2024 Toyota Tundra Base MSRP vs. Real-World Price: What’s the True Cost?
There’s a lot to love about the redesigned Toyota Tundra, including its base MSRP. You’ll only need about $40,000 to buy one of these trucks, but will it have everything you need? Let’s go over what’s included in the Toyota Tundra SR, plus some options that most drivers won’t want to pass up.
A closer look at the 2024 Toyota Tundra SR
The Toyota Tundra SR comes with a 348-hp twin-turbo V6 that’s paired with a 10-speed automatic transmission as well as front-wheel-drive. As of its 2022 redesign, the Tundra now has a well-behaved coil-spring rear suspension.
The Toyota Tundra’s default cab/bed configuration consists of a double cab with a 6.5-ft bed. That cab can also be optioned with an 8.1-ft bed. The CrewMax is the bigger cab option, but its cargo box is marginally shorter at 5.5 ft.
Regardless of the configuration, every Toyota Tundra SR can tow 8,300 lbs. The cargo bed is made of a composite material that’s practically impervious to corrosion. Both cabs have seating for up to five people, but the crew cab has the most comfortable rear-row seating.
Inside every cab, you’ll find seats clad in black fabric and push-button start. At the center is an 8-inch touchscreen which has both smartphone integration and Bluetooth. You can also enjoy standard navigation, several USB ports, and a generous selection of advanced driver’s assistance systems.
Our must-have features for the Toyota Tundra
Because most buyers use their trucks for towing, the optional hitch receiver is almost essential. It’s available for the base trim through the SR Tow Package, which costs $555. If you live in a climate that sees a lot of snow in the winter, you might want to add all-wheel drive for $3,000.
The Toyota Tundra SR also has a lot of accessories to offer. In particular, we think the all-weather floor liner package ($179) and console safe ($395) are worth the extra money. The safe guarantees that you’ll always have a good place to store valuables, while the floor mats will keep your truck cleaner. You might also benefit from the heavy-duty Overland roof rack if you like to travel with outdoorsy gear.
Running boards, which can be had for as low as $710, will make the Tundra’s step-in height less of a chore. We also appreciate the Bed Utility package, which features integrated cargo boxes inside the bed. It costs $1,019 and also includes a bed step.
However, even with the tow package, the Toyota Tundra SR’s towing capacity is far below the maximum. To tow 12,000 lbs, you’ll need the Toyota Tundra SR5. This trim comes with an optimized version of the twin-turbo V6 that makes 389 hp. You also need the standard cab/bed configuration, as well as RWD, to unlock this pickup’s highest towing capacity.
The Toyota Tundra SR5 also has a plethora of packages to choose from, containing everything from cosmetic changes to substantial off-roading upgrades. To enhance the SR5’s interior quality, we’d get the Premium package with Softex-trimmed seats and a leather steering wheel. This bundle also includes dual-zone automatic climate control and additional ADAS features for a total cost of $3,850.
Off-roading packages start at about $5,000 and include either 18-inch or 20-inch wheels, skid plates, and an off-roading suspension with Bilstein shocks. The TRD Off-Road Premium package has a good mix of both upscale features and capability for $8,520.
Here’s how much you can expect for the 2024 Toyota Tundra’s price
Even with the tow package, AWD, and various ordering fees from Toyota, a Tundra SR costs $45,370. Adding in all of the accessories we discussed, you’ll pay $49,293. To get the most out of your Toyota Tundra, you’ll probably spend anywhere between $45,000-$60,000. Sure, you can get away with skipping the upgrades, but we expect that most drivers will be tempted to do otherwise.