$18,100 Car Loan

What's the monthly payment on a $18,100 car?
$
$
%
Monthly payment = $329
Total yearly payments = $3,943
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $314
3.0% $321
4.0% $327
5.0% $333
6.0% $340
7.0% $347
8.0% $353
9.0% $360
10.0% $367
Payments by Amount Down
Down Monthly Payment
$0 $411
$1,000 $388
$2,000 $365
$3,000 $343
$4,000 $320
$5,000 $297
Payments by Loan Length
Length Payment
24 months $630
36 months $429
48 months $329
60 months $268
72 months $228
84 months $200

Can I afford a $18,100 car?

Is your salary enough to buy a $18,100 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 $18,100 vehicle, this would mean saving up $3,620.
  • 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 $18,100, you would need to make at least $45,250 per year.