$9,000 Car Loan

What's the monthly payment on a $9,000 car?
$
$
%
Monthly payment = $163
Total yearly payments = $1,961
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $156
3.0% $159
4.0% $163
5.0% $166
6.0% $169
7.0% $172
8.0% $176
9.0% $179
10.0% $183
Payments by Amount Down
Down Monthly Payment
$0 $204
$500 $193
$1,000 $182
$1,500 $170
$2,000 $159
$2,500 $147
Payments by Loan Length
Length Payment
24 months $313
36 months $213
48 months $163
60 months $133
72 months $113
84 months $99

Can I afford a $9,000 car?

Is your salary enough to buy a $9,000 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 $9,000 vehicle, this would mean saving up $1,800.
  • 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 $9,000, you would need to make at least $22,500 per year.