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2015, 2016 Toyota Tundra Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/ Holdback

Price terms Used:
MSRP What is MSRP? Invoice Price What is Dealer Invoice Price? Destination Fee Whatis the Destination Fee? Holdback What is Holdback? Dealer Cost What is Dealer Cost?
Note: The Toyota Tundra price report below does not include rebates or incentives.
View Toyota Rebates and Incentives.
4X4 2016 Tundra 1794 5.7L 4X4 Crew Max 5.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$49,580
Invoice Price
$45,863
Destination Fee
$1,195
Holdback
$992
Dealer Cost
$46,066
Find the Best Price
4X4 2016 Tundra 1794 5.7L w/FFV 4X4 Crew Max 5.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$49,580
Invoice Price
$45,863
Destination Fee
$1,195
Holdback
$992
Dealer Cost
$46,066
Find the Best Price
4X4 2016 Tundra Limited 5.7L 4X4 Crew Max 5.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$43,585
Invoice Price
$40,317
Destination Fee
$1,195
Holdback
$872
Dealer Cost
$40,640
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4X4 2016 Tundra Limited 5.7L Double Cab 4X4 6.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$41,720
Invoice Price
$38,590
Destination Fee
$1,195
Holdback
$834
Dealer Cost
$38,951
Find the Best Price
4X4 2016 Tundra Limited 5.7L w/FFV 4X4 Crew Max 5.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$43,585
Invoice Price
$40,317
Destination Fee
$1,195
Holdback
$872
Dealer Cost
$40,640
Find the Best Price
4X4 2016 Tundra Limited 5.7L w/FFV Double Cab 4X4 6.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$41,720
Invoice Price
$38,590
Destination Fee
$1,195
Holdback
$834
Dealer Cost
$38,951
Find the Best Price
4X4 2016 Tundra Platinum 5.7L 4X4 Crew Max 5.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$49,580
Invoice Price
$45,863
Destination Fee
$1,195
Holdback
$992
Dealer Cost
$46,066
Find the Best Price
4X4 2016 Tundra Platinum 5.7L w/FFV 4X4 Crew Max 5.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$49,580
Invoice Price
$45,863
Destination Fee
$1,195
Holdback
$992
Dealer Cost
$46,066
Find the Best Price
4X2 2016 Tundra SR 4.6L Double Cab 4X2 6.6 ft. box 145.7 in. Wheelbase 4.6L V8 310 hp - 8 cyl. MPG: Highway: 15 / City: 19
MSRP
$29,140
Invoice Price
$26,955
Destination Fee
$1,195
Holdback
$583
Dealer Cost
$27,567
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4X4 2016 Tundra SR 4.6L Double Cab 4X4 6.6 ft. box 145.7 in. Wheelbase 4.6L V8 310 hp - 8 cyl. MPG: Highway: 14 / City: 18
MSRP
$32,190
Invoice Price
$29,776
Destination Fee
$1,195
Holdback
$644
Dealer Cost
$30,327
Find the Best Price
4X4 2016 Tundra SR 5.7L Double Cab 4X4 6.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$33,890
Invoice Price
$31,349
Destination Fee
$1,195
Holdback
$678
Dealer Cost
$31,866
Find the Best Price
4X4 2016 Tundra SR 5.7L Double Cab 4X4 Long Bed 8 ft. box 164.6 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$34,220
Invoice Price
$31,653
Destination Fee
$1,195
Holdback
$684
Dealer Cost
$32,164
Find the Best Price
4X4 2016 Tundra SR 5.7L Regular Cab 4X4 Long Bed 8 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$33,000
Invoice Price
$30,690
Destination Fee
$1,195
Holdback
$660
Dealer Cost
$31,225
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4X4 2016 Tundra SR 5.7L w/FFV Double Cab 4X4 6.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$33,890
Invoice Price
$31,349
Destination Fee
$1,195
Holdback
$678
Dealer Cost
$31,866
Find the Best Price
4X4 2016 Tundra SR 5.7L w/FFV Double Cab 4X4 Long Bed 8 ft. box 164.6 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$34,220
Invoice Price
$31,653
Destination Fee
$1,195
Holdback
$684
Dealer Cost
$32,164
Find the Best Price
4X4 2016 Tundra SR 5.7L w/FFV Regular Cab 4X4 Long Bed 8 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$33,000
Invoice Price
$30,690
Destination Fee
$1,195
Holdback
$660
Dealer Cost
$31,225
Find the Best Price
4X4 2016 Tundra SR5 4.6L 4X4 Crew Max 5.6 ft. box 145.7 in. Wheelbase 4.6L V8 310 hp - 8 cyl. MPG: Highway: 14 / City: 18
MSRP
$36,320
Invoice Price
$33,595
Destination Fee
$1,195
Holdback
$726
Dealer Cost
$34,064
Find the Best Price
4X4 2016 Tundra SR5 4.6L Double Cab 4X4 6.6 ft. box 145.7 in. Wheelbase 4.6L V8 310 hp - 8 cyl. MPG: Highway: 14 / City: 18
MSRP
$34,000
Invoice Price
$31,449
Destination Fee
$1,195
Holdback
$680
Dealer Cost
$31,964
Find the Best Price
4X4 2016 Tundra SR5 5.7L 4X4 Crew Max 5.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$38,020
Invoice Price
$35,168
Destination Fee
$1,195
Holdback
$760
Dealer Cost
$35,603
Find the Best Price
4X4 2016 Tundra SR5 5.7L Double Cab 4X4 6.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$35,700
Invoice Price
$33,022
Destination Fee
$1,195
Holdback
$714
Dealer Cost
$33,503
Find the Best Price
4X4 2016 Tundra SR5 5.7L Double Cab 4X4 Long Bed 8 ft. box 164.6 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$36,030
Invoice Price
$33,328
Destination Fee
$1,195
Holdback
$721
Dealer Cost
$33,802
Find the Best Price
4X4 2016 Tundra SR5 5.7L w/FFV 4X4 Crew Max 5.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$38,020
Invoice Price
$35,168
Destination Fee
$1,195
Holdback
$760
Dealer Cost
$35,603
Find the Best Price
4X4 2016 Tundra SR5 5.7L w/FFV Double Cab 4X4 6.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$35,700
Invoice Price
$33,022
Destination Fee
$1,195
Holdback
$714
Dealer Cost
$33,503
Find the Best Price
4X4 2016 Tundra SR5 5.7L w/FFV Double Cab 4X4 Long Bed 8 ft. box 164.6 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$36,030
Invoice Price
$33,328
Destination Fee
$1,195
Holdback
$721
Dealer Cost
$33,802
Find the Best Price
4X4 2016 Tundra TRD Pro 5.7L 4X4 Crew Max 5.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$45,560
Invoice Price
$42,140
Destination Fee
$1,195
Holdback
$911
Dealer Cost
$42,424
Find the Best Price
4X4 2016 Tundra TRD Pro 5.7L Double Cab 4X4 6.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$42,945
Invoice Price
$39,720
Destination Fee
$1,195
Holdback
$859
Dealer Cost
$40,056
Find the Best Price
4X4 2016 Tundra TRD Pro 5.7L w/FFV 4X4 Crew Max 5.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$45,560
Invoice Price
$42,140
Destination Fee
$1,195
Holdback
$911
Dealer Cost
$42,424
Find the Best Price
4X4 2016 Tundra TRD Pro 5.7L w/FFV Double Cab 4X4 6.6 ft. box 145.7 in. Wheelbase 5.7L V8 381 hp - 8 cyl. MPG: Highway: 13 / City: 17
MSRP
$42,945
Invoice Price
$39,720
Destination Fee
$1,195
Holdback
$859
Dealer Cost
$40,056
Find the Best Price
Price Tip:
To avoid overpaying on a new Toyota Tundra, price shop online first. Get up front prices before you walk into a dealership. We recommend the following free services;
These services will offer you the lowest prices and supply you with multiple competing price quotes. You will know the best price before you visit the dealer.
Toyota Price Guides:
2016 Toyota Tundra Overview:

About the 2016 Toyota Tundra

The 2016 Tundra comes standard with push-button start. It also has voice recognition and Siri Eyes Free. A rearview camera is helpful when backing up in tight areas. 

Key features

The main difference between the 2015 and 2016 Tundra versions is the upgraded Entune entertainment system. The spaciousness of the rear seating in the Crew Cab and the Double Cab versions is a popular feature of the 2016 Tundra. One drawback is the outdated looks of the interior of the cab. 

Styles and trims

There are six styles of Tundra for drivers to choose from when buying their new truck:

  • SR
  • SR5
  • Limited 
  • Platinum
  • 1794 Edition
  • TRD Pro
Each style has several trim choices like Double Cab and CrewMax options. Check the manufacturers website for more information. 

Driving impressions of the 2016 Toyota Tundra

Test drivers say that the off-road capabilities are exceptional. Reviewers preferred the 5.7 Liter V8 engine compared to the 4.6 Liter V8 engine because it was more responsive and better suited to the six-speed transmission. The handling is good on the Tundra, but the ride had much room for improvement. 

Fuel economy 

The 2016 Tundra averages 15 mpg around town. It gets about 19 mpg on the highway. A larger fuel cell or less weight could improve the fuel mileage. Reviewers felt that fuel economy was poor overall leaving the Tundra lacking for people who travel to job sites.

How to Calculate The Dealer Cost of a Toyota Tundra

Formula for Calculating Dealer Cost:

  • Example: Base Toyota Tundra invoice price + the dealer Invoice price of all the options + destination - Holdback = Total Dealer Cost.
  • What is Holdback? A hidden amount that manufacturers give back to a dealer. It is a percentage of the MSRP or the Invoice price.

Total Dealer Cost (calculated above) + Taxes / Licensing Fees - Rebate / Incentive = True Cost (You can get rebates and incentives here)

Note: All Toyota Tundra Prices above are approximate amounts. Prices are subject to change without notice.

A note about rebates: Most rebates are subtracted from the "on the road" figure. In most cases, you can have the rebate if you are arranging your own financing or you are paying cash. If you decide to use the manufacturer’s low interest financing, you do not usually get the rebate. Ask your dealer for details.

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