$10,900 Car Loan

What's the monthly payment on a $10,900 car?
$
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%
Monthly payment = $198
Total yearly payments = $2,374
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $189
3.0% $193
4.0% $197
5.0% $201
6.0% $205
7.0% $209
8.0% $213
9.0% $217
10.0% $221
Payments by Amount Down
Down Monthly Payment
$0 $247
$1,000 $225
$2,000 $202
$3,000 $179
$4,000 $157
$5,000 $134
Payments by Loan Length
Length Payment
24 months $380
36 months $258
48 months $198
60 months $162
72 months $137
84 months $120

Can I afford a $10,900 car?

Is your salary enough to buy a $10,900 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 $10,900 vehicle, this would mean saving up $2,180.
  • 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 $10,900, you would need to make at least $27,250 per year.