Which vehicle? The Tacoma or Fit?
It also looks like repeated curb scrub. (Park by touch?) The rim looks to show curb rash as well.
First thing I would do is swap the tire to the rear, to alleviate load on it. How are the other three tires? How much life do they have left? Are they on their last legs?
If the three remaining tires have useful life remaining, then I suggest checking local tire shops for a used replacement. If the remaining three tires are close to their useful limit, then I would shop for a new set of four tires.
Lastly, as Jeffer stated, you don't want to cheap out on tires.