# How much is a 30000 car payment monthly?

## How much is a 30000 car payment monthly?

It’s based on average credit, no money down, and financing for five years. If you change any of those variables your payment will change. So, for example, if you’re looking at a $20,000 car, the payments will be roughly $400 a month. A $30,000 car, roughly $600 a month.

## How do you calculate monthly car payments?

To calculate your monthly car loan payment by hand, divide the total loan and interest amount by the loan term (the number of months you have to repay the loan). For example, the total interest on a $30,000, 60-month loan at 4% would be $3,150.

**How much is a monthly payment on a $25000 car?**

Your new loan amount would be $25,000, your monthly payment would be $452, and you’d pay $2,113 in total interest charges.

**What is a good monthly payment for a car?**

The average monthly car payment was $568 for a new vehicle and $397 for used vehicles in the U.S. during the second quarter of 2020, according to Experian data. The average lease payment was $467 a month in the same period.

### What is minimum down payment for a car?

20%

As a general rule, aim for no less than 20% down, particularly for new cars — and no less than 10% down for used cars — so that you don’t end up paying too much in interest and financing costs. Benefits of making a down payment can include a lower monthly payment and less interest paid over the life of the loan.

### What is the formula for monthly car payment?

car payment formula: c = Monthly Payment. r = Monthly Interest Rate (in Decimal Form) =. (Yearly Interest Rate/100) / 12. P = Principal Amount on the Loan. N = Total # of Months for the loan ( Years on the loan x 12) Example: Monthly payment for 5 year auto loan, with a principal. of $25,000, and a yearly interest rate of 6.5%:

**How to calculate the interest rate on a car loan?**

r = Monthly Interest Rate (in Decimal Form) = (Yearly Interest Rate/100) / 12 P = Principal Amount on the Loan N = Total # of Months for the loan (Years on the loan x 12)

**Do you have to pay monthly on a car loan?**

Monthly payment estimates are for informational purpose and do not represent a financing offer from the seller of this vehicle. Other taxes may apply.

## How to calculate car loan in BDO calculator?

Compute for a loan package that suits your budget. 1. All amount quoted are in Philippine Peso 2. All computations are for illustration purposes only. These do not constitute an approval nor an offer by BDO. 3. Actual computations based on prevailing rates will be provided by your BDO Account Officer upon loan application.