$4,300 Car Loan

What's the monthly payment on a $4,300 car?
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%
Monthly payment = $78
Total yearly payments = $937
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $75
3.0% $76
4.0% $78
5.0% $79
6.0% $81
7.0% $82
8.0% $84
9.0% $86
10.0% $87
Payments by Amount Down
Down Monthly Payment
$0 $98
$500 $86
$1,000 $75
$1,500 $64
$2,000 $52
$2,500 $41
Payments by Loan Length
Length Payment
24 months $150
36 months $102
48 months $78
60 months $64
72 months $54
84 months $47

Can I afford a $4,300 car?

Is your salary enough to buy a $4,300 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 $4,300 vehicle, this would mean saving up $860.
  • 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 $4,300, you would need to make at least $10,750 per year.