Anonymous
Anonymous asked in Business & FinancePersonal Finance · 2 months ago

2018 Dodge Grand Caravan 45, 000 miles price is $18,000?

Dodge Grand Caravan minivan. Is this vehicle priced high, low or middle. The payments are $370 per month for 75 months. Is this a good auto deal or should we say no and look elsewhere. Interest rate is 9.53% Need your advice, we are needing a good dependable vehicle.Thank you.

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  • 2 months ago
    Favorite Answer

    Depends on the quality of the van ... but 9.53% is too high, and too expensive re: the term of 6 years, 3 months. Go talk to a credit union.

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  • 2 months ago

    75 x $370 = $27,750.

    No, I do not think it's a good deal to pay $27,750 for an $18,000 car that will only decrease in value.  

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  • shroud
    Lv 7
    2 months ago

    you would be paying over $9000 just in interest, more depending on your down payment 

    that's a bad deal

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  • Anonymous
    2 months ago

    75 months is insane. And the rate should be closer to 3%.

    I dont know its value but if they are hosing you on the rate, the car is probably jaked up too.

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  • audrey
    Lv 7
    2 months ago

    Are you insane? That will be a piece of junk way before a 75 month loan is paid off.

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  • 2 months ago

    You are considering taking a 75 month loan?  At 9.53%? Are you doing any down payment?

    So you have horrible credit and this is the best terms that you can get = of course, the price is going to suck too.

    There are many dependable vehicles that are significantly less costly than this one.

    Your choice is:

    - Option 1:  purchase this car, continue to make horrible financial decisions, and always be at the mercy of car sales people, landlords, etc who can screw you because you have no other options.

    - Option 2:  purchase a car that you can afford for cash (work extra jobs until you have cash) and stop digging your hole deeper. 

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