$24,900 Car Loan

What's the monthly payment on a $24,900 car?
$
$
%
Monthly payment = $452
Total yearly payments = $5,424
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $432
3.0% $441
4.0% $450
5.0% $459
6.0% $468
7.0% $477
8.0% $486
9.0% $496
10.0% $505
Payments by Amount Down
Down Monthly Payment
$0 $565
$1,000 $542
$2,500 $508
$5,000 $452
$7,500 $395
$10,000 $338
Payments by Loan Length
Length Payment
24 months $867
36 months $590
48 months $452
60 months $369
72 months $314
84 months $275

Can I afford a $24,900 car?

Is your salary enough to buy a $24,900 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 $24,900 vehicle, this would mean saving up $4,980.
  • 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 $24,900, you would need to make at least $62,250 per year.