My Grandma Bought a new Car?

Today me and my grandma were at the honda dealership and today she bought a 2011 honda accord civic 4 door for 15000. She is doing 72 month payments and her monthly payments are 399 the dealership financing manger said. I'm wondering if this is about right or crazy. Eventhough she had a credit score of 620 thats what they offered and she took it.

Well the 620 is a low credit score. But a 6 year loan is nuts. She should of gone to several dealerships. Did she try to lower the price

If she financed all $15,000 her interest rate is 25.4%. If she made a down payment, it is even more. I would say she got taken for a ride. She should immediately go to the bank, arrange to borrow enough to pay off the car in full to get out of the high debt, and then make payments to the bank at a much lower interest rate.

She got screwed 9 ways to Sunday. I'd say she overpaid at least $5,000 on the car and her interest rate is almost 30% when she should have been able to get a loan below 10%.

Bottom line is that she's paying almost $30,000 for a car that could have been bought for not much more than $10,000.

Its a done deal if that's what you are asking.