$10,600 Car Loan

What's the monthly payment on a $10,600 car?
$
$
%
Monthly payment = $192
Total yearly payments = $2,309
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $184
3.0% $188
4.0% $191
5.0% $195
6.0% $199
7.0% $203
8.0% $207
9.0% $211
10.0% $215
Payments by Amount Down
Down Monthly Payment
$0 $241
$1,000 $218
$2,000 $195
$3,000 $172
$4,000 $150
$5,000 $127
Payments by Loan Length
Length Payment
24 months $369
36 months $251
48 months $192
60 months $157
72 months $134
84 months $117

Can I afford a $10,600 car?

Is your salary enough to buy a $10,600 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 $10,600 vehicle, this would mean saving up $2,120.
  • 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 $10,600, you would need to make at least $26,500 per year.