$3,300 Car Loan

What's the monthly payment on a $3,300 car?
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%
Monthly payment = $60
Total yearly payments = $719
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $57
3.0% $58
4.0% $60
5.0% $61
6.0% $62
7.0% $63
8.0% $64
9.0% $66
10.0% $67
Payments by Amount Down
Down Monthly Payment
$0 $75
$200 $70
$400 $66
$800 $57
$1,200 $48
$2,000 $29
Payments by Loan Length
Length Payment
24 months $115
36 months $78
48 months $60
60 months $49
72 months $42
84 months $36

Can I afford a $3,300 car?

Is your salary enough to buy a $3,300 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 $3,300 vehicle, this would mean saving up $660.
  • 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 $3,300, you would need to make at least $8,250 per year.