$10,200 Car Loan

What's the monthly payment on a $10,200 car?
$
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%
Monthly payment = $185
Total yearly payments = $2,222
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $177
3.0% $181
4.0% $184
5.0% $188
6.0% $192
7.0% $195
8.0% $199
9.0% $203
10.0% $207
Payments by Amount Down
Down Monthly Payment
$0 $231
$1,000 $209
$2,000 $186
$3,000 $163
$4,000 $141
$5,000 $118
Payments by Loan Length
Length Payment
24 months $355
36 months $242
48 months $185
60 months $151
72 months $129
84 months $112

Can I afford a $10,200 car?

Is your salary enough to buy a $10,200 vehicle? A general rule of thumb for buying a car or truck is the 20 / 4 / 10 rule.

  • Make a down payment of at least 20% cash. For a $10,200 vehicle, this would mean saving up $2,040.
  • Pay back the loan in 4 years or less.
  • Don't spend more than 10% of your income on payments and insurance. Rough estimate: your annual income should be at least 2.5 times the purchase price. So to afford a car that costs $10,200, you would need to make at least $25,500 per year.