The present invention relates to a suspension system for a toy vehicle. The suspension system is independent in that it comprises at least four damping mechanisms (shock absorber), each shock absorber being located proximal to each wheel location. Each shock absorber utilizes a tensioning device, such as a compressed spring, positioned between the toy vehicle chassis and a suspension arm, to provide the active damping feature of the invention. Each shock absorber also utilizes an adjustment means, such as a screw, to selectively change the distance between the suspension arm and chassis. As the screw is adjusted, so the spring is either more or less compressed, providing for a stiffer (more compressed) or a softer (less compressed) suspension. Furthermore, adjusting the screw to compress the spring causes the body of the toy vehicle to be lowered relative to the suspension arm/wheel assembly, and adjustment of the spring to decrease the spring compression causes the body of the toy vehicle to be raised relative to the suspension arm/wheel assembly.