“As a general rule, you never want to take out an 84-month loan, even if it lowers your payments. At the end of seven years, your car will have appreciated far too much and you’ll have ended up paying too much in interest.
If you have no other option, then you have to look at that interest rate with some caution. Unless you have terrible credit, 15.99% APR is alarming.
If you do have to take the loan because you need the car that badly, make sure to refinance as soon as possible. Typically, with decent credit, you should be able to find about eight percent APR financing for 84 months.”