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
2025
Camry
$28,400
Base MSRP
53/50
Est. MPG
  • 8-in. Toyota Audio Multimedia touchscreen with six speakers
  • 16-in. 10-spoke silver-painted alloy wheels
  • Dual zone automatic climate control with air filter, humidity sensor and rear-seat vents
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