$2,700 Car Loan

What's the monthly payment on a $2,700 car?
$
$
%
Monthly payment = $49
Total yearly payments = $588
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $47
3.0% $48
4.0% $49
5.0% $50
6.0% $51
7.0% $52
8.0% $53
9.0% $54
10.0% $55
Payments by Amount Down
Down Monthly Payment
$0 $61
$200 $57
$400 $52
$800 $43
$1,200 $34
$2,000 $16
Payments by Loan Length
Length Payment
24 months $94
36 months $64
48 months $49
60 months $40
72 months $34
84 months $30

Can I afford a $2,700 car?

Is your salary enough to buy a $2,700 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 $2,700 vehicle, this would mean saving up $540.
  • 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 $2,700, you would need to make at least $6,750 per year.