$3,600 Car Loan

What's the monthly payment on a $3,600 car?
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Monthly payment = $65
Total yearly payments = $784
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $62
3.0% $64
4.0% $65
5.0% $66
6.0% $68
7.0% $69
8.0% $70
9.0% $72
10.0% $73
Payments by Amount Down
Down Monthly Payment
$0 $82
$200 $77
$400 $73
$800 $64
$1,200 $54
$2,000 $36
Payments by Loan Length
Length Payment
24 months $125
36 months $85
48 months $65
60 months $53
72 months $45
84 months $40

Can I afford a $3,600 car?

Is your salary enough to buy a $3,600 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 $3,600 vehicle, this would mean saving up $720.
  • 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 $3,600, you would need to make at least $9,000 per year.