Am I getting screwed over?

.

run from that sale as fast as you can

oklatom

They are wanting $18,225 for a 9 year old vehicle. Turn them down and keep looking.

Rick B

Quit talking in terms of payments. HOW MUCH IS THE SALE PRICE? Then, what are the terms. I would never finance a 9 year old car. That is crazy. What is the blue book value? How manmiles are on it? Is it form up north where it is likely to be rusted underneath? Yes, $18,000 is WAYYYYYYY TOO MUCH for a 9 year old car. Surely you did the math? Your total payments are 16,225, plus the $2,000 they want down. Assuming it is in great shape with low mileage and no damage, I MIGHT offer them the $2,000 cash that you were gang to put down, plays a couple hundred dollars for tax and title.

RICK

What model A 2010 Lexus es 350 blue book value is $12,500, other models may be higher or lower

real estate guy

What is the price of the car? The car is only worth 13,000 per kelly bluebook, and this is it's in great shape and low mileage. What interest rate are you paying? 55 months is a very long term loan. For used cars, I would never let me kid go longer then 24 months (used) and 48 (new).

Eva

Do you really want to be paying on a 9 yr. old car for more than 4 1/2 years? Search the car online to see what other listing prices are. Unless this car is near perfect, with low mileage, I'd pass. You might want to check it out on Carfax.

AlCapone

Multiply $295 by 55 months, and then add the $2000 down payment. That's how much you are paying for this car. The fact that you know so little about buying a car means you are at risk of making a huge mistake that you can't reverse. Knowing as little as you do, I suggest you go to a reputable fixed-price dealer such as Carmax where you'll get a fair deal, a warranty, and a return policy that you won't get at other dealers. You might be able to get the same car a little cheaper somewhere else, but you'll also be taking a bigger risk.

hotstuffktr

Hit a mortage calculator website, and edmunds.com to see what the car is worth. Compare the two values.

Judy

big time

arther

Your signing up to a loan that you will still be paying off long after the car is gone. Broken down eating your money . Don't do it you will regret it. Offer them $2500 cash for the car. You don't buy a 10 year old car on hock when it needs repairs which it will you wont have the money to do them.

fire4511

Several questions need to be answered. One is the condition and mileage of the vehicle The second is the selling price The third thing that is unanswered is the interest rate on the loan. How is your credit? Check with your bank or credit union to see what type of financing they offer and what you can qualify for. Depending on the mileage and condition that vehicle would be worth no more than $10,000 at a dealer wholesale auction Based on your figures, it appears you are paying in the $14000 range for that vehicle, and are paying in the 14% APR in interest Never buy a car based on down payment and monthly payments. Negotiate the price (after having the vehicle checked by your own qualified mechanic, and then look at finance options

pearlmar: Check the Kelly Blue Book https

Check the Kelly Blue Book https://www.kbb.com/lexus/es/2010/es-350-sedan-4d/options/?vehicleid=261950&intent=buy-used&category=sedan&modalview=false