$26,600 Car Loan

What's the monthly payment on a $26,600 car?
$
$
%
Monthly payment = $483
Total yearly payments = $5,794
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $462
3.0% $471
4.0% $480
5.0% $490
6.0% $500
7.0% $510
8.0% $520
9.0% $530
10.0% $540
Payments by Amount Down
Down Monthly Payment
$0 $604
$1,000 $581
$2,500 $547
$5,000 $490
$7,500 $433
$10,000 $377
Payments by Loan Length
Length Payment
24 months $926
36 months $631
48 months $483
60 months $394
72 months $335
84 months $293

Can I afford a $26,600 car?

Is your salary enough to buy a $26,600 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 $26,600 vehicle, this would mean saving up $5,320.
  • 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 $26,600, you would need to make at least $66,500 per year.