$33,500 Car Loan

What's the monthly payment on a $33,500 car?
$
$
%
Monthly payment = $608
Total yearly payments = $7,297
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $581
3.0% $593
4.0% $605
5.0% $617
6.0% $629
7.0% $642
8.0% $654
9.0% $667
10.0% $680
Payments by Amount Down
Down Monthly Payment
$0 $760
$2,000 $715
$5,000 $647
$8,000 $579
$10,000 $533
$15,000 $420
Payments by Loan Length
Length Payment
24 months $1,167
36 months $794
48 months $608
60 months $497
72 months $422
84 months $369

Can I afford a $33,500 car?

Is your salary enough to buy a $33,500 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 $33,500 vehicle, this would mean saving up $6,700.
  • 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 $33,500, you would need to make at least $83,750 per year.