$7,600 Car Loan

What's the monthly payment on a $7,600 car?
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Monthly payment = $138
Total yearly payments = $1,656
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $132
3.0% $135
4.0% $137
5.0% $140
6.0% $143
7.0% $146
8.0% $148
9.0% $151
10.0% $154
Payments by Amount Down
Down Monthly Payment
$0 $172
$500 $161
$1,000 $150
$1,500 $138
$2,000 $127
$2,500 $116
Payments by Loan Length
Length Payment
24 months $265
36 months $180
48 months $138
60 months $113
72 months $96
84 months $84

Can I afford a $7,600 car?

Is your salary enough to buy a $7,600 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 $7,600 vehicle, this would mean saving up $1,520.
  • 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 $7,600, you would need to make at least $19,000 per year.