$21,100 Car Loan

What's the monthly payment on a $21,100 car?
$
$
%
Monthly payment = $383
Total yearly payments = $4,596
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $366
3.0% $374
4.0% $381
5.0% $389
6.0% $396
7.0% $404
8.0% $412
9.0% $420
10.0% $428
Payments by Amount Down
Down Monthly Payment
$0 $479
$1,000 $456
$2,500 $422
$5,000 $365
$7,500 $309
$10,000 $252
Payments by Loan Length
Length Payment
24 months $735
36 months $500
48 months $383
60 months $313
72 months $266
84 months $233

Can I afford a $21,100 car?

Is your salary enough to buy a $21,100 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 $21,100 vehicle, this would mean saving up $4,220.
  • 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 $21,100, you would need to make at least $52,750 per year.