Hello PFC, let me lay out what I have on offer.

I'm in Toronto, Ontario specifically.

Currently I am leasing a 2022 Toyota RAV4 LE for 495$/month @ 5.69% interest.
I have about 18 months till the end of the lease, May 2026.
After which point the remaining value will be 17,721$, taxes and interest excluded if I want to purchase/finance.
The lease includes 3 years service and 3 years tire warranty.

I know leasing is bad, but at the time I opted for a lease because I was considering moving to the US after getting my citizenship. However, now I intend to stay here, so owning a car is what I'm looking for.

Today I got a call from the dealership, I met with the sales guy and below is what he's offering me:

They valued my current car at 29,945$, I have about 28k km on it, with 2 accidents totalling about 2,300$.

The salesman gave me the "estimate" deal below:
A 2024 Toyota RAV4 LE with 497$/month @ 5.19% interest for 7 years.
The above deal includes ~3k$ down payment factored in from the price of my current car.

What I'll actually be getting is a 2025 Toyota RAV4 LE, however the salesman said that they don't have an actual price for the 2025 yet, he thinks it'll be a few hundred dollars more.
I would need to give them a 1k$ deposit now, for them to order the 2025 car for me.
He said that I can back out of the bill of sale if the 2025 price is too high, or if the new interest rate, after BoC change, is not to my liking.

So my questions:

1. Does this deal make sense? Assuming the 2025 price doesn't go up by too much.
2. Is my current car being undervalued?
3. Should I get a 3 year or more service agreement?
4. How much does maintenance for a car like this cost/year?
5. Should I do maintenance at the dealership or someone else?

I don't know much about car repair/maintenance so I can't tell if I'm being ripped off if I go to a mechanic. I assume that the dealership is ripping me off but at a "reasonable" amount.

I could probably pay the new car off in full, but that would burn my emergency fund, but I do intend on making additional payments and/or making a few grand down payment to cut back on the interest.

If you have any questions please ask and I'll try to answer.

Thank you!