$2,100 Car Loan

What's the monthly payment on a $2,100 car?
$
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%
Monthly payment = $38
Total yearly payments = $457
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $36
3.0% $37
4.0% $38
5.0% $39
6.0% $39
7.0% $40
8.0% $41
9.0% $42
10.0% $43
Payments by Amount Down
Down Monthly Payment
$0 $48
$200 $43
$400 $39
$800 $29
$1,200 $20
$2,000 $2
Payments by Loan Length
Length Payment
24 months $73
36 months $50
48 months $38
60 months $31
72 months $26
84 months $23

Can I afford a $2,100 car?

Is your salary enough to buy a $2,100 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 $2,100 vehicle, this would mean saving up $420.
  • 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 $2,100, you would need to make at least $5,250 per year.