If $1,225 is all that's been holding you back from buying a new Prius, August could be your month. Toyota announced today a new expanded line-up for the 2008 Prius, and the new standard model has a low MSRP. Toyota suggests that the 2008 Prius versions sell for between $20,950 (the standard model) to $23,220 for the Touring model.

While Toyota says the total Prius average MSRP increases by $150 (0.7 percent), the low-end 2008 Prius is quite a bit cheaper ($1,225, to be exact) than the lowest-priced 2007 version.The MSRP for the 2007 Prius is $22,175 - $23,070.

You can find the 2008 Prius in dealerships in August. Toyota also announced prices for the 2008 Avalon, Yaris, RAV4, FJ Cruiser, 4Runner, Tacoma and Sienna.

[Source: Toyota, h/t Linton/Hugg]

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