$17,400 Car Loan

What's the monthly payment on a $17,400 car?
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Monthly payment = $316
Total yearly payments = $3,790
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $302
3.0% $308
4.0% $314
5.0% $321
6.0% $327
7.0% $333
8.0% $340
9.0% $346
10.0% $353
Payments by Amount Down
Down Monthly Payment
$0 $395
$1,000 $372
$2,000 $349
$3,000 $327
$4,000 $304
$5,000 $281
Payments by Loan Length
Length Payment
24 months $606
36 months $413
48 months $316
60 months $258
72 months $219
84 months $192

Can I afford a $17,400 car?

Is your salary enough to buy a $17,400 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 $17,400 vehicle, this would mean saving up $3,480.
  • 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 $17,400, you would need to make at least $43,500 per year.