$24,100 Car Loan

What's the monthly payment on a $24,100 car?
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Monthly payment = $437
Total yearly payments = $5,250
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $418
3.0% $427
4.0% $435
5.0% $444
6.0% $453
7.0% $462
8.0% $471
9.0% $480
10.0% $489
Payments by Amount Down
Down Monthly Payment
$0 $547
$1,000 $524
$2,500 $490
$5,000 $433
$7,500 $377
$10,000 $320
Payments by Loan Length
Length Payment
24 months $839
36 months $571
48 months $437
60 months $357
72 months $304
84 months $266

Can I afford a $24,100 car?

Is your salary enough to buy a $24,100 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 $24,100 vehicle, this would mean saving up $4,820.
  • 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 $24,100, you would need to make at least $60,250 per year.