I went to a dealer to buy a $7000 car. The bank and his third party people are quoting me $250 a month for a 48 month loan. There is a 7% interest rate, and I used one of those online payment calculators, and I keep getting around $160 per month. Logically 7000/ 48. = 145(without interest.) How is he getting $250 per month? No one can give me a straight answer. Am I missing something? Any help would be appreciated, thanks.