<prompt> Human: Need some advice. My brother really wants a wrx but has horrible credit. 16,000 car. He has 7,000 to put down. They offered him a 22 Loan with 350 payment. This doesnt sound right and I told him to walk away. The loan officer told him to make 2 payments. 1 on the 15 th of the month for 175 PAID towards principle. 1 on due date 175 towards interest. Does this sound right? any advice? Thanks PFEdit. We live in California  <response>: 22 interest rate is insane, indeed. Your brother would do best to buy a second-hand car with money only from his savings. So say, a 5000 car or so. He should continue to save money and he should also try to improve his credit score check out the FAQ on that22 interest rate is just way, way too much, and he really shouldnt want that. 