Top 5 SUV under 40k in Australia (2025)
SUVs are the road king in Australia, and the good news is you don’t need to mortgage the house to own one. Whether it’s for family tasks, weekend trips, or just wanting something slightly higher off the ground, there are plenty of affordable options available for under $40k in 2025.
We’ve rounded up the best picks that balance value, features, and everyday usability.
Top 5 SUVs under 40k
1. MG ZS Excite 1.5 CVT – Australia’s budget-friendly favourite
The MG ZS has quickly become one of the most popular SUVs on Aussie roads. Why? Because it’s ridiculously well-priced and still comes with the essentials: Apple CarPlay, safety tech, and a decent amount of space.
- Price: from around $25,990 drive-away
- Why it’s good: unbeatable price-to-feature ratio, perfect for first-time SUV buyers.
- More details on: MG ZS
Get pre-approved for a car loan and find out how nicely the ZS could fit into your wallet.
2. GWM Haval Jolion – big features, little price tag
If you like extra motor for your dollar, the Haval Jolion must be on your shortlist. It’s packed with tech (consider big screens and full safety suite), and yet still well under $40k for most models.
- Price: from around $24,990 drive-away
- Why it’s good: huge feature list for the money, backed by a long warranty.
- More details on: GWM Haval Jolion
Compare car finance options for the Jolion today.
3. Hyundai Kona – style meets practicality
The new Hyundai Kona has grown up. It’s bigger, smarter, and better to drive than ever before. Hyundai’s tech and safety package makes it feel a notch above, while still fitting comfortably under $40k for entry trims.
- Price: from around $35,990 drive-away
- Why it’s good: snappy appearance, modern interior, and simple to live with day-in and day-out.
- More details on: Hyundai Kona
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4. Kia Seltos – the practical all-rounder
If you’re after an SUV that just does everything right, the Kia Seltos is the smart pick. It’s roomy for its size, there’s a sensible boot, and Kia’s 7-year warranty can’t be beaten.
- Price: from around $33,140 drive-away
- Why it’s good: great balance between price, practicality, and peace of mind.
- More details on: Kia Seltos
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5. Hyundai Inster EV – electric SUV under $40k
Yes, an electric SUV at last cuts the mustard. Australia’s best-value electric SUV is the all-new Hyundai Inster, priced from around $39,000 before on-roads. Small but loaded with good tech, two battery choices and up to 327 km range, it’s a dealmaker for Aussies who want to go electric without breaking the bank.
- Price: from $39,000 before on-roads
- Why it’s good: first decent EV SUV in Australia under $40k, great city range, backed by Hyundai reliability.
- More details on: Hyundai Inster EV
Honourable Mention
• Toyota Corolla Cross – hybrid model, Toyota reliability, strong resale price.
Which SUV is best for you?
- On a tight budget: MG ZS or Haval Jolion.
- Need the ultimate all-rounder: Kia Seltos.
- For tech and style: Hyundai Kona.
- Want to go electric: Hyundai Inster EV.
The Finance Side
Finding the right SUV is one thing — getting it within budget is another. That’s where we come in. At Electric Loans Australia, we help average Aussies on the go quicker with finance that adds up.
Popular options we set up:
- Car loans (3–7 years): fixed weekly payments, balloon option to cut costs.
- Novated leases: salary packaging with potential tax savings if you’re an employee.
- Chattel mortgages: for ABN holders who will use the SUV primarily for business.
Ballpark repayments:
For SUVs under $40k, most customers will be between $140–$220 per week, depending on credit profile and loan structure.
On your marks, ready to drive your new SUV in 2025?
Get a quote today and see how affordable your repayments could be.
