$29,700 Car Loan

What's the monthly payment on a $29,700 car?
$
$
%
Monthly payment = $539
Total yearly payments = $6,470
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $515
3.0% $526
4.0% $536
5.0% $547
6.0% $558
7.0% $569
8.0% $580
9.0% $591
10.0% $603
Payments by Amount Down
Down Monthly Payment
$0 $674
$1,000 $651
$2,500 $617
$5,000 $560
$7,500 $504
$10,000 $447
Payments by Loan Length
Length Payment
24 months $1,034
36 months $704
48 months $539
60 months $440
72 months $374
84 months $328

Can I afford a $29,700 car?

Is your salary enough to buy a $29,700 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 $29,700 vehicle, this would mean saving up $5,940.
  • 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 $29,700, you would need to make at least $74,250 per year.