$26,800 Car Loan

What's the monthly payment on a $26,800 car?
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%
Monthly payment = $486
Total yearly payments = $5,838
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $465
3.0% $475
4.0% $484
5.0% $494
6.0% $504
7.0% $513
8.0% $523
9.0% $534
10.0% $544
Payments by Amount Down
Down Monthly Payment
$0 $608
$1,000 $585
$2,500 $551
$5,000 $495
$7,500 $438
$10,000 $381
Payments by Loan Length
Length Payment
24 months $933
36 months $635
48 months $486
60 months $397
72 months $338
84 months $296

Can I afford a $26,800 car?

Is your salary enough to buy a $26,800 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 $26,800 vehicle, this would mean saving up $5,360.
  • 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 $26,800, you would need to make at least $67,000 per year.