buying

peace

I was offered the following deal for purchase a 2019 rav4 AWD: 3,164 toward a new vehicle, zero cash out of pocket, interest rate of 5.15%, with my 2011 rav4 trade in,,,is this a good deal?

Michaell

peace said:

I was offered the following deal for purchase a 2019 rav4 AWD: 3,164 toward a new vehicle, zero cash out of pocket, interest rate of 5.15%, with my 2011 rav4 trade in,,,is this a good deal?

MSRP?
Selling price?

There is no supported APR for the RAV4, but I do see $1250 rebates available if you take the "standard" finance rate. Don't know what that is, however.

Do you know what bank this offer is through?

Is the $3164 the equity in your current car? You should take it to CarMax and see what they offer you.