$10,300 Car Loan

What's the monthly payment on a $10,300 car?
$
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%
Monthly payment = $187
Total yearly payments = $2,244
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $179
3.0% $182
4.0% $186
5.0% $190
6.0% $194
7.0% $197
8.0% $201
9.0% $205
10.0% $209
Payments by Amount Down
Down Monthly Payment
$0 $234
$1,000 $211
$2,000 $188
$3,000 $166
$4,000 $143
$5,000 $120
Payments by Loan Length
Length Payment
24 months $359
36 months $244
48 months $187
60 months $153
72 months $130
84 months $114

Can I afford a $10,300 car?

Is your salary enough to buy a $10,300 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 $10,300 vehicle, this would mean saving up $2,060.
  • 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 $10,300, you would need to make at least $25,750 per year.