$26,700 Car Loan

What's the monthly payment on a $26,700 car?
$
$
%
Monthly payment = $485
Total yearly payments = $5,816
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $463
3.0% $473
4.0% $482
5.0% $492
6.0% $502
7.0% $511
8.0% $521
9.0% $532
10.0% $542
Payments by Amount Down
Down Monthly Payment
$0 $606
$1,000 $583
$2,500 $549
$5,000 $492
$7,500 $436
$10,000 $379
Payments by Loan Length
Length Payment
24 months $930
36 months $633
48 months $485
60 months $396
72 months $337
84 months $294

Can I afford a $26,700 car?

Is your salary enough to buy a $26,700 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 $26,700 vehicle, this would mean saving up $5,340.
  • 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 $26,700, you would need to make at least $66,750 per year.