Brag or Beat: Just bought a 2007 Yaris

[Rapidtransit]

I'd say you got hosed. as posted before you are getting absolutely murdered on depreciation/interest/dealer profit. Assuming dealer fees, tax and the like brought your car to ~14k, after your 1200 down you're paying approximately 12% interest on the car. You're essentially burning a payment ever year just for the interest. From my experience in selling cars, I'll use the honda accord as an example. on a 3 year lease in 2006 the value of the car was set at approximately 60% of msrp. There is no way the Yaris will retain the same kind of value. My advice to you would be to drive this car into the ground, or if at all possible, get out of this deal asap, because if you try to sell it off before you're done with payments you're going to be upside down on it for sure, if not, you're going to barely scrape a down payment together off the sale of this car when you're done paying for it.