Saturday, August 23, 2014

Is my finance charge too high?

I have a 627 credit score so the lowest APR I could get was 10.99% The car I bought was used a 2012 Honda Civic EX w/ 21k miles and it was listed at $16,500. I put in $1500 down and when I saw my financing details, my amount financed was $18,849 and my finance charge was $6,975. I now have to pay $338 for 72 months. I didn't want to go through with the deal but my dad said I couldn't do much with my credit score so I went through with it. Did I get screwed in this deal?

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