<prompt> Human: My car recently died and basically I need a car immediately. I just got approved to buy a 16 year old car so getting financing was difficult to begin with, unfortunately I didnt have much to put down at the moment. This is the first car Ive bought from a dealer and the first loan Ive ever taken out. The interest rate on it is 16.9 which seems ridiculously high. Is this typical? First they told me it was because Im a first time buyer so I asked about having my parents cosign and they said it wouldnt change the rate. I havent put any money down yet so Im hoping theyll go lower.Edit: Unfortunately my bank is out of state. The car is around 5000 with tax and registration and Im financing about 2700.Edit 2: You guys have been unbelievably helpful, thank you! I didnt expect so much advice. I took your advice and shopped around more, Im in a pretty tight spot living by myself in a new state and needing a car to get to work everyday. Ive been renting and Im getting tired of throwing money away on that. My credit is good but I think the problem is that its super limited. I have one of those starter credit cards with a 500 limit and I stupidly never upgraded. Thats next on my list I guess. I was able to come up with a better rate, it isnt great but its way better, 8.9 with my credit card company and waiting to hear from my bank. I got approved for more money than I was expecting so now I have more car options too now I can run from that shady dealership. Guess Im just going to have to be patient with the rental situation knowing Ill be saving money in the long run.  <response>: 16.9 interest rate, is that too much on car payments?YES 