$21,900 Car Loan

What's the monthly payment on a $21,900 car?
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%
Monthly payment = $398
Total yearly payments = $4,771
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $380
3.0% $388
4.0% $396
5.0% $403
6.0% $411
7.0% $420
8.0% $428
9.0% $436
10.0% $444
Payments by Amount Down
Down Monthly Payment
$0 $497
$1,000 $474
$2,500 $440
$5,000 $383
$7,500 $327
$10,000 $270
Payments by Loan Length
Length Payment
24 months $763
36 months $519
48 months $398
60 months $325
72 months $276
84 months $241

Can I afford a $21,900 car?

Is your salary enough to buy a $21,900 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 $21,900 vehicle, this would mean saving up $4,380.
  • 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 $21,900, you would need to make at least $54,750 per year.