$5,100 Car Loan

What's the monthly payment on a $5,100 car?
$
$
%
Monthly payment = $93
Total yearly payments = $1,111
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $89
3.0% $90
4.0% $92
5.0% $94
6.0% $96
7.0% $98
8.0% $100
9.0% $102
10.0% $103
Payments by Amount Down
Down Monthly Payment
$0 $116
$500 $104
$1,000 $93
$1,500 $82
$2,000 $70
$2,500 $59
Payments by Loan Length
Length Payment
24 months $178
36 months $121
48 months $93
60 months $76
72 months $64
84 months $56

Can I afford a $5,100 car?

Is your salary enough to buy a $5,100 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 $5,100 vehicle, this would mean saving up $1,020.
  • 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 $5,100, you would need to make at least $12,750 per year.