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 (21)
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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
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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
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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)
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2024
Corolla
$22,050
Base MSRP
32/41
Est. MPG
  • Automatic climate control
  • Toyota Audio Multimedia—includes 8-in. touchscreen
  • Remote keyless entry system
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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
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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
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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)
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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
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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
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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
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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
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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)
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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
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2024
Tundra
$39,965
Base MSRP
18/23
Est. MPG
  • 18-in. styled-steel wheels
  • Aluminum-reinforced composite bed
  • 8-in. Toyota Audio Multimedia touchscreen
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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+)
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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)