EXCLUSIVEStephon Marbury doesn't make good decisions (see: eating vaseline) ... but he made a spectacularly bad decision back in 2007 in a deal for a Land Rover, this according to legal docs obtained by TMZ Sports.
Marbury -- who made more than $88 MILLION in his NBA career -- is being sued for "refusing" to make his car payments on a Land Rover he bought back in 2007.
But the real story is the contract Stephon signed with the dealer -- which shows he agreed to a 6-year lease on the $96k vehicle ... with a ridiculously high 11.5% interest rate.
If you're keeping score ... Marbury agreed to pay roughly $37,000 IN INTEREST ALONE if he kept the car through the end of the lease for a total of $133k on a $96k whip.
That's not fiscally responsible.
As for the lawsuit, the creditors claim Stephon stopped making payments in 2012 ... and owes them $35k for the car.
We reached out to Marbury ... but couldn't get in touch with the guy.