$2,500 Car Loan

What's the monthly payment on a $2,500 car?
$
$
%
Monthly payment = $45
Total yearly payments = $545
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $43
3.0% $44
4.0% $45
5.0% $46
6.0% $47
7.0% $48
8.0% $49
9.0% $50
10.0% $51
Payments by Amount Down
Down Monthly Payment
$0 $57
$200 $52
$400 $48
$800 $39
$1,200 $29
$2,000 $11
Payments by Loan Length
Length Payment
24 months $87
36 months $59
48 months $45
60 months $37
72 months $32
84 months $28

Can I afford a $2,500 car?

Is your salary enough to buy a $2,500 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 $2,500 vehicle, this would mean saving up $500.
  • 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 $2,500, you would need to make at least $6,250 per year.