$9,300 Car Loan

What's the monthly payment on a $9,300 car?
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%
Monthly payment = $169
Total yearly payments = $2,026
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $161
3.0% $165
4.0% $168
5.0% $171
6.0% $175
7.0% $178
8.0% $182
9.0% $185
10.0% $189
Payments by Amount Down
Down Monthly Payment
$0 $211
$500 $200
$1,000 $188
$1,500 $177
$2,000 $166
$2,500 $154
Payments by Loan Length
Length Payment
24 months $324
36 months $220
48 months $169
60 months $138
72 months $117
84 months $103

Can I afford a $9,300 car?

Is your salary enough to buy a $9,300 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 $9,300 vehicle, this would mean saving up $1,860.
  • 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 $9,300, you would need to make at least $23,250 per year.