$10,800 Car Loan

What's the monthly payment on a $10,800 car?
$
$
%
Monthly payment = $196
Total yearly payments = $2,353
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $187
3.0% $191
4.0% $195
5.0% $199
6.0% $203
7.0% $207
8.0% $211
9.0% $215
10.0% $219
Payments by Amount Down
Down Monthly Payment
$0 $245
$1,000 $222
$2,000 $200
$3,000 $177
$4,000 $154
$5,000 $132
Payments by Loan Length
Length Payment
24 months $376
36 months $256
48 months $196
60 months $160
72 months $136
84 months $119

Can I afford a $10,800 car?

Is your salary enough to buy a $10,800 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 $10,800 vehicle, this would mean saving up $2,160.
  • 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 $10,800, you would need to make at least $27,000 per year.