$5,200 Car Loan

What's the monthly payment on a $5,200 car?
$
$
%
Monthly payment = $94
Total yearly payments = $1,133
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $90
3.0% $92
4.0% $94
5.0% $96
6.0% $98
7.0% $100
8.0% $102
9.0% $104
10.0% $106
Payments by Amount Down
Down Monthly Payment
$0 $118
$500 $107
$1,000 $95
$1,500 $84
$2,000 $73
$2,500 $61
Payments by Loan Length
Length Payment
24 months $181
36 months $123
48 months $94
60 months $77
72 months $66
84 months $57

Can I afford a $5,200 car?

Is your salary enough to buy a $5,200 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 $5,200 vehicle, this would mean saving up $1,040.
  • 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 $5,200, you would need to make at least $13,000 per year.