Toyota wants to save you a $20.

The Tundra offers a maximum towing capacity of 12,000 pounds.

The Tundra offers a maximum towing capacity of 12,000 pounds. (Toyota)

The starting price for the all-new 2022 Toyota Tundra pickup has been revealed at $37,645, which is $20 less than the benchmark Ford F-150 in the closest configuration.

The entry-level two-wheel-drive Tundra SR Double Cab has a 6.5-foot bed and 348 hp/405 lb-ft turbocharged V6, while an F-150 XL SuperCab’s similarly-sized engine is rated at 400 hp/500 lb-ft.

The Tundra SR5 is equipped with a 398 hp turbocharged V6.

The Tundra SR5 is equipped with a 398 hp turbocharged V6. (Toyota)

The Tundra also equals the F-150’s EPA combined fuel economy rating of 20 mpg, while higher trims starting with the SR5 get a 398 hp version of the V6.

WINNER: TOYOTA TUNDRA NAMED TRUCK OF TEXAS

Swapping to the F-150’s 325 hp/400 lb-ft 2.7-liter V6 drops the price to $36,266 and improves the fuel economy to 22 mpg.

The highest-priced Tundra that will be available when it hits showrooms in the coming weeks will be the 4x4 1794 Edition CrewMax luxury model that starts at $62,715.

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The Tundra TRD Pro off-road model will top the range when it goes on sale next year.

The Tundra TRD Pro off-road model will top the range when it goes on sale next year. (Toyota)

Toyota will be adding an optional hybrid version of the V6 next spring rated at 439 hp/583 lb-ft that’s expected to be more fuel efficient than the less powerful non-hybrid engine and will be standard on a TRD Pro off-road model that has not yet been priced.