How that works is when the car is repoed it's auctioned off. So someone from the dealer or family buys it for $2,000, and you are on the hook for the balance.
What would be nice is to borrow the money from a bank and pay the sob off. Hopefully the bank will have a far more reasonable interest rate.
Anyway that's my impression of how it works. I've lived 63 years and never bought any sort of transportation on time. I drive a 24 year old Celica with 190,000 miles on it. My 24 year old BMW motorcycle has 130,000 miles on it. My 60 year old Belair only has 70,000 on it.
Buy used, buy an older Toyota and you won't be sorry. I just put two O-rings on my air conditioner and it blows cold enough to hang meat in the thing.
I love that little car, 34 miles per gallon on the road, and runs smooth as butter. I paid $600 for it needing a clutch. I sold it for $1500, and the guy never put it in his name. I got a call from a tow company saying they had my car, so I got it back for $100 bucks. I never did hear from the guy who bought it. He abandoned it with the keys in the ignition.
Would you care to buy a nice Celica?