1994 Oldsmobile Cutlass Finance Company/ Inspection

I have a 1994 Oldsmobile Cutlass Supreme Sl 3.1l3100v6. Ok It's financed through a credit rebuilding program. The finance company wants me to spend $200 for a 24point inspection which includes a pressure test and I believe a compression check. With the terms being a certain Gm dealer and a certain Time frame. If I don't get the car inspected they will reposess the vehicle and if they recieve the next due payment they will keep the car and payment as liquidated damages. I've always paid on time and changed the oil and kept it maintained good. I just replaced the T-stat as you can see here on this website. I don't know what to do. Any advice would be appreciated. I'm at a loss for words right know. Thanks in advance!