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.

Cars Under $40,000 From Toyota

Toyota Cars Under $40,000
Available Models (19)
Model image
2024
Corolla
$21,900
Base MSRP
32/41
Est. MPG
  • Automatic climate control
  • Toyota Audio Multimedia—includes 8-in. touchscreen
  • Remote keyless entry system
Model image
2024
Corolla Hybrid
$23,300
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
GR Corolla
$36,100
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
Sienna
$37,185
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
Tundra
$39,965
Base MSRP
18/24
Est. MPG
  • 18-in. styled-steel wheels
  • Aluminum-reinforced composite bed
  • 8-in. Toyota Audio Multimedia touchscreen
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2023
4Runner
$40,155
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
2023
Camry
$26,320
Base MSRP
28/39
Est. MPG
  • Audio — 7-in. touchscreen with six speakers
  • 17-in. alloy wheels
  • Dual zone automatic climate control
Model image
2023
Corolla
$21,700
Base MSRP
32/41
Est. MPG
  • Automatic climate control
  • Toyota Audio Multimedia—includes 8-in. touchscreen
  • Remote keyless entry system
Model image
2023
Prius
$27,450
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
2023
Prius Prime
$32,350
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
2023
Corolla Hatchback
$23,155
Base MSRP
32/41
Est. MPG
  • Dynamic-Shift CVT
  • Paddle shifters
  • 16-in. alloy wheels
  • LED headlights and LED Daytime Running Lights (DRL)
Model image
2023
Corolla Hybrid
$23,050
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
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
Highlander
$36,620
Base MSRP
22/29
Est. MPG
  • Third row with seating capacity of up to eight passengers
  • Toyota Safety Sense™ 2.5+ (TSS 2.5+)
  • ToyotaCare complimentary 2-year maintenance plan