$4,400 Car Loan

What's the monthly payment on a $4,400 car?
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Monthly payment = $80
Total yearly payments = $958
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $76
3.0% $78
4.0% $79
5.0% $81
6.0% $83
7.0% $84
8.0% $86
9.0% $88
10.0% $89
Payments by Amount Down
Down Monthly Payment
$0 $100
$500 $88
$1,000 $77
$1,500 $66
$2,000 $54
$2,500 $43
Payments by Loan Length
Length Payment
24 months $153
36 months $104
48 months $80
60 months $65
72 months $55
84 months $49

Can I afford a $4,400 car?

Is your salary enough to buy a $4,400 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 $4,400 vehicle, this would mean saving up $880.
  • 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 $4,400, you would need to make at least $11,000 per year.