Buying a Toyota - price and insurance advice please?!?

I am going to pick up my new car today IF this is a good deal. Its a black 2008 Toyota Corolla S. I am buying it, its a 72 month pay schedule of $387 a month. Insurance for it and our 2002 Santa Fe (both full coverage) is $157 a month. Do these prices sound about right? I want to know if I'm getting a good deal. Also, do new cars need to be maintinenced every 5,000 miles? Someone said that on another question of mine and I was wondering if thats true. I want to know anything that is vital to purchasing a new car. We dont have great credit... both our scores are around 600. We are paying for the gap insurance and all that other good stuff. Oh and we're not trading a car - this is just straight up - no money down - our interest rate is 14%..... Thanks to answers
 
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