### Comment:
Car loans are APR, in other words the 4% is charged PER YEAR. 
  
 So with your numbers (this is all calculated with no payments being made): 19000 * .04 = $760 of interest for the YEAR. 
  
 $760 / 12 months = $63.34 dollars of interest PER MONTH 
  
 $63.34 * 7 months = $443.38 to buy a car? 
  
 Let’s see your $500 car...

### REPLY:
LOL. I bought a $500 car. Ford Galaxy. But that was in 1980, and it was a piece of shit. I don't think it lasted two years.

### END.