$19,300 Car Loan

What's the monthly payment on a $19,300 car?
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%
Monthly payment = $350
Total yearly payments = $4,204
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $335
3.0% $342
4.0% $349
5.0% $356
6.0% $363
7.0% $370
8.0% $377
9.0% $384
10.0% $392
Payments by Amount Down
Down Monthly Payment
$0 $438
$1,000 $415
$2,000 $393
$3,000 $370
$4,000 $347
$5,000 $324
Payments by Loan Length
Length Payment
24 months $672
36 months $458
48 months $350
60 months $286
72 months $243
84 months $213

Can I afford a $19,300 car?

Is your salary enough to buy a $19,300 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 $19,300 vehicle, this would mean saving up $3,860.
  • 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 $19,300, you would need to make at least $48,250 per year.