Where is this happening?

 

Sorry, but that dealer is full of BS and is just trying to close the deal. A used car is a used car whether it's at the end of a lease or not. If you do the lease through Mitsu Motors Credit and then finance it at the end of the lease through Mitsu Motors Credit, they may give you a decent rate. But, it all depends on what your credit score is at the time when the lease is done and you go to sign the paperwork for the loan. But, it will be considered a used car and you'll get used car rates.

 

i know this quote was from the front page, and a zillion posts ago... but i need to tell you man if you read this--do not pay any more than required per month! it's a ZERO percent loan man! there's no interest payment. which means, if you pay any more than what you need to, you are essentially loaning money TO the dealership.

take that ~$10k you overpaid and at the very least put it in a savings account dude.... ANYTHING that gives interest! even a crapola 0.0000000001% interest account would net you more $.

(now... disclaimer... this is oversimplified. i realize there could be other things of consideration like tax stuff and personal reasons, etc....)

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And I know I'm late on this too, but to the OP, yeah, 7% interest is crazy, and the 80+ month term is super bad if you're really gonna pay the 7% for that long. All that is out the door though if you are intending to reinvest in other things that net you even more $$$. But I'm assuming that's not your intent? So, I'm with others--you can't afford this. Save your money man. Life is a balance: you need to enjoy the present moment, but at the same time, investing a certain amount allows constant enjoyment for your whole life. You need to plan it out. However, this loan is clearly not a good idea, unless you got cancer and are gonna die next year.

 

Was in louisville but they are all sold out of evos now