$7,800 Car Loan

What's the monthly payment on a $7,800 car?
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Monthly payment = $142
Total yearly payments = $1,699
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $135
3.0% $138
4.0% $141
5.0% $144
6.0% $147
7.0% $149
8.0% $152
9.0% $155
10.0% $158
Payments by Amount Down
Down Monthly Payment
$0 $177
$500 $166
$1,000 $154
$1,500 $143
$2,000 $132
$2,500 $120
Payments by Loan Length
Length Payment
24 months $272
36 months $185
48 months $142
60 months $116
72 months $98
84 months $86

Can I afford a $7,800 car?

Is your salary enough to buy a $7,800 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 $7,800 vehicle, this would mean saving up $1,560.
  • 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 $7,800, you would need to make at least $19,500 per year.