$26,000 Car Loan

What's the monthly payment on a $26,000 car?
$
$
%
Monthly payment = $472
Total yearly payments = $5,664
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $451
3.0% $460
4.0% $470
5.0% $479
6.0% $488
7.0% $498
8.0% $508
9.0% $518
10.0% $528
Payments by Amount Down
Down Monthly Payment
$0 $590
$1,000 $567
$2,500 $533
$5,000 $477
$7,500 $420
$10,000 $363
Payments by Loan Length
Length Payment
24 months $906
36 months $616
48 months $472
60 months $385
72 months $328
84 months $287

Can I afford a $26,000 car?

Is your salary enough to buy a $26,000 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 $26,000 vehicle, this would mean saving up $5,200.
  • 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 $26,000, you would need to make at least $65,000 per year.