Toyota RAV4 Monthly Installment

by Leland Morrison, on 23 November 2023

Toyota RAV4 Toyota RAV4

Jump to


The Toyota RAV4 stands as one of the most recognizable and popular compact crossovers on the global automotive market. Introduced by Toyota Motor Corporation in Japan in 1994, it quickly became famous for its blend of SUV versatility and car-like performance. The RAV4, an acronym for 'Recreational Active Vehicle with 4-wheel drive', was one of the first vehicles to pioneer the compact SUV category, combining the benefits of a sport utility vehicle with the compact dimensions and better fuel efficiency of a smaller car.

Its design caters to those seeking a practical and reliable vehicle with adequate cargo space, higher visibility, and the ability to traverse a variety of terrains. The RAV4's appeal has expanded to a wide range of customers, including families, outdoor enthusiasts, and daily commuters who appreciate its strong build quality, safety features, and value retention over time.


The evolution of the Toyota RAV4 can be observed through its numerous redesigns and model year updates. Since its introduction, it has transitioned from its more rudimentary, first-generation roots, to become a technologically advanced machine. The RAV4 has seen five generations, each building upon the success of its predecessors while integrating the latest advances in automotive technology, safety, and consumer demands.

The latest models showcase significant improvements in fuel efficiency, drive comfort, and connectivity, with the addition of hybrid and plug-in hybrid variants elevating the RAV4 to a leader in eco-conscious driving within its segment. The evolutionary journey of the RAV4 reflects Toyota's commitment to innovation while staying true to the core attributes of durability and utility that have always been a hallmark of the brand.


The Toyota RAV4 is available in a range of variants, each with its own set of features and price tag. The base model starts at R698,600, while the top-of-the-line variant is priced at R833,300. The price of a particular variant depends on its engine, transmission, and other features.

Variant Price
RAV4 2.0 GX-R CVT AWD R698,600
RAV4 2.0 GX-R CVT AWD BT R709,700
RAV4 2.0 VX CVT 2WD R712,500
RAV4 2.5 GX-R HEV E-FOUR R741,300
RAV4 2.5 GX-R HEV E-FOUR BT R752,300
RAV4 2.5 VX AT AWD R809,600
RAV4 2.5 VX HEV E-FOUR R833,300

Additional Costs to Consider:

Monthly Installment

Monthly payments for the Toyota RAV4 vary between R12,242 and R17,059

The following table provides a few example calculations using the prime interest rate + 2% (13.75%) over a period of 6 years or 72 months.

Variant Price Installment 10% deposit 10% deposit and residual
RAV4 2.0 GX-R CVT AWD R698,600 R14,302 R12,872 R12,242
RAV4 2.0 GX-R CVT AWD BT R709,700 R14,529 R13,076 R12,436
RAV4 2.0 VX CVT 2WD R712,500 R14,586 R13,128 R12,486
RAV4 2.5 GX-R HEV E-FOUR R741,300 R15,176 R13,658 R12,990
RAV4 2.5 GX-R HEV E-FOUR BT R752,300 R15,401 R13,861 R13,183
RAV4 2.5 VX AT AWD R809,600 R16,574 R14,917 R14,187
RAV4 2.5 VX HEV E-FOUR R833,300 R17,059 R15,353 R14,602

The installment goes down when a 10% deposit is provided and even further when a 10% residual is added

Factors affecting your monthly installment:

Minimum monthly salary

Banks typically recommend not spending more than 15% of your monthly salary on a car repayment. With that in mind, here is the recommended monthly salary for each variant:

Minimum Salary
Variant No deposit 10% deposit 10% deposit and residual
RAV4 2.0 GX-R CVT AWD R95,345 R85,811 R81,613
RAV4 2.0 GX-R CVT AWD BT R96,860 R87,174 R82,910
RAV4 2.0 VX CVT 2WD R97,243 R87,518 R83,237
RAV4 2.5 GX-R HEV E-FOUR R101,173 R91,056 R86,601
RAV4 2.5 GX-R HEV E-FOUR BT R102,674 R92,407 R87,886
RAV4 2.5 VX AT AWD R110,495 R99,445 R94,580
RAV4 2.5 VX HEV E-FOUR R113,729 R102,356 R97,349


The RAV4 is a compact SUV, placing it in the SUV-B category. The table below gives a comparison to other alternatives in the SUV-B segment.

Name Monthly From Monthly To Popularity
Kia Seltos R7,480 R11,505 Low
Mazda CX-5 R8,680 R15,942 Low
Nissan Qashqai R9,572 R13,729 Very Low
Ford Puma R9,607 R12,568 No Data
Hyundai Tucson R9,906 R16,703 No Data
Honda CRV R10,426 R17,174 Very Low
VW Tiguan R10,522 R17,002 Medium
Citroen C5 Aircross R10,917 R14,001 Very Low
Kia Sportage R11,001 R16,357 Low
Toyota RAV4 R12,242 R17,059 Low
Audi Q3 R12,844 R16,634 Low
BMW X1 R14,175 R18,438 Low
Hyundai Kona N R15,319 R17,379 No Data


Current popularity for the Toyota RAV4 is Low with around 32 110 searches per month.

Tips to Secure the Best Monthly Installment Deal

Securing the best monthly installment deal is crucial for managing your finances effectively. Whether you're financing a car, home, or any other purchase, a favorable installment plan can save you money and reduce financial strain. Here are some tips to help you land the best deal:

  1. Research & Compare: Investigate various lenders, comparing their rates, terms, and fees using online tools.
  2. Check Credit Score: A better score can lead to lower rates. Regularly review and work on improving it.
  3. Negotiate: Don't settle for the first offer. Be informed about market rates and available promotions.
  4. Choose Shorter Terms: Longer terms might have smaller payments but higher interest. Opt for shorter terms if possible.
  5. Consider a Deposit: A significant deposit can reduce monthly payments and possibly get a better rate.
  6. Understand the Terms: Be clear on all conditions, especially penalties for early or missed payments.
  7. Maintain Your Budget: Determine your monthly limit and stick to it. Avoid tempting deals that exceed it.
  8. Seek Pre-approval: It provides clarity on what you qualify for and aids in negotiations.

By being diligent, informed, and proactive, you can secure a monthly installment deal that aligns with your financial goals and provides peace of mind.


Grasping the significance of the Toyota RAV4's price and monthly installment options is crucial for potential buyers. The RAV4's positioning in the market as a value-packed compact SUV underscores its appeal to a broad spectrum of consumers. It embodies a harmonious blend of practicality, efficiency, and Toyota's well-known reliability. Potential buyers should recognize that a thorough understanding of pricing and finance options can result in significant long-term savings and satisfaction.

Purchasing a vehicle like the RAV4 is a substantial financial decision. Thus, it is essential for buyers to conduct exhaustive research and, if needed, consult with financial advisors. Making well-informed choices ensures alignment with personal financial circumstances and lifestyle requirements, ultimately leading to a rewarding ownership experience.