$29,300 Car Loan

What's the monthly payment on a $29,300 car?
$
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%
Monthly payment = $532
Total yearly payments = $6,383
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $509
3.0% $519
4.0% $529
5.0% $540
6.0% $550
7.0% $561
8.0% $572
9.0% $583
10.0% $594
Payments by Amount Down
Down Monthly Payment
$0 $665
$1,000 $642
$2,500 $608
$5,000 $551
$7,500 $495
$10,000 $438
Payments by Loan Length
Length Payment
24 months $1,020
36 months $695
48 months $532
60 months $434
72 months $369
84 months $323

Can I afford a $29,300 car?

Is your salary enough to buy a $29,300 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 $29,300 vehicle, this would mean saving up $5,860.
  • 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 $29,300, you would need to make at least $73,250 per year.