$7,300 Car Loan

What's the monthly payment on a $7,300 car?
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%
Monthly payment = $133
Total yearly payments = $1,590
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $127
3.0% $129
4.0% $132
5.0% $134
6.0% $137
7.0% $140
8.0% $143
9.0% $145
10.0% $148
Payments by Amount Down
Down Monthly Payment
$0 $166
$500 $154
$1,000 $143
$1,500 $132
$2,000 $120
$2,500 $109
Payments by Loan Length
Length Payment
24 months $254
36 months $173
48 months $133
60 months $108
72 months $92
84 months $80

Can I afford a $7,300 car?

Is your salary enough to buy a $7,300 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 $7,300 vehicle, this would mean saving up $1,460.
  • 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 $7,300, you would need to make at least $18,250 per year.