$10,500 Car Loan

What's the monthly payment on a $10,500 car?
$
$
%
Monthly payment = $191
Total yearly payments = $2,287
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $182
3.0% $186
4.0% $190
5.0% $193
6.0% $197
7.0% $201
8.0% $205
9.0% $209
10.0% $213
Payments by Amount Down
Down Monthly Payment
$0 $238
$1,000 $216
$2,000 $193
$3,000 $170
$4,000 $147
$5,000 $125
Payments by Loan Length
Length Payment
24 months $366
36 months $249
48 months $191
60 months $156
72 months $132
84 months $116

Can I afford a $10,500 car?

Is your salary enough to buy a $10,500 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 $10,500 vehicle, this would mean saving up $2,100.
  • 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 $10,500, you would need to make at least $26,250 per year.