$5,700 Car Loan

What's the monthly payment on a $5,700 car?
$
$
%
Monthly payment = $103
Total yearly payments = $1,242
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $99
3.0% $101
4.0% $103
5.0% $105
6.0% $107
7.0% $109
8.0% $111
9.0% $113
10.0% $116
Payments by Amount Down
Down Monthly Payment
$0 $129
$500 $118
$1,000 $107
$1,500 $95
$2,000 $84
$2,500 $73
Payments by Loan Length
Length Payment
24 months $199
36 months $135
48 months $103
60 months $84
72 months $72
84 months $63

Can I afford a $5,700 car?

Is your salary enough to buy a $5,700 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 $5,700 vehicle, this would mean saving up $1,140.
  • 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 $5,700, you would need to make at least $14,250 per year.