$27,300 Car Loan

What's the monthly payment on a $27,300 car?
$
$
%
Monthly payment = $496
Total yearly payments = $5,947
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $474
3.0% $483
4.0% $493
5.0% $503
6.0% $513
7.0% $523
8.0% $533
9.0% $543
10.0% $554
Payments by Amount Down
Down Monthly Payment
$0 $619
$1,000 $597
$2,500 $563
$5,000 $506
$7,500 $449
$10,000 $393
Payments by Loan Length
Length Payment
24 months $951
36 months $647
48 months $496
60 months $405
72 months $344
84 months $301

Can I afford a $27,300 car?

Is your salary enough to buy a $27,300 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 $27,300 vehicle, this would mean saving up $5,460.
  • 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 $27,300, you would need to make at least $68,250 per year.