$11,100 Car Loan

What's the monthly payment on a $11,100 car?
$
$
%
Monthly payment = $201
Total yearly payments = $2,418
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $193
3.0% $197
4.0% $201
5.0% $205
6.0% $209
7.0% $213
8.0% $217
9.0% $221
10.0% $225
Payments by Amount Down
Down Monthly Payment
$0 $252
$1,000 $229
$2,000 $206
$3,000 $184
$4,000 $161
$5,000 $138
Payments by Loan Length
Length Payment
24 months $387
36 months $263
48 months $201
60 months $165
72 months $140
84 months $122

Can I afford a $11,100 car?

Is your salary enough to buy a $11,100 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 $11,100 vehicle, this would mean saving up $2,220.
  • 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 $11,100, you would need to make at least $27,750 per year.