$17,800 Car Loan

What's the monthly payment on a $17,800 car?
$
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%
Monthly payment = $323
Total yearly payments = $3,877
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $309
3.0% $315
4.0% $322
5.0% $328
6.0% $334
7.0% $341
8.0% $348
9.0% $354
10.0% $361
Payments by Amount Down
Down Monthly Payment
$0 $404
$1,000 $381
$2,000 $359
$3,000 $336
$4,000 $313
$5,000 $290
Payments by Loan Length
Length Payment
24 months $620
36 months $422
48 months $323
60 months $264
72 months $224
84 months $196

Can I afford a $17,800 car?

Is your salary enough to buy a $17,800 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 $17,800 vehicle, this would mean saving up $3,560.
  • 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 $17,800, you would need to make at least $44,500 per year.