$6,600 Car Loan

What's the monthly payment on a $6,600 car?
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Monthly payment = $120
Total yearly payments = $1,438
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $115
3.0% $117
4.0% $119
5.0% $122
6.0% $124
7.0% $126
8.0% $129
9.0% $131
10.0% $134
Payments by Amount Down
Down Monthly Payment
$0 $150
$500 $138
$1,000 $127
$1,500 $116
$2,000 $104
$2,500 $93
Payments by Loan Length
Length Payment
24 months $230
36 months $156
48 months $120
60 months $98
72 months $83
84 months $73

Can I afford a $6,600 car?

Is your salary enough to buy a $6,600 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 $6,600 vehicle, this would mean saving up $1,320.
  • 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 $6,600, you would need to make at least $16,500 per year.