In an all terrain vehicle, an engine unit is at least partially disposed under a seat. An exhaust pipe includes a first portion, a second portion and a third portion. The first portion is connected to a rear surface of the engine unit, and extends rearward therefrom. The second portion is connected to the first portion, and has a U-shaped configuration. The third portion is connected to the second portion, and extends forward therefrom. A muffler is connected to the exhaust pipe. The muffler is arranged such that the first portion and the third portion at least partially overlap with an area located between two tangent lines of the muffler. The tangent lines of the muffler are perpendicular or substantially perpendicular to a tangent line shared by the first portion and the third portion.