$29,100 Car Loan

What's the monthly payment on a $29,100 car?
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%
Monthly payment = $528
Total yearly payments = $6,339
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $505
3.0% $515
4.0% $526
5.0% $536
6.0% $547
7.0% $557
8.0% $568
9.0% $579
10.0% $590
Payments by Amount Down
Down Monthly Payment
$0 $660
$1,000 $638
$2,500 $604
$5,000 $547
$7,500 $490
$10,000 $433
Payments by Loan Length
Length Payment
24 months $1,014
36 months $690
48 months $528
60 months $431
72 months $367
84 months $321

Can I afford a $29,100 car?

Is your salary enough to buy a $29,100 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 $29,100 vehicle, this would mean saving up $5,820.
  • 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 $29,100, you would need to make at least $72,750 per year.