$35,000 Car Loan

What's the monthly payment on a $35,000 car?
$
$
%
Monthly payment = $635
Total yearly payments = $7,624
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $607
3.0% $620
4.0% $632
5.0% $645
6.0% $658
7.0% $670
8.0% $684
9.0% $697
10.0% $710
Payments by Amount Down
Down Monthly Payment
$0 $794
$2,000 $749
$5,000 $681
$8,000 $613
$10,000 $567
$15,000 $454
Payments by Loan Length
Length Payment
24 months $1,219
36 months $830
48 months $635
60 months $519
72 months $441
84 months $386

Can I afford a $35,000 car?

Is your salary enough to buy a $35,000 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 $35,000 vehicle, this would mean saving up $7,000.
  • 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 $35,000, you would need to make at least $87,500 per year.