$3,800 Car Loan

What's the monthly payment on a $3,800 car?
$
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%
Monthly payment = $69
Total yearly payments = $828
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $66
3.0% $67
4.0% $69
5.0% $70
6.0% $71
7.0% $73
8.0% $74
9.0% $76
10.0% $77
Payments by Amount Down
Down Monthly Payment
$0 $86
$200 $82
$400 $77
$800 $68
$1,200 $59
$2,000 $41
Payments by Loan Length
Length Payment
24 months $132
36 months $90
48 months $69
60 months $56
72 months $48
84 months $42

Can I afford a $3,800 car?

Is your salary enough to buy a $3,800 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 $3,800 vehicle, this would mean saving up $760.
  • 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 $3,800, you would need to make at least $9,500 per year.