$17,200 Car Loan

What's the monthly payment on a $17,200 car?
$
$
%
Monthly payment = $312
Total yearly payments = $3,747
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $299
3.0% $305
4.0% $311
5.0% $317
6.0% $323
7.0% $330
8.0% $336
9.0% $342
10.0% $349
Payments by Amount Down
Down Monthly Payment
$0 $390
$1,000 $368
$2,000 $345
$3,000 $322
$4,000 $300
$5,000 $277
Payments by Loan Length
Length Payment
24 months $599
36 months $408
48 months $312
60 months $255
72 months $217
84 months $190

Can I afford a $17,200 car?

Is your salary enough to buy a $17,200 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 $17,200 vehicle, this would mean saving up $3,440.
  • 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 $17,200, you would need to make at least $43,000 per year.