Toyota Cars Under $40,000

Limited shown in Wind Chill Pearl and in Coastal Gray Metallic with available Star Gaze® fixed panoramic roof. Prototype vehicles shown with options using visual effects.

Toyota’s quality, durability, and reliability extend to all vehicles in its lineup across different budgets. From reliable mid-size sedans to powerful trucks, there’s a car under MSRP of $40,000 that’s right for you. These Toyota cars under an MSRP of $40,000 prove that there’s a feature-packed Toyota vehicle for every budget.

XSE shown in Blue Crush Metallic with available accessory vented sport wing. Prototype shown with options.

Toyota Cars Under $40,000

Whether you’re navigating tight turns in a Corolla Hatchback, GR86, or GR Corolla, or cruise the city in comfort in a Corolla, you’re bound to find what you’re looking for in these Toyota cars under an MSRP of $40k. Each model is distinctly designed to encourage confidence on the road.

Nightshade Edition shown in Ruby Flare Pearl with available Star Gaze® fixed panoramic roof. Prototype vehicle shown with options using visual effects.

Toyota SUVs Under $40,000

Toyota SUVs under an MSRP of $40,000 offer versatile cargo spaces, potent powertrains, and comfortable rides. Whether it's the RAV4 Hybrid and Corolla Cross Hybrid with their proven Hybrid Synergy Drive® system, the premium Venza with its available Star Gaze® fixed panoramic roof, or the spacious and capable Highlander with seating capacity for up to 8, there’s a Toyota SUV for every lifestyle.

Limited AWD shown in Cutting Edge. Vehicle shown with options using visual effects.

Toyota Hybrids Under $40,000

Toyota’s hybrid vehicles are an eloquent testament to Toyota’s commitment to building quality low-emission vehicles like the Prius, 2025 Camry, and Corolla Hybrid. The  RAV4 Hybrid and Venza bring a mix of power, fuel-efficiency, and versatility, while the Sienna redefines your travel experience with its refinement and practicality, offering a slew of comfort features and seating for up to 8 people.

Discover Your Toyota Cars Under $40,000
Available Models
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
2025
Corolla
$22,175
Base MSRP
32/41
Est. MPG
  • Toyota Audio Multimedia—includes 8-in. touchscreen
  • Wireless Apple CarPlay® & Android Autoâ„¢ compatibility
  • Remote keyless entry system
Model image
2025
Corolla Hybrid
$23,625
Base MSRP
53/46
Est. MPG
  • Normal and Eco driving modes
  • Wireless Apple CarPlay® & Android Autoâ„¢ compatibility
  • Available Smart Key System with Push Button Start
Model image
2025
Corolla Cross
$24,035
Base MSRP
31/33
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
2025
Corolla Cross Hybrid
$28,395
Base MSRP
45/38
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)
Model image
2025
Corolla Hatchback
$23,630
Base MSRP
32/41
Est. MPG
  • Dynamic-Shift Continuously Variable Transmission (CVT)
  • Paddle shifters
  • 16-in. alloy wheels
  • Wireless Apple CarPlay® & Android Autoâ„¢
Model image
2025
Toyota Crown
$41,440
Base MSRP
42/41
Est. MPG
  • 2.5-liter 4-Cylinder Hybrid
  • Leather-trimmed heated and ventilated front seats
  • All-Wheel Drive (AWD)
Model image
2025
GR86
$29,950
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
2025
GR Corolla
$38,860
Base MSRP
21/28
Est. MPG
  • 6-speed iMT or 8-speed DAT
  • 1.6L turbo 3-cylinder G16E-GTS engine
  • GR-FOUR All-Wheel Drive with three power settings
Model image
2025
Highlander
$39,520
Base MSRP
22/29
Est. MPG
  • Third row with seating for up to eight
  • 8-in. Toyota Audio Multimedia with six speakers, and wireless Apple CarPlay® and Android Autoâ„¢ compatibility
  • Toyota Safety Senseâ„¢ 2.5+ (TSS 2.5+)
Model image
2025
RAV4
$28,850
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
2025
RAV4 Hybrid
$31,900
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
2025
Sienna
$39,185
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
2025
Tundra
$40,090
Base MSRP
18/23
Est. MPG
  • 18-in. styled-steel wheels
  • Aluminum-reinforced composite bed
  • 8-in. Toyota Audio Multimedia touchscreen
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
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
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 Senseâ„¢ 2.5+ (TSS 2.5+)

 

 

Shopping Tools