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Top 5 Cheapest Toyota Cars You Can Buy Today in 2024

If you're on the hunt for the best affordable ride from a trusted brand you're probably asking yourself "what is the cheapest Toyota?" Toyota has been synonymous with reliability efficiency and affordability making it a go-to choice for budget-conscious buyers. In this article we'll break down the five cheapest Toyota models available in 2024 along with their pros cons and a little humor sprinkled in to keep things light! You'll also get insights straight from the owner of Avenue Motors car dealership Alex Collantes so let's hit the road.

Why Choose Toyota?

Toyota isn’t just a brand it’s a legacy of trust and reliability. Whether you're a student a young professional or someone who just wants a no-fuss daily driver Toyota has something for you. Plus with low maintenance costs and great resale value Toyotas are kind to your wallet both today and down the line. But let's get to the good stuff: the cars.

1. Toyota Yaris – The Little Giant of Savings

Overview

The Toyota Yaris often tops the list when asking "what is the cheapest Toyota?" This subcompact car might be small but it packs a punch with features that matter like great fuel efficiency and a surprisingly roomy interior.

Pros

  • Affordability: One of the most budget-friendly Toyotas out there.
  • Fuel Efficiency: Around 40 mpg on the highway means fewer gas station visits.
  • Compact Size: Easy to park even in the tightest city spots.

Cons

  • Lackluster Acceleration: Don’t expect to win any drag races.
  • Basic Interior: It’s no luxury lounge inside just the basics.

Quote from Alex Collantes: “The Yaris is perfect for those who want a no-frills car that gets the job done. It’s like that friend who always shows up on time but never brings snacks.”

Potential Drawbacks

If you’re looking for a car that can comfortably fit your entire friend group the Yaris might not be it. Sure it's great on gas but the engine sometimes feels like it's powered by hamsters especially when merging on the highway. But hey if you’re saving money who cares about a little slow start?

2. Toyota Corolla – The Reliable Old Friend

Overview

The Toyota Corolla has been around since dinosaurs roamed the Earth or at least that's what it feels like. This compact car is a best-seller worldwide thanks to its balance of price comfort and features.

Pros

  • Great Reliability: It’s the car that just keeps going and going.
  • Affordable Maintenance: Cheap parts and easy fixes.
  • Decent Tech Features: Apple CarPlay and Android Auto available.

Cons

  • Bland Styling: It’s like the plain bagel of cars.
  • Not Very Sporty: The handling is more “Sunday drive” than “Fast and Furious”.

Potential Drawbacks

While the Corolla won't wow you with sports car handling it won't send you to the shop every month either. Its performance is steady but not thrilling sort of like your uncle who does the same dad joke every family BBQ. The trunk space? It’s fine until you go overboard at Costco.

3. Toyota Prius C – The Budget-Friendly Hybrid

Overview

The Toyota Prius C is the wallet-friendly member of the Prius family. It's compact hybrid that doesn’t break the bank making it a fantastic choice if you want to save at the pump without paying the premium hybrid price.

Pros

  • Hybrid Efficiency: Excellent fuel economy over 50 mpg.
  • Eco-Friendly: Low emissions help save the planet a little each day.
  • Low Running Costs: Toyota’s reliable hybrid system keeps costs down.

Cons

  • Limited Power: Feels like you’re driving with a governor on the engine.
  • Basic Interior Design: The inside could use a glow-up.

Potential Drawbacks

While it’s great to tell your friends you’re driving a hybrid don’t expect them to be impressed by the Prius C’s acceleration. It’s more tortoise than hare but hey that just means you’ll win the slow and steady race of life. Just be prepared for people to ask you what “C” stands for because nobody really knows.

4. Toyota C-HR – The Quirky Compact SUV

Overview

The Toyota C-HR is Toyota’s playful take on a subcompact SUV. Its unique styling sets it apart from the crowd and it’s priced reasonably enough to be on this list. If you want something that stands out without shelling out big bucks the C-HR might be your ticket.

Pros

  • Unique Styling: This car looks like no other on the road.
  • Good Safety Features: Toyota Safety Sense comes standard.
  • High Ride Height: Feel like a giant without breaking the budget.

Cons

  • Tiny Back Seat: Hope your friends have short legs.
  • Sluggish Acceleration: Think tortoise not hare.

Potential Drawbacks

Driving the C-HR is like dating someone with a “unique personality” sure it’s fun but sometimes you question your choices. Its quirky looks might appeal to some but under the hood it’s all standard fare. Plus getting in and out of those back seats? You might need to take up yoga.

5. Toyota Aygo – The City Slicker

Overview

The Toyota Aygo is the perfect little urban warrior. Tiny and nimble this car is designed to dart around crowded city streets with ease. It’s one of Toyota’s most budget-friendly models especially popular in Europe and slowly making its way into the hearts of city drivers everywhere.

Pros

  • Compact Size: Fits anywhere even if that spot looks impossibly small.
  • Fuel Efficient: Keeps your fuel bills to the absolute minimum.
  • Easy to Drive: Maneuvering through traffic is a breeze.

Cons

  • Not Great for Road Trips: Tiny car equals tiny cargo space.
  • Limited Power: A lawnmower could probably outrun it.

Potential Drawbacks

The Aygo is fun in a “shopping cart at 2 am” kind of way but if you’re planning on doing any long drives you’ll find it quickly runs out of steam. You won’t win any races but hey you’ll always find parking. Just be ready for your passengers to ask “Are we there yet?” before you even leave your driveway.

Choosing the Right Toyota for You

Things to Consider

  • Budget: All of these Toyotas are budget-friendly but prices vary.
  • Usage: City driving? Go for something compact like the Aygo. Need a bit more space? Maybe the C-HR is calling your name.
  • Features: How much tech do you really need? Some of these models come with all the bells and whistles others are more stripped-down.

Final Thoughts

Buying a car is all about finding the right balance between price features and your own personal taste. When it comes to "what is the cheapest Toyota" it’s clear that Toyota has a range of affordable options that don’t skimp on quality or reliability. Whether you're going for the no-nonsense Yaris or the eco-friendly Prius C there’s a budget Toyota out there for you.

Alex Collantes sums it up best “You really can’t go wrong with any of these models. They’re cheap but in a good way. The kind of cheap where you feel like you’re winning.”

For more on reliable and affordable Toyotas check out this link.

Frequently Asked Questions

Is the Toyota Yaris a Good Buy?

Yes especially if you're looking for something cheap reliable and easy to maintain. Just don’t expect a sports car.

Can the Toyota Aygo Handle Long Drives?

Technically yes but would you want to? Not really unless you’re okay with frequent stops and limited luggage space.

Which Toyota Has the Best Fuel Economy?

The Prius C takes the cake here with over 50 mpg. It’s the car that keeps your fuel gauge above empty longer than you’d think.


There you have it folks. Cheap Toyotas that don’t feel like you’re scraping the bottom of the barrel. Whether it’s the quirky C-HR or the “I’m saving the world one mile at a time” Prius C Toyota has a little something for everyone. Happy car hunting!