$6,900 Car Loan

What's the monthly payment on a $6,900 car?
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Monthly payment = $125
Total yearly payments = $1,503
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $120
3.0% $122
4.0% $125
5.0% $127
6.0% $130
7.0% $132
8.0% $135
9.0% $137
10.0% $140
Payments by Amount Down
Down Monthly Payment
$0 $157
$500 $145
$1,000 $134
$1,500 $123
$2,000 $111
$2,500 $100
Payments by Loan Length
Length Payment
24 months $240
36 months $164
48 months $125
60 months $102
72 months $87
84 months $76

Can I afford a $6,900 car?

Is your salary enough to buy a $6,900 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 $6,900 vehicle, this would mean saving up $1,380.
  • 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 $6,900, you would need to make at least $17,250 per year.