SUVs can cost big bucks. Some consumers tend to search for the most affordable and practical models. On the other hand, some auto enthusiasts enjoy learning about every spec and detail of SUVs designed for society’s elite. Expensive SUVs from brands like Mercedes-Benz and Bentley can be innovative and awe-worthy. SUVs from brands like Lamborghini and Ferrari can be downright inspirational. What’s the most expensive SUV for 2023?

Ferrari makes the most expensive SUV for 2023

Ferrari is responsible for some of the most impactful luxury sports cars of this decade. The Italian automaker is a staple in both the racing and sports car spaces. The brand decided to expand its reach even further by competing in the SUV segment. The new Ferrari Purosangue is a clear answer to Lamborghini’s popular Urus model.

Ferrari’s new SUV is impressive, and its price tag will keep it exclusive. In fact, it costs over $100K more than a Lamborghini Urus (which is already pretty pricey). The models are being compared because of the prestige of Lamborghini and Ferrari, but Ferrari’s SUV is in an entirely different price range.

U.S. News & World Report lists the 2024 Ferrari Purosangue as the most expensive SUV for 2023. The publication claims that the SUV has a starting price of $402,050. That’s more than the average cost of a single-family home in some southern states.

The Italian automaker’s newest SUV model is undoubtedly pricey, but does it provide value for the money? Why are some consumers willing to pay over $400K for a Ferrari SUV?

What’s so great about the Ferrari SUV?

The Purosangue, which literally translates to “pureblood”, but means thoroughbred in Italian, is historic for more reasons than one. Aside from being the first SUV that the brand has produced in over 100 years, its specs are also groundbreaking. This Prancing Horse model can run like the wind despite its practical build (compared to other Ferrari models).

The Italian automaker draws inspiration from other performance SUVs and puts its own unique twist on a rapidly growing niche that’s getting plenty of attention. The Urus was so impactful because it was one of the first sport SUV models from an automaker of Lamborghini’s pedigree. The Purosangue is Ferrari’s way of throwing down the gauntlet and challenging everything consumers thought they knew about SUVs.

What engine does the 2024 Ferrari Purosangue use?

The Ferrari Purosangue uses a 6.5-liter V12 engine to make a whopping 715 horsepower and 528 lb-ft of torque. Its power output is extraordinary for an SUV. According to Ferrari, the SUV can go from 0-60 miles per hour in about 3.3 seconds. It can go from 0-125 miles per hour in 10.2 seconds.

The mean machine from Maranello is the most expensive SUV by a long shot, and some automotive enthusiasts believe that its price is justified. This automotive journalist won’t be getting one, but the Purosangue’s impact on the industry is tough to deny.