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2023 Chevrolet Corvette

Buyers Guide: The Best Cars Between $50K – $75K for 2023

A Budget that opens a Floodgate of Options

When it comes to finding the perfect blend of luxury, performance and value, a $50,000 to $75,000 budget opens up a world of possibilities for the intended buyer.

In this range, the options are almost limitless. One can expect to find an array of exceptional vehicles that score high marks for driving experience, advanced technology and design.

It would be an impossible task to capture all the great cars in this category. However, here are a few picks that could help direct your buying decision.

  1. Cadillac Lyriq
  2. Chevrolet C8 Corvette
  3. Ford Bronco
  4. Mercedes-AMG C43 4Matic
  5. Genesis G80 AWD Sport
  6. Volvo V60 Recharge
  7. Kia Telluride SX Prestige
  8. Ford F-150 Platinum
  9. Porsche 718 Boxster
  10. BMW i4 Gran Coupé

Cadillac Lyriq

2023 Cadillac Lyriq

Via Gear Junkie

Specifications

  • MSRP: $57,195 USD /  $79,151 CAD
  • Powertrain: Permanent magnet synchronous AC Motor
  • Power / Torque: 340 hp /  325 lb-ft (entry-level Tech trim)
  • Transmission: RWD (entry-level Tech trim)
  • 0-60 mph: 5.7 seconds
  • Fuel Economy: N/A
  • Range: 314 miles (for the RWD model)
  • Basic Warranty: 4 years /  50,000 miles (80,000 km)

Our Take

The Lyriq is Cadillac’s first foray into the EV world and holds a lot of promise for the marque. The luxury SUV boasts a futuristic design, complete with a fancy light show that triggers as you approach the car. The interior is well laid out with premium materials and one of the largest infotainment screens ever fitted in a production vehicle. The 500-hp Dual Motor AWD model is a particularly tempting proposition with its impressive 3,500-lb towing capacity, and it still fits within the budget.

2023 Chevrolet C8 Corvette

2023 Chevrolet Corvette

Via Motor Authority

Specifications

  • MSRP: $68,300 /  $94,537 CAD
  • Engine: 6.2-litre naturally aspirated V8
  • Power / Torque: 490 hp /  470 lb-ft
  • Transmission: RWD
  • 0-60 mph: 2.9 seconds
  • Fuel Economy: 16 MPG (city) /  19 MPG (Highway)
  • Basic Warranty: 3 years /  36,000 miles (60,000 km)

Our Take

The eight-generation Corvette, with its switch to a rear-mid-engine layout, represented a bold move for the carmaker. However, it is one that’s paid off big time as the C8 Corvette shines with its supercar capabilities, especially in the area of handling and outright pace. It is also quite affordable for the experience it delivers and is a viable option for anyone who is put off by the high prices of the more traditional supercars.

Ford Bronco Heritage Limited Edition

2023 Ford Bronco

Via Thorncrest Ford

Specifications

  • MSRP: $71,580 /  $99,077 CAD
  • Engine: 2.7-litre V6
  • Power / Torque: 315 hp /  410 lb-ft
  • Transmission: AWD
  • 0-60 mph: 7.3 seconds
  • Fuel Economy: 21 MPG (City) /  26 MPG (Highway)
  • Basic Warranty: 3 years /  36,000 miles (60,000 km)

Our Take

This SUV revives the nameplate for one of Ford’s most iconic vehicles and has done a pretty job of upholding the Bronco legacy. It outsold the Wrangler, an American favourite, by 10,412 to 11,874 units in 2022. The Bronco’s success is not all down to sentiment, though. The Ford Bronco impresses with its great looks, multiple variants, loads of customizable options and off-road capabilities.

2023 Mercedes-AMG C43 4Matic

2023 Mercedes AMG C43

Via Canada Drives

Specifications

  • MSRP: $61,050 USD /  $84,502 CAD
  • Engine: 2.0-litre turbocharged 4-cylinder
  • Power / Torque: 402 hp /  369 lb-ft
  • Transmission: AWD
  • 0-60 mph: 4.6 seconds
  • Fuel Economy: 18 MPG (City) /  27 MPG (Highway)
  • Basic Warranty: 4 years /  50,000 miles (80,000 km)

Our Take

This sports sedan allows you to experience the best of Mercedes-AMG performance without breaking the bank for the heavy hitters further up the food chain. The powerful 4-cylinder engine packs a hefty punch for its size, transforming the C43 AMG into an intense performance sedan. An aggressive tune, rear-wheel steering system and adaptive dampers are just some of the elements that make each ride in the C43 AMG a memorable one.

2023 Genesis G80 AWD Sport

2023 Genesis G80

Via Carbuzz

Specifications

  • MSRP: $65,750 USD /  $91,007 CAD
  • Engine: 3.5-litre turbocharged V6
  • Power / Torque: 375 hp /  391 lb-ft
  • Transmission: AWD
  • 0-60 mph: 4.9 seconds
  • Fuel Economy: 16 MPG (City) /  25 MPG (Highway)
  • Basic Warranty: 5 years /  60,000 miles (100,000 km)

Our Take

The Genesis G80 is a luxury sedan that offers a lot of value for its price. It boasts an attractive design, and the interior features a host of premium materials and tech loadout. The Sport trim dials up the driving engagement with its twin-turbocharged V6 power plant. It is no BMW or Mercedes, but you’d be hard-pressed to find a luxury sedan that blends value, performance and luxury as well as the Genesis G80.

2023 Volvo V60 Recharge

2023 Volvo V60

Via The Drive

Specifications

  • MSRP: $70,550 USD /  $97,651 CAD
  • Engine: 2.0-litre turbocharged Inline-4 + 2 AC Motors
  • Power / Torque: 455 hp (combined) /  523 lb-ft (combined)
  • Transmission: AWD
  • 0-60 mph: 4.4 seconds
  • Fuel Economy: 74 MPGe (Combined City/Highway) – electric + gas

31 MPG (Combined City/Highway) – gas

  • Basic Warranty: 4 years /  50,000 miles (80,000 km)

Our Take

The wagon market is shrinking, but there are still some stand-out performers like this V60 Recharge. It’s hard to find fault with this sporty wagon. Some of its highlights include an all-wheel-drive system, generous cargo space and excellent fuel efficiency. What’s more? This plug-in hybrid also offers up to 41 miles on electric power alone, something that’s lacking in most of its rivals.

Kia Telluride SX Prestige

2023 Kia Telluride

Via Motor1

Specifications

  • MSRP: $52,185 USD /  $72,231 CAD
  • Engine: 3.8-litre V6
  • Power / Torque: 291 hp /  262 lb-ft
  • Transmission: AWD
  • 0-60 mph: 7.2 seconds
  • Fuel Economy: 18 MPG (City) / 24 MPG (Highway)
  • Basic Warranty: 5 years /  60,000 miles (100,000 km)

Our Take

The Kia Telluride is one of the best mid-size 3-ros SUVs and has been a recipient of several awards since it debuted for the 202 model year. In a tightly competitive space, the Telluride stands out with an upmarket cabin, comfortable seating, extensive standard tech and an easy-to-use infotainment system. The SX Prestige trim adds perks like a 12.3-inch Dual Panoramic display, interior mood lighting and Nappa leather seat trim.

FORD F-150 Platinum

2023 Ford F150 Limited

Via Double Clutch

Specifications

  • MSRP: $66,560 USD /  $92,129 CAD
  • Engine: 5.0-litre V8
  • Power / Torque: 400 hp /  410 lb-ft
  • Transmission: AWD
  • 0-60 mph: 7.9 seconds
  • Fuel Economy: 17 MPG (City) /  25 MPG (Highway)
  • Basic Warranty: 3 years /  36,000 miles (60,000 km)

Our Take

In January 2023, the F-150 became America’s best-selling truck for 46 consecutive years. The hardy pickup has been able to successfully adapt to the changing times over the years, keeping it at the top of a competitive segment. The current iteration of the F-150 shines with multiple available trim levels, engine options, upscale cabin and impressive towing capacity. It’s a simple decision, really.

Porsche 718 Boxster

2023 Porsche 718 Boxster

Via Autotrader

Specifications

  • MSRP: $65,500 USD /  $90,661 CAD
  • Engine: 2.0-litre flat-4
  • Power / Torque: 300 hp /  280 lb-ft
  • Transmission: RWD
  • 0-60 mph: 4.3 seconds
  • Fuel Economy: 20 MPG (City)/  26 MPG (Highway)
  • Basic Warranty: 4 years /  50,000 miles (80,000 km)

Our Take

The Porsche 718 Boxster is an exciting entry into Porsche’s world of performance engineering. The sports car boasts an impressive cornering grip, balanced handling and the added benefit of a foldable roof. It’s not perfect – the cheap-looking interior and tiny cargo space, for instance. However, as an entry-level sports car, there are few cars better at this price point.

BMW i4 Gran Coupé

2023 BMW i4 M50 2023 Cadillac Lyriq 2023 Ford F150 Limited 2023 Genesis G80 2023 Mercedes AMG C43 2023 Volvo V60 2023 Chevrolet Corvette 2023 Ford Bronco 2023 Kia Telluride 2023 Porsche 718 Boxster

Via MotorTrend

Specifications

  • MSRP: $53,195 USD /  $73,629 CAD
  • Powertrain: Synchronous AC Motor
  • Power / Torque: 335 hp /  317 lb-ft
  • Transmission: RWD
  • 0-60 mph: 4.8 seconds
  • Fuel Economy: N/A
  • Range: 282 miles (eDrive40)
  • Basic Warranty: 4 years /  50,000 miles (80,000 km)

Our Take

The i4 is a sleek sedan with a coupe roofline and hatchback trunk, particularly useful when you need to load up cargo behind the rear seats. The sleek EV boasts a premium-quality interior, a lengthy list of standard tech and a decent range. No surprise then that the performance version of the BMW i4 was the best-selling car from BMW’s M division for 2022.