200 Dollars A Month Car

New Cars Under $200 per Calendar month

Harry Lloyd

Cars Under 200 per Month

Low monthly payments

For nigh people, it'southward pretty difficult to relate to the large MSRP numbers. It's much easier for people to empathise how expensive a car is based on how much money they will pay per calendar month for information technology. Telling people they volition pay $11000 for a auto is not really as real to them every bit saying you will pay $200 a month.

The ideal situation for automobile buyers would be to purchase cars under 200 per month. This is a very upkeep friendly number, and even people in the tightest financial situations tin squeeze this payment in.

Here are some of the cheapest cars that you lot could get for less than $200. For each of these vehicles, the cheapest available model is chosen and the sales tax is 6%, for statement'due south sake. We volition assume there is a 3% interest rate over a 60 month loan term.

Nissan Cars Under 200 Dollars a Month

2012 Nissan Versa	Price	Down Payment	Car Payment per Month
	$xi,183	$k	$195
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New Smart Cars Under 200 per Month

2012 Smart Fortwo	Price	Downwards Payment	Car Payment per Month
	$12,141	$1700	$200
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Hyundai Cars for Under $200 Calendar month

2012 Hyundai Accent	Cost	Down Payment	Car Payment per Month
	$12,753	$2400	$199
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Kia Monthly Car Payment Under $200

2012 Kia Rio	Price	Down Payment	Auto Payment per Month
	$13,501	$2900	$205
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New Ford Cars for Less than $200 a Month

2012 Ford Fiesta	Price	Downwardly Payment	Automobile Payment per Month
	$thirteen,522	$2900	$205
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2012 Chevy Cars for $200 per Calendar month

2012 Chevy Sonic	Cost	Downward Payment	Car Payment per Calendar month
	$14,276	$3800	$203
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Making it happen

To go this cheap monthly payment, you need to understand the different factors that determine your payment. To go a low payment, yous manifestly are limited to the cheapest new machine deals in the nation.

Information technology's besides very of import what kind of car financing you get. First off, to authorize for low involvement rates, which are critical in getting a low payment per month, you demand to take good credit. Extending the length of the loan to 60 months or fifty-fifty longer volition price you more interest in the long run, but it will lower your monthly payment.

You also need to put as big of a down payment as y'all can. Bigger downwardly payments hateful you are borrowing less money, and so you have less to pay dorsum. This is the easiest and maybe most important manner to lower your monthly payment, since y'all may non be able to command what rates or loan length you can get.

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