$10,400 Car Loan

What's the monthly payment on a $10,400 car?
$
$
%
Monthly payment = $189
Total yearly payments = $2,265
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $181
3.0% $184
4.0% $188
5.0% $192
6.0% $195
7.0% $199
8.0% $203
9.0% $207
10.0% $211
Payments by Amount Down
Down Monthly Payment
$0 $236
$1,000 $213
$2,000 $191
$3,000 $168
$4,000 $145
$5,000 $123
Payments by Loan Length
Length Payment
24 months $362
36 months $247
48 months $189
60 months $154
72 months $131
84 months $115

Can I afford a $10,400 car?

Is your salary enough to buy a $10,400 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 $10,400 vehicle, this would mean saving up $2,080.
  • 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 $10,400, you would need to make at least $26,000 per year.