$25,300 Car Loan

What's the monthly payment on a $25,300 car?
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%
Monthly payment = $459
Total yearly payments = $5,511
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $439
3.0% $448
4.0% $457
5.0% $466
6.0% $475
7.0% $485
8.0% $494
9.0% $504
10.0% $513
Payments by Amount Down
Down Monthly Payment
$0 $574
$1,000 $551
$2,500 $517
$5,000 $461
$7,500 $404
$10,000 $347
Payments by Loan Length
Length Payment
24 months $881
36 months $600
48 months $459
60 months $375
72 months $319
84 months $279

Can I afford a $25,300 car?

Is your salary enough to buy a $25,300 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 $25,300 vehicle, this would mean saving up $5,060.
  • 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 $25,300, you would need to make at least $63,250 per year.