$18,300 Car Loan

What's the monthly payment on a $18,300 car?
$
$
%
Monthly payment = $332
Total yearly payments = $3,986
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $318
3.0% $324
4.0% $331
5.0% $337
6.0% $344
7.0% $351
8.0% $357
9.0% $364
10.0% $371
Payments by Amount Down
Down Monthly Payment
$0 $415
$1,000 $393
$2,000 $370
$3,000 $347
$4,000 $324
$5,000 $302
Payments by Loan Length
Length Payment
24 months $637
36 months $434
48 months $332
60 months $271
72 months $231
84 months $202

Can I afford a $18,300 car?

Is your salary enough to buy a $18,300 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 $18,300 vehicle, this would mean saving up $3,660.
  • 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 $18,300, you would need to make at least $45,750 per year.