$11,900 Car Loan

What's the monthly payment on a $11,900 car?
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%
Monthly payment = $216
Total yearly payments = $2,592
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $207
3.0% $211
4.0% $215
5.0% $219
6.0% $224
7.0% $228
8.0% $232
9.0% $237
10.0% $241
Payments by Amount Down
Down Monthly Payment
$0 $270
$1,000 $247
$2,000 $225
$3,000 $202
$4,000 $179
$5,000 $157
Payments by Loan Length
Length Payment
24 months $414
36 months $282
48 months $216
60 months $176
72 months $150
84 months $131

Can I afford a $11,900 car?

Is your salary enough to buy a $11,900 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 $11,900 vehicle, this would mean saving up $2,380.
  • 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 $11,900, you would need to make at least $29,750 per year.