Toyota Cars Under $40,000

These cars under $40,000 boast incredible EPA-estimated mileage ratings, interior specs and exterior style while staying on budget. Find your perfect car today with many models to choose from and configurations that have something for everyone — all under $40,000 MSRP.

Toyota Cars Under $40,000
Available Models (22)
Model image
2024
4Runner
$40,705
Base MSRP
16/19
est. mpg
  • Smart Key System with Push Button Start
  • Toyota Safety Sense™ P (TSS-P)
  • Apple CarPlay® & Android Auto™ compatible
Model image
2024
Camry
$26,420
Base MSRP
28/39
Est. MPG
  • Audio — 7-in. touchscreen with six speakers
  • 17-in. alloy wheels
  • Dual zone automatic climate control
Model image
2024
Camry Hybrid
$28,855
Base MSRP
51/53
Est. MPG
  • Dual zone automatic climate control
  • Smart Key System with Push Button Start
  • 4-mode switch (EV, Eco, Normal, Sport)
Model image
2024
Corolla
$22,050
Base MSRP
32/41
Est. MPG
  • Automatic climate control
  • Toyota Audio Multimedia—includes 8-in. touchscreen
  • Remote keyless entry system
Model image
2024
Corolla Cross
$23,860
Base MSRP
31/33
manufacturer-est. MPG
  • LED projector low- and high-beam headlights with Automatic High Beams (AHB)
  • Rear-seat vents
  • Audio with 8-in. touchscreen and six speakers
Model image
2024
Corolla Cross Hybrid
$28,220
Base MSRP
45/38
manufacturer-est. MPG
  • Sport styling with sport front grille, front/rear bumpers, and smoked front Toyota emblem with all-black badging including AWD badge
  • Matte-black heated power outside mirrors
  • 4.2-in. Multi-Information Display (MID) screen
Model image
2024
Corolla Hatchback
$23,505
Base MSRP
32/41
Est. MPG
  • Dynamic-Shift Continuously Variable Transmission (CVT)
  • Paddle shifters
  • 16-in. alloy wheels
  • LED headlights and LED Daytime Running Lights (DRL)
Model image
2024
Corolla Hybrid
$23,500
Base MSRP
53/46
Est. MPG
  • Normal and Eco driving modes
  • 4.2-in. color TFT Multi-Information Display (MID)
  • Available Smart Key System with Push Button Start
Model image
2024
Toyota Crown
$40,350
Base MSRP
42/41
Est. MPG
  • 2.5-liter 4-Cylinder Hybrid
  • Electronically controlled Continuously Variable Transmission (ECVT)
  • All-Wheel Drive (AWD)
Model image
2024
GR86
$29,300
Base MSRP
20/26
Est. MPG
  • 2.4L 4-cylinder boxer engine with 228 hp and 184 lb.-ft. of torque
  • 7-in. Thin-Film Transistor (TFT) GR digital gauge cluster with LCD Multi-Information Display (MID)
  • Complimentary 1-year NASA membership, including one free High-Performance Driving Experience (HPDE)
Model image
2024
GR Corolla
$36,500
Base MSRP
21/28
Est. MPG
  • Only available in 6-speed intelligent Manual Transmission (iMT)
  • 1.6L turbo 3-cylinder G16E-GTS engine
  • GR-FOUR All-Wheel Drive with three power settings
Model image
2024
Highlander
$39,270
Base MSRP
22/29
Est. MPG
  • Third row with seating for up to eight
  • Toyota Safety Sense™ 2.5+ (TSS 2.5+)
  • ToyotaCare no cost maintenance plan for 2 years or 25,000 miles, whichever comes first
Model image
2024
Prius
$27,950
Base MSRP
57/56
Est. MPG
  • Top-mount Multi-Information Display (MID) with indicators and 7-in. LCD display
  • Blind Spot Monitor (BSM) with Rear Cross-Traffic Alert (RCTA)
  • 8.0-in. Toyota Audio Multimedia display
Model image
2024
Prius Prime
$32,975
Base MSRP
52/127
Est. MPG/MPGe
  • Top-mount Multi-Information Display (MID) with indicators and 7-in. LCD display
  • Blind Spot Monitor (BSM) with Rear Cross-Traffic Alert (RCTA)
  • 8.0-in. Toyota Audio Multimedia display
Model image
2024
RAV4
$28,675
Base MSRP
27/35
Est. MPG
  • Direct Shift 8-speed Electronically Controlled automatic Transmission
  • Available All-Wheel Drive (AWD)
  • Available Multi-Terrain Select (MTS) with MUD & SAND, ROCK & DIRT, SNOW and NORMAL modes
Model image
2024
RAV4 Hybrid
$31,725
Base MSRP
41/38
Est. MPG
  • All-Wheel Drive Integrated Management (AIM) with Multi-Information Display (MID) monitor
  • Electronically controlled Continuously Variable Transmission (ECVT) with sequential shift mode
  • 17-in. 5-spoke light gray metallic alloy wheels
Model image
2024
Sienna
$37,685
Base MSRP
36/36
Est. MPG
  • Dual power sliding doors
  • Remote keyless entry system with Push Button Start
  • Blind Spot Monitor (BSM) with Rear Cross-Traffic Alert (RCTA)
Model image
2024
Tacoma
$31,500
Base MSRP
20/26
Est. MPG
  • i-FORCE 2.4L turbocharged engine
  • Available 6-speed Manual Transmission
  • Available in Double Cab with 5-ft. bed, or XtraCab with 6-ft. bed
Model image
2024
Tundra
$39,965
Base MSRP
18/24
Est. MPG
  • 18-in. styled-steel wheels
  • Aluminum-reinforced composite bed
  • 8-in. Toyota Audio Multimedia touchscreen
Model image
2024
Venza
$35,070
Base MSRP
40/37
Est. MPG
  • Electronic On-Demand All-Wheel Drive (AWD)
  • Height-adjustable hands-free power liftgate with jam protection
  • Toyota Safety Sense 2.5+ (TSS 2.5+)
Model image
2023
GR86
$28,400
Base MSRP
20/27
Est. MPG
  • 2.4L 4-cylinder boxer engine with 228 hp and 184 lb.-ft. of torque
  • 7-in. Thin-Film Transistor (TFT) GR digital gauge cluster with LCD Multi-Information Display (MID)
  • Complimentary 1-year NASA membership, including one free High-Performance Driving Experience (HPDE)
Model image
2023
Tacoma
$28,600
Base MSRP
20/23
Est. MPG
  • Projector-beam headlights
  • Deck rail system
  • Front dual zone automatic climate control (V6 only)

Comfort and convenience on a budget

Enjoy a combination of convenience and comfort in one of these Toyota cars or SUVs under $40,000. These cars and SUVs have features like an available Smart Key System and Push Button Start, so you can get in and get going. For those chilly days, options like available heated power outside mirrors and front seats on some models will have you forgetting the cold.

Toyota Cars Under $40,000 Summary

2023 Toyota Corolla LE shown in Wind Chill Pearl, an extra cost color, with LE Convenience Package.
The trunk section of a 2023 Toyota Corolla Hatchback.
An interior view of the 2023 Toyota Corolla.
  • Enjoy peace of mind with the latest safety technology standard on these models that won’t break the bank.
  • Build a car that ticks all the boxes without going over budget with these cars under $40,000.
  • Get the features you want and need without spending extra on accessories with plenty of standard features that are sure to please.
  • Save even more on gas with available hybrid models.
  • Stay entertained with all the latest multimedia technology in these cars under $40,000.
  • Enjoy multiple models to choose from so you can compare and find your perfect car.