$4,100 Car Loan

What's the monthly payment on a $4,100 car?
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%
Monthly payment = $74
Total yearly payments = $893
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $71
3.0% $73
4.0% $74
5.0% $76
6.0% $77
7.0% $79
8.0% $80
9.0% $82
10.0% $83
Payments by Amount Down
Down Monthly Payment
$0 $93
$500 $82
$1,000 $70
$1,500 $59
$2,000 $48
$2,500 $36
Payments by Loan Length
Length Payment
24 months $143
36 months $97
48 months $74
60 months $61
72 months $52
84 months $45

Can I afford a $4,100 car?

Is your salary enough to buy a $4,100 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 $4,100 vehicle, this would mean saving up $820.
  • 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 $4,100, you would need to make at least $10,250 per year.