$4,200 Car Loan

What's the monthly payment on a $4,200 car?
$
$
%
Monthly payment = $76
Total yearly payments = $915
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $73
3.0% $74
4.0% $76
5.0% $77
6.0% $79
7.0% $80
8.0% $82
9.0% $84
10.0% $85
Payments by Amount Down
Down Monthly Payment
$0 $95
$500 $84
$1,000 $73
$1,500 $61
$2,000 $50
$2,500 $39
Payments by Loan Length
Length Payment
24 months $146
36 months $100
48 months $76
60 months $62
72 months $53
84 months $46

Can I afford a $4,200 car?

Is your salary enough to buy a $4,200 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 $4,200 vehicle, this would mean saving up $840.
  • 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 $4,200, you would need to make at least $10,500 per year.