$26,900 Car Loan

What's the monthly payment on a $26,900 car?
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%
Monthly payment = $488
Total yearly payments = $5,860
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $467
3.0% $476
4.0% $486
5.0% $496
6.0% $505
7.0% $515
8.0% $525
9.0% $536
10.0% $546
Payments by Amount Down
Down Monthly Payment
$0 $610
$1,000 $588
$2,500 $554
$5,000 $497
$7,500 $440
$10,000 $383
Payments by Loan Length
Length Payment
24 months $937
36 months $638
48 months $488
60 months $399
72 months $339
84 months $297

Can I afford a $26,900 car?

Is your salary enough to buy a $26,900 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 $26,900 vehicle, this would mean saving up $5,380.
  • 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 $26,900, you would need to make at least $67,250 per year.