$26,500 Car Loan

What's the monthly payment on a $26,500 car?
$
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%
Monthly payment = $481
Total yearly payments = $5,773
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $460
3.0% $469
4.0% $479
5.0% $488
6.0% $498
7.0% $508
8.0% $518
9.0% $528
10.0% $538
Payments by Amount Down
Down Monthly Payment
$0 $601
$1,000 $579
$2,500 $545
$5,000 $488
$7,500 $431
$10,000 $374
Payments by Loan Length
Length Payment
24 months $923
36 months $628
48 months $481
60 months $393
72 months $334
84 months $292

Can I afford a $26,500 car?

Is your salary enough to buy a $26,500 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 $26,500 vehicle, this would mean saving up $5,300.
  • 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 $26,500, you would need to make at least $66,250 per year.