$18,200 Car Loan

What's the monthly payment on a $18,200 car?
$
$
%
Monthly payment = $330
Total yearly payments = $3,965
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $316
3.0% $322
4.0% $329
5.0% $335
6.0% $342
7.0% $349
8.0% $355
9.0% $362
10.0% $369
Payments by Amount Down
Down Monthly Payment
$0 $413
$1,000 $390
$2,000 $368
$3,000 $345
$4,000 $322
$5,000 $300
Payments by Loan Length
Length Payment
24 months $634
36 months $431
48 months $330
60 months $270
72 months $229
84 months $201

Can I afford a $18,200 car?

Is your salary enough to buy a $18,200 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 $18,200 vehicle, this would mean saving up $3,640.
  • 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 $18,200, you would need to make at least $45,500 per year.