$8,200 Car Loan

What's the monthly payment on a $8,200 car?
$
$
%
Monthly payment = $149
Total yearly payments = $1,786
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $142
3.0% $145
4.0% $148
5.0% $151
6.0% $154
7.0% $157
8.0% $160
9.0% $163
10.0% $166
Payments by Amount Down
Down Monthly Payment
$0 $186
$500 $175
$1,000 $163
$1,500 $152
$2,000 $141
$2,500 $129
Payments by Loan Length
Length Payment
24 months $286
36 months $194
48 months $149
60 months $122
72 months $103
84 months $90

Can I afford a $8,200 car?

Is your salary enough to buy a $8,200 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 $8,200 vehicle, this would mean saving up $1,640.
  • 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 $8,200, you would need to make at least $20,500 per year.