$17,600 Car Loan

What's the monthly payment on a $17,600 car?
$
$
%
Monthly payment = $319
Total yearly payments = $3,834
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $305
3.0% $312
4.0% $318
5.0% $324
6.0% $331
7.0% $337
8.0% $344
9.0% $350
10.0% $357
Payments by Amount Down
Down Monthly Payment
$0 $399
$1,000 $377
$2,000 $354
$3,000 $331
$4,000 $309
$5,000 $286
Payments by Loan Length
Length Payment
24 months $613
36 months $417
48 months $319
60 months $261
72 months $222
84 months $194

Can I afford a $17,600 car?

Is your salary enough to buy a $17,600 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 $17,600 vehicle, this would mean saving up $3,520.
  • 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 $17,600, you would need to make at least $44,000 per year.