$30,900 Car Loan

What's the monthly payment on a $30,900 car?
$
$
%
Monthly payment = $561
Total yearly payments = $6,731
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $536
3.0% $547
4.0% $558
5.0% $569
6.0% $581
7.0% $592
8.0% $603
9.0% $615
10.0% $627
Payments by Amount Down
Down Monthly Payment
$0 $701
$2,000 $656
$5,000 $588
$8,000 $520
$10,000 $474
$15,000 $361
Payments by Loan Length
Length Payment
24 months $1,076
36 months $733
48 months $561
60 months $458
72 months $390
84 months $341

Can I afford a $30,900 car?

Is your salary enough to buy a $30,900 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 $30,900 vehicle, this would mean saving up $6,180.
  • 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 $30,900, you would need to make at least $77,250 per year.