Monthly payment on a $10,000 car loan
Financing $10,000 at 7.5% APR for 60 months costs about $200 a month and $2,023 in total interest. Your actual APR depends mostly on credit score and whether the car is new or used — find your rate in the table, or enter a quote in the calculator.
$200.38 / month
- Amount financed
- $10,000
- Sales tax
- $0
- Total interest
- $2,023
Payment by APR and term
Monthly payment on $10,000 financed, by annual percentage rate and loan length.
| APR | 36 mo | 48 mo | 60 mo | 72 mo | 84 mo |
|---|---|---|---|---|---|
| 4% | $295 | $226 | $184 | $156 | $137 |
| 5% | $300 | $230 | $189 | $161 | $141 |
| 6% | $304 | $235 | $193 | $166 | $146 |
| 7% | $309 | $239 | $198 | $170 | $151 |
| 8% | $313 | $244 | $203 | $175 | $156 |
| 9% | $318 | $249 | $208 | $180 | $161 |
| 10% | $323 | $254 | $212 | $185 | $166 |
| 12% | $332 | $263 | $222 | $196 | $177 |
| 15% | $347 | $278 | $238 | $211 | $193 |
| 18% | $362 | $294 | $254 | $228 | $210 |
Income guideline
The widely used 20/4/10 rule suggests 20% down, a loan of no more than four years, and a car payment under 10% of gross monthly income. Keeping $200 a month under that line means a gross income of about $24,046 a year. Insurance, fuel, and maintenance often add as much again, so many buyers aim lower.
The amount financed is the price after your down payment and trade-in, plus any sales tax and fees you roll into the loan. To see what sales tax adds in your state, use the full auto loan calculator or its state pages.