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The Toyota RAV4 is very popular with Aussie buyers right now. Here's everything you need to know about this stylish, compact SUV, as well as how to get a Toyota RAV4 car loan.
Toyota produces four versions of the RAV4 for the Australian market. The trim grades are GX, GXL, Cruiser and Edge. There are a few different engine and transmission combinations.
Engine | Transmission | Grades available on |
---|---|---|
2.0-litre petrol | Six-speed manual or Auto CVT |
|
2.5-litre petrol | Eight-speed automatic |
|
2.5-litre hybrid | Automatic CVT |
|
The starting drive-away price for a GX 2WD entry model is $37,105, in NSW postcode 2000.
RAV4 is short for Recreational Activity Vehicle (with 4WD). In Japan, Toyota markets the RAV4 as ラヴフォー, or Ravufō, which roughly translates to English as "Love Four".
Toyota's drive-away price for the entry-level GX RAV4 starts at $37,105 when built as a 2WD with the 2.0-litre petrol engine and manual gearbox. For a 2WD hybrid RAV4, Toyota asks a drive-away cost of $41,776. You can only have the hybrid with an automatic CVT. An AWD hybrid GX is also on sale from $44,866.
Here are some of the standout features of the GX RAV4:
Safety features include the following:
Upgrading to the GXL will mean you need to spend from $42,133. A hybrid 2.5-litre 2WD is priced from $44,708, while an AWD hybrid has a price of $47,808.
In addition to the GX spec, you also benefit from the following:
Safety extras include the following:
You'll find the Cruiser starts at a drive-away cost of $45,738. You can think of this model as the top of the line "ordinary" RAV4. An AWD Hybrid Cruiser with an automatic CVT transmission costs $51,483 driveaway.
Adding to the GXL spec, you'll also receive the following:
Safety-wise, you also unlock the following:
The Edge ups the RAV4's off-road capabilities, making it a more adventure-ready SUV. There's no hybrid option, though the 2.0-litre petrol is substituted with a larger 2.5-litre petrol. Underscoring its rough terrain inclination is an AWD and 8-speed automatic transmission. The drive-away cost of an Edge RAV4 starts from $53,478.
Improving on the GXL spec RAV4 models, the Edge also benefits from the following:
Additional safety assists include the following:
A panoramic tilt and slide moonroof is optionally available.
Here are the major selling points of the RAV4:
Here's what to look for in a car loan offer:
The more criteria a prospective loan meets, the better the deal you're getting.
Car finance can look confusing and there are several different ways of funding your purchase.
Here, we will concentrate on two different types of car loans: secured and unsecured.
Because a secured car loan takes the vehicle you purchase as a registered piece of collateral, the interest rates tend to be more favourable. That's because to a lender, the entry they lodge with the Personal Property Security Register (PPSR) helps reduce the risk to them since they can recover the vehicle if you stop repaying the car loan.
Consequently, they offer lower interest rates and typically accept loans of higher values. Secured loans also come with some downsides:
An alternative to a secured car loan is an unsecured loan. No security is taken on the loan, so there are fewer restrictions placed on the type and age of vehicle you buy. You're also able to spend money on associated or miscellaneous costs on your car purchase.
There are downsides though. Without the collateral on the loan, the finance company is taking on greater risk. As a result, they increase interest rates, which means you'll pay more throughout an unsecured car loan agreement vs an identical secured alternative. There's also more exacting application criteria and you won't be able to borrow as much.
When calculating your budget, don't forget to include things like monthly fees, application/processing charges and the rate of interest. This will give you the true cost of your car loan.
Using our tool couldn't be simpler. Decide how much you need to borrow, set the length of time you wish to repay the loan over and smash that calculate button.
If you can't afford the monthly repayments, try extending out the loan term. This helps spread out the cost and can reduce your outgoings on a month-to-month basis massively. However, you will pay out more in interest, so bear that in mind.
Car loan jargon and terms got your head spinning? Read our simple guide to car loans. You'll learn about the different types of car finance, learn how to speak the terminology and understand the application process.
Picture: Supplied
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