$4,600 Car Loan

What's the monthly payment on a $4,600 car?
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%
Monthly payment = $84
Total yearly payments = $1,002
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $80
3.0% $81
4.0% $83
5.0% $85
6.0% $86
7.0% $88
8.0% $90
9.0% $92
10.0% $93
Payments by Amount Down
Down Monthly Payment
$0 $104
$500 $93
$1,000 $82
$1,500 $70
$2,000 $59
$2,500 $48
Payments by Loan Length
Length Payment
24 months $160
36 months $109
48 months $84
60 months $68
72 months $58
84 months $51

Can I afford a $4,600 car?

Is your salary enough to buy a $4,600 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 $4,600 vehicle, this would mean saving up $920.
  • 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 $4,600, you would need to make at least $11,500 per year.