Affordable cars are the right kind of car if you are an entry-level buyer or have a tight budget for buying your vehicle for your family member. Like every buyer, all buyers wanted the best performance, fuel economy, comfortable ride, and good enthusiastic driving under budget. Cars under this price of $40,000 offer more premium design, luxury interior, impressive handling, and more fun-to-drive handling. The auto market will see a more refreshed modern design, great fuel economy, and a surprising range of new upcoming cars. So, if you are looking to buy cars next year and have a budget of $40k we have got you covered. These are the top 10 the best upcoming cars under $40,000 to buy in 2023.
10. Toyota GR Corolla – $36,995
The 2023 Toyota GR Corolla is arguably one of the most awaited hot hatches among the gearheads. A sleek and modern-looking hatch that explores endeavors similar to Supra aggressively. The GR Corolla will be made under Toyota’s Gazoo Racing (GR) performance division which is known for some of the most thrilling cars in the industry. The GR Corolla will offer a turbocharged 3-cylinder engine delivering over 300 hp of madness. The 2023 GR Corolla to start at around $35,900 for the base for the Core trim where 5,000 units will be assembled for the American market.
9. Alfa Romeo Tonale – $37,000
The 2023 Alfa Romeo Tonale is the Alfa Romeo’s first plug-in hybrid compact crossover SUV. With the distinctive look and bold appeal, the Tonale carries the Italian DNA out loud in the open. Alfa Romeo assures their first plug-in hybrid will be pleasurable to drive as it looks in person. Under the hood, the new Tonale packs a 256-hp turbocharged 4-cylinder engine with a hybrid electric motor. Thanks to its plug-in hybrid powertrain, the Tonale will offer an estimated 30 miles of electric range. Blended with a standard all-wheel drive and a high-quality rich interior, the Tonale is one of the best upcoming cars under $40k to buy in 2023.
8. Chevy Blazer EV – $38,000
The 2024 Chevrolet Blazer EV is Chevy’s entry to the electrified future with a familiar Blazer badge. The Blazer EV will offer up to 557 horsepower with its top-spec SS trim and is capable of acceleration from 0-60 mph in less than 4.0 seconds. The Blazer EV will use GM’s newest architecture and Ultium battery technology to help it deliver the highest driving range. The 2024 Blazer EV will deliver up to 320 miles of electric driving range making it one of the best upcoming cars under $40k to buy in 2023.
7. Jeep Avenger EV – $39,000
The 2023 Jeep Avenger is a new compact SUV that we have now seen after several leaks and caught with multiple spy shots. The Avenger will sit below the Renegade, and it will provide more features with its stunning design. The compact SUV will be for the European markets and will be sold in Japan and South Korea. The all-new Jeep Avenger will make its official debut at the Paris Motor Show scheduled for October 17. The brand hasn’t revealed any details about the specifications so we’ll wait till the official launch.
6. Honda Civic Type-R – $39,000
Now that the Honda Civic Type R has been officially launched, there aren’t any FWD hot hatch that can challenge it. The 10th-gen Civic Type-R appears demeanor and more aggressive with its modern and updated design. It features a powerful 315-hp four-cylinder engine that results in a thrilling and capable performance on road. The company has fixed the things that lacked in the previous generation model and made it more appealing and cool-looking. The Civic Type-R offers a 6-speed manual making it one of the best upcoming cars under $40,000 to buy in 2023.
5. Kia Niro EV – $40,000
The 2023 Niro EV is the fully electric version of the new Niro subcompact SUV. Kia redesigned its interior as well as exterior. On the exterior, you will get a dual-tone body and Kia claims that recycled material will be used to make the interior. Kia hasn’t revealed its powertrain but by looking at the current generation the 2023 Niro EV will be powered by an electric motor that generates 201 HP with a front-wheel drivetrain only and delivers the expected driving range of 239 miles.
4. Mazda CX-90 – $40,000
Mazda is building a swarm of SUVs filling every gap in the lineup with its new CX-5, CX–50, CX-70, and now the 2023 Mazda CX-90. A three-row seven-seater SUV is Mazda’s largest car. Mazda CX-90 with its appealing road appearance, upscale interior, and impressive ride quality, offers reliable and capable performance. The new 2023 CX-90 will be built on a new platform, responsible for the vehicle’s performance, ride quality, and better handling. The new CX-90 with its capable performance and the precise engine is one of the best upcoming cars to buy in 2023.
3. Acura ZDX – 40k
Acura introduced the all-new Precision Concept in 2016, which made a roadmap for the company’s future lineup of electric cars. Staying to that has resulted in the tackiness of today’s lineup. The Acura ZDX will feature the same styling as the Precision EV and will use GM’s new Ultium battery platform. The upcoming 2024 ZDX will go into production as a 2024 model next year. The 2024 ZDX will feature single and two electric motors that will make up to 400 hp of power.
2. Toyota Crown – $40,000
The new 2023 Toyota Crown has made its name in the US markets after decades of disappearance. The new Toyota Crown features astonishing looks with a broad road presence and offers the full features of a sedan with its spacious four-door body. The Crown comes with an array of powertrain options from 2.5-liter or 2.4-liter turbo-four engines with three electric motors. The engines come paired with an automatic CVT gearbox and make over 340 horsepower. A modern-looking car with a sweet set of powerful engines complimented by a feature-rich interior makes it one of the best upcoming cars under $40k to buy in 2023.
1. Tesla Cybertruck – $39,000
I don’t think there is any EV that carries the same levels of hype as the upcoming 2023 Tesla Cybertruck. Not long ago, Musk announced that the EV truck will finally hit mass production and will hit the roads at the end of 2023. An electric pickup from the future that holds behemoth 1000 hp power inside its alienist-looking design. The upcoming Tesla Cybertruck will offer up to three electric motor powertrains with all-wheel drive and over 500 miles of range. The pickup will have 14,000 pounds of towing capacity packaged under a price of over $39,000. The 2023 Cybertruck is one of the best upcoming cars under $40,000 you can buy in 2023.