What should I expect my car payment to be on a Prius that costs $20,000?

I want to buy a used Prius, but I'm not sure what my car payment will be. I have a credit score of 790 and virtually no debt, and I would like to do 60 months. What should I expect to pay?

Answer provided by
Eric Schad
Answered on May 05, 2021
“Shopping around will do you a great service, as you can try to find the best rate.
That said, you should expect to pay an APR of around three percent or four percent, but you might be able to find an even lower rate.
For 60 months, you’re looking at monthly payments of $359 to $368 at the rates mentioned above.
And while you’re budgeting, remember that you will need full-coverage car insurance on a financed car. Make sure to check out Jerry to find the best rates for your insurance.”

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