How Much Does a New SUV Cost? Average Prices for Common Models
Buying a new SUV can be quite expensive, but could also be quite a bargain. The average price of an SUV truly depends on the model that you buy, as well as the class of SUV you choose. Sport utility vehicle costs are normally higher than cars due to their size, among other factors. There are compact, mid-size, large, and luxury SUV models to choose from. The cheapest SUV prices will be found in the compact SUV category. They typically average out around $21,000. An example of a compact SUV would be the Honda CR-V, which starts out at $21,545. Next up is the midsize SUV category. These models normally range around the $25,000 mark, with some near the $30,000 MSRP range. An example in this class wold be the Ford Edge, which prices out at $26,000 for the base model. The next two classes are where the prices start rising big time. The large SUV class, which are the largest vehicles on the market at times, normally will run you over $40,000. These models have the ultimate room for cargo and passengers, with most seating eight to nine people. Models include the Chevy Tahoe, Toyota Sequoia, and others. These models start from $37,000 and up, with the limited editions and premium packages increasing the price over $40,000. The last class is the luxury SUV, which is the most expensive. These models typically run from $45,000 to over $60,000. These models include the Lexus RX, Mercedes M Class, and the Audi Q series.