help me im paying to much for this car how?

K

King

Rookie
Im paying $256.87 per month for 6 years and 2 months on my 2008 yaris sedan that worth $15,400 plus tax and everyting they added is $17,436.07only minus my downpayment $1,800 to tal of $15,636.07 ,i saw in my contract they finance me for $15,636.07 but the total charge for finance is $3,629.18 how did became so high if its only i got 6.85% apr? cause tha total cost im paying is $19,256.25 .im just wondering why my total charge is $3,629.18 on financing where the hell they got that number?
 
J

Jen22

Rookie
um...welcome to buying a brand new car! That's a cheap payment my friend! It all depends on your credit. When I bought my 2005 Honda Civic EX for almost 18,000 plus tax and a 10% financing crap...my payments were $330/month. Your credit is what determines the rate you get financed at, and if they were having a special when you got the car. It sounds like your payment are good payments to me.
 
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