$6,100 Car Loan

What's the monthly payment on a $6,100 car?
$
$
%
Monthly payment = $111
Total yearly payments = $1,329
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $106
3.0% $108
4.0% $110
5.0% $112
6.0% $115
7.0% $117
8.0% $119
9.0% $121
10.0% $124
Payments by Amount Down
Down Monthly Payment
$0 $138
$500 $127
$1,000 $116
$1,500 $104
$2,000 $93
$2,500 $82
Payments by Loan Length
Length Payment
24 months $212
36 months $145
48 months $111
60 months $90
72 months $77
84 months $67

Can I afford a $6,100 car?

Is your salary enough to buy a $6,100 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 $6,100 vehicle, this would mean saving up $1,220.
  • 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 $6,100, you would need to make at least $15,250 per year.