4WD 2023 Toyota Tundra Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/Holdback

The 2022 Tundra is Toyota's full-size, half-ton pickup truck. The Tundra is a capable truck that can tow and haul heavy loads, thanks to its standard twin-turbocharged V6 engine. This truck also has a comfortable, roomy cabin with a lot of standard features. This latest version of the Tundra also has more modern technology than ever before. This includes tech for convenience, entertainment and safety.

What’s New for 2022?

The Tundra received a major update in 2022 that covers nearly every aspect of the vehicle. The appearance has been completely revamped. There are major changes to the frame, suspension system and transmission. The steering system has been redesigned. One of the biggest new additions for the 2022 model year is the optional hybrid powertrain.

Styles and Configurations

The 2022 Toyota Tundra is available in two different cab styles. There are also two available cargo-box lengths. Both cab styles can accommodate five or six people, though sticking to four or less will keep everyone more comfortable. Six can be squeezed in if both the front and rear rows have a 3-person bench seat. The Tundra is available in 4X2 and 4X4 variations.

The Tundra can be had in either a Double Cab or Crew Max configuration. The Crew Max has substantially more legroom for the rear passengers. The rear doors are also larger, making it easier to get in and out of the truck. Toyota gives buyers the option of a 5.5-foot or 6.5-foot bed length, depending partly on the trim level they choose.

Performance and Fuel Economy

The stock powertrain for the Tundra uses an i-Force 3.5-liter V6 engine with twin turbochargers. It has 24-valve, DOHC cylinder heads with Dual Variable Valve Timing. The engine produces 348 horsepower and 405 pound-feet of torque. The SR5 trim gets a tuned-up version of this engine that makes 389 horsepower and 479 pound-feet of torque.

The available hybrid powertrain takes the base engine and pairs it with an electric motor. This setup has the most power of all. It cranks out an impressive 437 horsepower with 583 pound-feet of torque. The regular gasoline engines have a fuel-economy rating of 18 mpg (miles-per-gallon) in the city and 24 mpg on the highway, provided that the Tundra has 2-wheel drive. The all-wheel drive models will lose about 1 mpg in both categories.

Hybrid models of the Tundra have a combined fuel-economy rating of 22 mpg. All models of the Tundra have a 10-speed automatic transmission. With the right setup, this truck can tow over 12,000 pounds. It has a maximum payload capacity of 2,290 pounds.

Driving Impressions

The latest Tundra handles curves better than ever. Toyota clearly has made improved handling a priority for this generation of the Tundra. Acceleration is amazing with any available powertrain. The overall ride quality is quite refined for a pickup truck. The steering is a bit looser than some other trucks in this category. The Tundra's off-road performance is fantastic, especially when driving a TRD Pro model.

Exterior Features

For the exterior, the base model of the Tundra gets a set of 18-inch steel wheels. Higher trim levels will get 18-inch, 20-inch or 22-inch alloy wheels in a variety of styles and colors. The Tundra has premium LED headlights and taillights. There are also LED daytime running lights to increase the truck's visibility for other drivers.

Rain-sensing, variable intermittent wipers are available. Heated exterior mirrors make it easy to defrost them during those cold winter months. The off-road-themed TRD Pro gets some mud flaps and some under-body protection.

Interior Features

On the inside of the Tundra, the base model has a basic infotainment system with an 8-inch display. This trim has an AM/FM stereo, six speakers and wireless compatibility with Apple CarPlay and Android Auto. The system is also compatible with SiriusXM, and Toyota offers a three-month free trial for new buyers.

Moving up to higher trim levels gets the buyer a 14-inch touchscreen display. Upgraded audio systems are available with either nine speakers or even 12 premium JBL speakers. This includes a subwoofer for powerful, thumping bass sounds. The top-tier audio system also includes an amplifier for amazing volume.

There are available 8-way and 10-way power seats for the driver and front passenger. Toyota also offers cloth, leather and semi-aniline leather upholstery. The TRD Pro gets a Multi-Terrain Monitor to make slow off-road driving and rock crawling a lot easier.

Safety Features

Every model of the latest Tundra has Toyota's Safety Sense 2.0 System. This set of features includes a Pre-Collision System with Pedestrian Detection. It also comes with a Lane-Departure Warning and Steering Assist. The Road-Sign Assist uses advanced sensors and technology to scan and identify signs.

All models of the Tundra have Stability Control and Traction Control for a safer ride in almost any situation. Toyota's Star Safety System provides a Vehicle Locator, Emergency Assistance and Automatic Collision Notification.

The 2022 Toyota Tundra is a strong entry in the crowded field of full-sized pickup trucks. It has one of the nicest, most comfortable interiors in its class. There's a lot of standard, modern technology here. Performance is strong with any of the available engines, and the capabilities of this truck are impressive. For anyone looking for an off-road machine, it's hard to do much better than the Tundra TRD Pro.

Note: All Toyota Tundra 4WD MSRP, invoice and dealer cost dollar figures above 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.