$2,600 Car Loan

What's the monthly payment on a $2,600 car?
$
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%
Monthly payment = $47
Total yearly payments = $566
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $45
3.0% $46
4.0% $47
5.0% $48
6.0% $49
7.0% $50
8.0% $51
9.0% $52
10.0% $53
Payments by Amount Down
Down Monthly Payment
$0 $59
$200 $54
$400 $50
$800 $41
$1,200 $32
$2,000 $14
Payments by Loan Length
Length Payment
24 months $91
36 months $62
48 months $47
60 months $39
72 months $33
84 months $29

Can I afford a $2,600 car?

Is your salary enough to buy a $2,600 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 $2,600 vehicle, this would mean saving up $520.
  • 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 $2,600, you would need to make at least $6,500 per year.