Best Used SUVs to Buy Under $30,000 in May 2024

Navigating the ever-changing landscape of the used SUV market requires insight into vehicles that combine exceptional value with affordability. May 2024 emerges as a stellar period for consumers seeking such deals. Bumper.com has compiled its eagerly awaited list of the top 10 used SUVs to buy under $30,000. These rankings highlight budget-friendly options and emphasize vehicles with unique histories and features. In an era overwhelmed by automotive choices, our specialists at Bumper.com have leveraged our extensive database of over 40 million vehicles to dissect trends, monitor price shifts, and evaluate market availability, offering dependable recommendations on used SUVs experiencing notable price reductions. This analysis forecasts a market ripe with opportunities for buyers. To help your search before delving into a detailed VIN lookup or vehicle history assessment, we present several insights to steer you toward the ideal choice.

 

Key trends in the budget used SUV segment

 

1. Significant price reductions in luxury brands

 

Luxury SUVs, including models like the Mercedes-Benz GL-Class and ML-Class, have witnessed some of the most pronounced price decreases over the past year, averaging over 17%. These reductions render high-end brands with luxurious features more attainable for those on a budget.

 

2. Increased market availability leads to more choices

 

Vehicles such as the Mini Countryman have experienced a notable increase in market presence, with availability numbers exceeding 100 across 90-day periods. This broader selection sets the stage for more competitive pricing.

 

3. Steady discounts and promotional offers

 

The SUVs on our curated list typically sell at prices very close to their listed values, with average discounts hovering around 2%. This minimal discrepancy between listing and selling prices denotes a competitive market environment where good value remains, despite limited haggling room.

 

4. VIN decoding unlocks the vehicle’s story

 

Armed with comprehensive VIN data for each SUV model, buyers can gain insights into exhaustive histories, including past ownership, service records, and unique features. This depth of knowledge is crucial for informed decision-making, emphasizing considerations beyond mere pricing.

 

5. Benefits of higher mileage

 

Specifically highlighted used SUVs, especially those with significant price drops, like the Honda Element and Nissan Xterra, tend to have higher mileage. This aspect becomes a pivotal negotiation point. Astute buyers, equipped with detailed vehicle history reports, can better evaluate whether an SUV’s mileage accurately reflects its condition and maintenance history, ultimately helping to ensure the best return on investment.

 

Top 10 used SUVs under $30,000

 

1. Volkswagen Touareg

 

The Volkswagen Touareg tops our list, with significant price reductions over the past year, indicating a buyer’s market for this model. Its largest listing volume was observed 30 to 60 days ago.

• Average price change (from one year ago): -16.93%
• Average list price: $12,812.18
• Average vehicle age: 11.22 years
• Average days on market: 34.71
• Average odometer reading: 107,072.74
• Average discount: 1.70%

 

2. Mini Countryman

 

The Mini Countryman holds the second position, showing a more stable price trend compared to others, reflecting its steady demand over time.

• Average price change (from one year ago): -9.66%
• Average list price: $16,893.04
• Average vehicle age: 8.08 years
• Average days on market: 31.43
• Average odometer reading: 69,737
• Average discount: 2.00%

 

3. Mercedes-Benz GL-Class

 

The Mercedes-Benz GL-Class is third, with a substantial price decrease in the last year, suggesting potential for great deals on older, luxury models.

• Average price change (from one year ago): -17.32%
• Average list price: $14,832.30
• Average vehicle age: 11.2 years
• Average days on market: 41.32
• Average odometer reading: 110,863.27
• Average discount: 1.30%

 

4. Honda Element

 

The Honda Element is unique for its age; despite being older, it has a comparatively high retention rate, indicating a loyal fan base and robust build.

• Average price change (from one year ago): -5.75%
• Average list price: $9,094.46
• Average vehicle age: 17.32 years
• Average days on market: 35.75
• Average odometer reading: 154,175.28
• Average discount: 0.90%

 

5. Mercedes-Benz ML-Class

The Mercedes-Benz ML-Class also exhibits a significant year-over-year price drop, marking it as a potentially valuable pickup for those seeking luxury at a lower cost.

• Average price change (from one year ago): -19.76%
• Average list price: $15,127.26
• Average vehicle age: 10.2 years
• Average days on market: 35.33
• Average odometer reading: 96,995.02
• Average discount: 1.40%

 

6. Lexus GX

 

The Lexus GXshows the smallest year-over-year price change among the top 10, which might be due to its enduring value and Lexus’s reputation for reliability.

• Average price change (from one year ago): -3.45%
• Average list price : $20,158.45
• Average vehicle age: 13.03 years
• Average days on market: 34.43
• Average odometer reading: 137,196.84
• Average discount: 1.30%

 

7. Fiat 500X

 

The Fiat 500X has seen a notable drop in price, especially from 90 to 120 days ago, making it an attractive option for those seeking a compact SUV.

• Average price change (from one year ago): -18.59%
• Average list price: $13,663.46
• Average vehicle age: 6.79 years
• Average days on market: 35.89
• Average odometer reading: 58,263.48
• Average discount: 2.10%

 

8. Nissan Xterra

 

TheNissan Xterra provides a good balance between price and age, offering a rugged option for those in need of an affordable and reliable SUV.

• Average price change (from one year ago): -11.12%
• Average list price: $9,905.57
• Average vehicle age: 14.57 years
• Average days on market: 36.24
• Average odometer reading: 134,636.97
• Average discount: 1.50%

 

9. Toyota Scion xB

The Toyota Scion xB stands out for its relatively low current list price and less severe year-over-year price decline, hinting at a potential bargain.

• Average price change (from one year ago): -11.87%
• Average list price: $8,376.98
• Average vehicle age: 13.47 years
• Average days on market: 40.48
• Average odometer reading: 124,929.93
• Average discount: 1.50%

 

10. Mercedes-Benz M-Class

The Mercedes-Benz M-Class wraps up the list, offering the prospect of accessing the luxury market at a significantly lower entry point, reflecting its age and market dynamics.

• Average price change (from one year ago): -15.69%
• Average list price: $8,152.01
• Average vehicle age: 15.86 years
• Average days on market: 46.88
• Average odometer reading: 129,591.48
• Average discount: 1.40%

With the insights and detailed analysis provided by Bumper.com, our list of the top 10 used SUVs under $30,000 stands as a thorough guide for buyers in May 2024. From significant price drops in luxury brands to the advantages of choosing higher mileage vehicles with solid service records, this list offers something for every prospective buyer. Whether you’re drawn to the rugged allure of the Nissan Xterra or the luxurious comfort of the Mercedes-Benz GL-Class, each SUV on our list has been carefully selected due to its potential to deliver exceptional value and satisfaction. As the used SUV market continues to evolve, being equipped with this knowledge will help empower you to make a choice that best aligns with your needs and financial considerations.

 

AI Disclaimer: The images presented here were created using artificial intelligence (AI) technology. While we strive for accuracy, they are artistic representations and may not depict exact or true-to-life details. We do not guarantee the accuracy, relevance, or completeness of any information in these images. For accurate and detailed representations, we recommend consulting the vehicle manufacturer directly.