$21,300 Car Loan

What's the monthly payment on a $21,300 car?
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%
Monthly payment = $387
Total yearly payments = $4,640
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $370
3.0% $377
4.0% $385
5.0% $392
6.0% $400
7.0% $408
8.0% $416
9.0% $424
10.0% $432
Payments by Amount Down
Down Monthly Payment
$0 $483
$1,000 $461
$2,500 $427
$5,000 $370
$7,500 $313
$10,000 $256
Payments by Loan Length
Length Payment
24 months $742
36 months $505
48 months $387
60 months $316
72 months $269
84 months $235

Can I afford a $21,300 car?

Is your salary enough to buy a $21,300 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 $21,300 vehicle, this would mean saving up $4,260.
  • 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 $21,300, you would need to make at least $53,250 per year.