A low cost toaster having a metal body and plastic end panels. The end panels have cooling inlet vents near their lower ends and the top wall of the metal body has air outlet vents. Ambient air admitted through the inlet vents flows upwardly through the toaster and outwardly through the outlet vents to provide a cooling effect sufficient to allow the use of inexpensive plastic material for molding the end panels. The toaster has a bread lifter made entirely from a wire rod, a bread lifter extension made entirely from a wire rod, and a toast color cam made entirely from a single piece of sheet metal.