$26,400 Car Loan

What's the monthly payment on a $26,400 car?
$
$
%
Monthly payment = $479
Total yearly payments = $5,751
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $458
3.0% $467
4.0% $477
5.0% $486
6.0% $496
7.0% $506
8.0% $516
9.0% $526
10.0% $536
Payments by Amount Down
Down Monthly Payment
$0 $599
$1,000 $576
$2,500 $542
$5,000 $486
$7,500 $429
$10,000 $372
Payments by Loan Length
Length Payment
24 months $919
36 months $626
48 months $479
60 months $391
72 months $333
84 months $291

Can I afford a $26,400 car?

Is your salary enough to buy a $26,400 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 $26,400 vehicle, this would mean saving up $5,280.
  • 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 $26,400, you would need to make at least $66,000 per year.