Toyota Cars Under $40,000

Summary

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.

  • 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.

Toyota Cars Under $40,000 Highlights

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2022
4Runner
$38,105
16/19

This under-$40,000 base model Toyota is built for action. Turn heads with standard Hill Start Assist Control (HAC) and available Downhill Assist Control.

Hybrid Available
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2022
Avalon
$36,825
22/32

Standing out with a style of its own, this base model Toyota starting MSRP under $40,000 is crafted with convenience, capability, and the latest in-car technology.

Hybrid
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2022
Avalon Hybrid
$37,850
43/44

Raise the level of efficiency and luxury while driving this base model for less than $40,000. Smart features and technology bring refinement to this Toyota.

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2022
C-HR
$24,130
27/31

Style meets rebellious spirit in this Toyota under $40,000. Take cruising to the next level with Full-Speed Range Dynamic Radar Cruise Control (DRCC).

AWD Available
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2022
Camry
$25,845
28/39

Learn about the impressive choices for this Toyota under $40,000. This smooth ride elevates your driving experience and is loaded with extras.

Hybrid
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2022
Camry Hybrid
$27,980
51/53

Make driving pure excitement with this Toyota under $40,000 MSRP while also saving at the pump.

Hybrid Available
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2022
Corolla
$20,425
31/40

The sporty design of this under $40,000 Toyota has been tested for optimal performance. Learn more about the available Sport driving mode.

First-Ever
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2022
Corolla Cross
$22,445
31/33

Feel like a million bucks in this car with an MSRP under $40,000, which features available chrome-finished side window frame molding and leather-trimmed shift knob and steering wheel.

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2022
Corolla Hatchback
$21,165
32/41

Enjoy tech and style with this Toyota under $40,000. Comes with the standard Smart Key System and available dual-zone automatic climate control.

Hybrid
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2022
Corolla Hybrid
$24,050
53/52

Explore the hybrid version of this under $40,000 Toyota. Schedule a test drive to get to know its smart interior.

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2022
GR86
$27,700
20/27

Enjoy a thrilling driving experience. Backed with Toyota's proven technology, this Toyota under $40,000 features Hill Start Assist Control (HAC) and Smart Stop Technology.

Hybrid Available
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2022
Highlander
$35,855
21/29

A premium interior offers space for up to eight in this Toyota. Learn about three-zone automatic climate control and an Advanced Airbag System.

Hybrid
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2022
Highlander Hybrid
$39,555
36/35

Expect efficiency with a 2.5-liter L4HV engine in this base trim car under $40,000. Explore available Driver Easy Speak and Android Auto™ compatibility.

Hybrid
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2022
Prius
$25,075
58/53

There is room to stretch with the smart seat design in this Toyota. Explore the modern interior and additional features like enhanced parking support.

Plug-in Hybrid
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2022
Prius Prime
$28,670
54/133

Schedule a test drive today for this car that has an MSRP of less than $40,000. Explore Toyota innovations like its aerodynamic design and available Predictive Efficient Drive, both of which help boost fuel efficiency.

Hybrid Available
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2022
RAV4
$26,975
27/35

A variety of driving modes, like NORMAL, SPORT, and ECO, let you tailor your drive. Add quality to every adventure with this new Toyota for under $40,000.

Hybrid
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2022
RAV4 Hybrid
$29,575
41/38

Power meets efficiency with this Toyota. Electronic All-Wheel Drive brings sportiness to every drive. Explore the spacious interior and loads of cargo room.

Hybrid
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2022
Sienna
$35,285
36/36

Toyota is a perfect choice for family fun in this base model under $40,000. Toyota's one and only Swagger Wagon boasts a bold look.

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2022
Tacoma
$27,150
18/22

Seek out tougher roads with this new base trim Toyota under $40,000. Explore the off-road capability and towing options for this truck that is trail-ready.

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2022
Tundra
$35,950
18/24

Every one of these legendary V8-engine All-Wheel Drive trucks are assembled in San Antonio, Texas with the classic, durable full-size truck lover in mind.

Hybrid
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2022
Venza
$33,240
40/37

Drive this car under $40,000 and experience its EPA-estimated 40/37/39 (city/hwy/comb) and Toyota Safety Sense 2.0 (TSS 2.0).