$17,700 Car Loan

What's the monthly payment on a $17,700 car?
$
$
%
Monthly payment = $321
Total yearly payments = $3,856
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $307
3.0% $313
4.0% $320
5.0% $326
6.0% $333
7.0% $339
8.0% $346
9.0% $352
10.0% $359
Payments by Amount Down
Down Monthly Payment
$0 $402
$1,000 $379
$2,000 $356
$3,000 $334
$4,000 $311
$5,000 $288
Payments by Loan Length
Length Payment
24 months $616
36 months $420
48 months $321
60 months $262
72 months $223
84 months $195

Can I afford a $17,700 car?

Is your salary enough to buy a $17,700 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 $17,700 vehicle, this would mean saving up $3,540.
  • 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 $17,700, you would need to make at least $44,250 per year.