standard in the R-Design and Inscription trims.One of only complaints is that there’s no hybrid option, despite Volvo’s commitment to electrification. However, there is an all-electric Volvo XC40 Recharge.
Key Specifications
MPG: Up to 23 city / 32 highway
Cargo volume: 16 ft, 46.9 ft with seat area
Curb weight: 3,627 to 3,840 lbs
Towing capacity: 3,500 lbs
Reviews:
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Should I Buy the Volvo XC40?
You should buy the XC40 if you’re in the market for a small luxury crossover that provides a lot of bang for the buck. This Volvo has a low base price for the class and comes with an abundance of standard safety and technology features. However, some rivals have easier-to-use infotainment systems.
4.2024 BMW X3
Price MSRP: From $43,700
The 2021 BMW X3 is a great luxury SUV. The X3 has an upscale interior, roomy seating for five passengers, and a large cargo area. It’s comfortable and relaxing to drive day to day, yet still agile and exciting for carving up twisting backroads. Engine options range from a turbocharged four-cylinder to a plug-in hybrid and a twin-turbo six-cylinder that each scoot the X3 up to speed confidently.
Other X3 highlights include a user-friendly infotainment system and numerous standard safety features. This adds up to an SUV that’s as enjoyable to drive as it is practical.
Key Specifications
Dimensions: 186″ L x 74-75″ W x 66″ H
MPG: Up to 23 city / 29 highway
Horsepower: 248 hp
Cargo volume: 28.7 ft, 62.7 ft with seat area
Curb weight: 4,079 to 4,392 lbs
Reviews:
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Should I Buy the BMW X3?
You should definitely consider the 2021 BMW X3 if you’re shopping for a luxury compact SUV. It offers a mix of performance, comfort, and practicality that few of its competitors can match. That said, it’s not a bad idea to check out other high-ranking alternatives like the Mercedes-Benz GLC and Volvo XC60, or even the well-rounded Audi Q5.
5.2024 Mercedes-Benz GLB-Class
Price MSRP: From $38,600
The Mercedes-Benz GLB-Class is an interesting choice in compact luxury SUVs. Slotted between the smaller GLA-Class and bigger GLC-Class, it’s on the smaller side of the premium compact crossover segment.As far as German luxury SUVs go, this Mercedes-Benz is a pretty good value.
Despite its small footprint, the GLB-Class is remarkably roomy for its size, thanks to its boxy shape. The interior is so spacious that it has an optional third row of seats, but the way-back seats have tight legroom and don’t leave much space for cargo. That said, there’s plenty of room in the first two rows and generous cargo space in the standard 5-seat configuration.
Key Specifications
Seating capacity: 5
Dimensions: 182-183″ L x 72-73″ W x 65″ H
MPG: Up to 24 city / 32 highway
Horsepower: 221 to 302 hp
Cargo volume: 22 ft, 62 ft with seat area
Review:
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Should I Buy the Mercedes-Benz GLB?
The 2024 Mercedes-Benz GLB is worth a look if you’re shopping for a luxury SUV. It provides an excellent blend of refinement, practicality, and value, and it makes just as much sense for small families and empty nesters alike. Even so, you owe it to yourself to check out well-regarded competitors like the BMW X3, Audi Q5, and Volvo XC60, along with Mercedes-Benz’s own GLC SUV.
6.2024 Lincoln Corsair
Price MSRP: From $36,105
The Lincoln Corsair has quickly become the brand’s best-selling model, and it’s not hard to see why. This is a stylish compact luxury SUV with a serene interior and reasonable pricing. It borrows some of the best elements of its bigger Lincoln stablemates like the Aviator and Navigator while having its own personality. If you’re looking for a crossover with the spirit of a sport sedan, you may want to look elsewhere. But if what you’re looking for is a smooth, quiet, and comfy SUV with a versatile interior and handsome styling, the Corsair is a strong value in this class.
The Lincoln Corsair doesn’t get many significant changes for the 2024 model year. Still, it does add a new Luxury Package available for the Reserve and Grand Touring plug-in hybrid models with a head-up display and Revel 13-speaker premium audio. Some other reshuffling of feature content includes a standard panoramic moonroof on the Reserve I model.
Key Specifications
Dimensions: 181″ L x 74″ W x 64″ H
MPG: Up to 22 city / 29 highway
Towing capacity: 2,000 lbs
Horsepower: 250 to 280 hp
Engine: 2.0 L 4-cylinder, 2.3 L 4-cylinder, 2.5 L 4-cylinder
Review:
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Should I Buy the Lincoln Corsair?
The Lincoln Corsair gets you a lot of bang for your buck, thanks to its affordable starting price and long list of features. Still, it doesn’t hurt to shop around. The Acura RDX is another affordable luxury SUV, and it has sportier handling than the Corsair. Alternatively, if price is less of a concern, then the BMW X3 is worth a look.
7.2024 Land Rover Discovery Sport
Price MSRP: From $43,200
The 2024 Land Rover Discovery Sport premium compact SUV is the smallest and most affordable vehicle in the Land Rover stable. And we’re more inclined to call it a sport utility vehicle (SUV) instead of merely a crossover because it can tackle all the tough terrain that would stop a crossover in its tracks.
What’s the difference between the 2022 Discovery Sport and the Discovery? It’s confusing, we know, for two vehicles to have nearly identical names and similar looks. The Sport version does not have a powerful engine or big tires, and has a lower ride height compared to its larger and tougher Discovery brother. As we explain further on, there’s nothing particularly sporty about the 2024 Discovery Sport.
Key Specifications
Dimensions: 181″ L x 75″ W x 68″ H
Towing capacity: 4,409 lbs
MPG: 19 city / 23 highway
Horsepower: 246 hp
Review:
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Should I Buy the 2024 Land Rover Discovery Sport ?
You should probably explore other options in the class unless you plan to do a lot of off-roading because aside from tackling trails, there are just too many areas where the Discovery Sport lags behind its classmates. On the bright side, you can get a fully loaded Disco Sport for less than many class rivals, so if you do pick this Land Rover, at least you’ll save some scratch.
If you’re looking for more well-rounded options, check out the BMW X3 and Volvo XC60.
8.2024 Porsche 718 Cayman
Price MSRP: From $60,500
The Porsche Cayman is the iconic German brand’s entry-level sports car, but don’t let the term “entry-level” fool you. This is a premium sports car with a mid-engine configuration, superb driving dynamics, and unmistakable Porsche styling. It’s even surprisingly practical for a 2-seater, with its characteristic roofline yielding a pretty roomy cargo area.
The Porsche Cayman is available in several different variants, and there isn’t a boring one in the bunch. Every Cayman model has a personality of its own, from the base model to the more energetic Cayman S to the 6-cylinder GTS and GT4 models. What they all have in common is an engaging driving experience and a premium interior with little room for complaint.
Key Specifications
Horsepower: 300 to 414 hp
Curb weight: 3,034 to 3,227 lbs
MPG: Up to 21 city / 27 highway
Dimensions: 172-176″ L x 71-72″ W x 50-51″ H
Engine: 2.0 L 4-cylinder, 2.5 L 4-cylinder, 4.0 L 6-cylinder
Review:
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Should I Buy the Porsche Cayman?
The Cayman should be one of the first vehicles that luxury sports car shoppers test-drive. It not only delivers on all fronts, but it costs less than many of its classmates, making it a great value.
9.2024 Cadillac CT4
Price MSRP: From $33,695
The Cadillac CT4 is the successor to the Cadillac ATS, which served as the Cadillac entry-level model from 2013-2019. The CT4 sedan builds on the ethos of the ATS with a rewarding driving experience, modern tech features, and a sleek design, all at a reasonable price point. However, the CT4 has the same weak spot as the ATS — subpar interior quality for a luxury car. Depending on your tastes, the interior quality is a worthy trade-off for affordable pricing.
The calling card of the Cadillac CT4 is subcompact luxury car pricing for a compact luxury car. Like the bigger CT5, it’s priced a class lower than the one it competes in. That makes the CT4 an excellent bargain in small luxury sedans as long as you don’t need a ton of space in the trunk or the back seats.
Key Specifications:
Horsepower: 235 to 310 hp
MPG: Up to 23 city / 34 highway
Dimensions: 187″ L x 71″ W x 56″ H
Curb weight: 3,422 to 3,622 lbs
Engine: 2.0 L 4-cylinder, 2.7 L 4-cylinder
Review:
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Should I Buy the 2024 Cadillac CT4?
If you’re working with a tighter budget and don’t need a ton of storage space, the CT4 is worth considering. This Cadillac costs less than many class rivals and comes loaded with many standard features. However, if you want an even more engaging drive, a swankier cabin, or more room for people and stuff, there are better options out there.
10. 2024 Audi Q3
Price MSRP: From $33,695
The 2024 Audi Q3 is the most affordable way of getting into a new Audi SUV/crossover. Since it’s smaller than the Q5, the Q3 is theoretically a subcompact crossover. It doesn’t seem right describing it as such because it feels much roomier than that. Yet it competes in the same class as the BMW X1, Mercedes-Benz GLA-Class, and Volvo XC40 — all entry-level premium small crossovers.
How long has the Audi Q3 been around? This second generation debuted for the 2019 model year. In 2020, we gave it our Best Buy award for the luxury subcompact SUV class. There’s plenty of justification for our recommendation. The Q3 is a quality machine that’s both tech-rich and user-friendly. And most people can agree that it’s stylish, especially compared with the rather conservative efforts of its German rivals.
Key Specifications:
Dimensions: 177″ L x 73″ W x 63″ H
MPG: Up to 23 city / 30 highway
Horsepower: 184 to 228 hp
Curb weight: 3,902 to 3,913 lbs
Cargo volume: 23.7 ft³, 48 ft³ with seat area
Review:
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Should I Buy the Audi Q3?
While there’s a lot to like about the Audi Q3, there are plenty of good SUVs in the class. For instance, the BMW X1 has sharper handling and more cargo space than the Q3. If you like the Q3 but want something roomier, you could consider the Audi Q5.
11.2024 Acura ILX
Price MSRP: From $27,300
The 2024 Acura ILX premium compact sedan is the cheapest new Acura and one of the most affordable luxury cars. Yes, it’s based on the Honda Civic, but keep in mind that the Civic has evolved into a brilliant machine. So Acura is already starting from an advantage.For young drivers looking to move up in the automotive world, wanting something better than the Corolla they had in college, the ILX is a great next step. And not just because it drives well and is generally classy.
Granted, an ILX won’t thrill like a BMW 2 Series, but that car is about $10,000 more. As the hours behind the wheel mount up, though, and the days and months of owning the car turn into years, people find that the ILX has its own particular charm.
Key Specifications:
Horsepower: 201 hp
MPG: 24 city / 34 highway
Dimensions: 182″ L x 71″ W x 56″ H
Engine: 2.4 L 4-cylinder
Curb weight: 3,095 to 3,148 lbs
Review:
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Should I Buy the 2024 Acura ILX?
It may be the most affordable vehicle in its class, but that doesn’t mean the ILX is a slam-dunk buy. Plenty of rivals are a better value, despite their higher prices. The Mercedes-Benz A-Class has a lavish cabin, fancier tech features, and sharper handling. On the other hand, if you like the Acura but want something roomier or more powerful, you might consider the larger TLX sedan.
12.2024 Lexus UX
Price MSRP: From $34,255
It’s a quiet year for the UX, a compact premium crossover SUV that remains the least expensive way of getting into a brand-new Lexus. Apart from some new paint colors and color-keyed fender liners, very little has changed with the UX, which continues to be available as a UX 200 or a UX 250h, a hybrid model that comes with standard all-wheel drive (AWD).
The UX 200 is powered by a 2.0-liter 4-cylinder engine with 169 horsepower. The UX 250h also has a 2.0-liter engine, but its gasoline engine is supplemented by front and rear electric motors. Total output of the UX hybrid is 181 horsepower.This small Lexus SUV is quite comfortable. Although it’s technically a 5-seater, it’s best suited for four adults.
Key Specifications:
Dimensions: 177″ L x 72″ W x 61″ H
MPG: Up to 41 city / 38 highway
Cargo volume: 17.2 to 21.7 ft
Horsepower: 169 to 181 hp
Engine: 2.0 L 4-cylinder
Review:
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Should I Buy the 2024 Lexus UX?
Budget-minded shoppers should take a look at the 2024 Lexus UX. It has a below-average starting price without skimping on features or sacrificing interior refinement. Yet there are more well-rounded alternatives you should also consider, including the Volvo XC40 and BMW X1.
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