$35,500 Car Loan

What's the monthly payment on a $35,500 car?
$
$
%
Monthly payment = $644
Total yearly payments = $7,733
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $616
3.0% $629
4.0% $641
5.0% $654
6.0% $667
7.0% $680
8.0% $693
9.0% $707
10.0% $720
Payments by Amount Down
Down Monthly Payment
$0 $806
$2,000 $760
$5,000 $692
$8,000 $624
$10,000 $579
$15,000 $465
Payments by Loan Length
Length Payment
24 months $1,236
36 months $842
48 months $644
60 months $526
72 months $448
84 months $391

Can I afford a $35,500 car?

Is your salary enough to buy a $35,500 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 $35,500 vehicle, this would mean saving up $7,100.
  • 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 $35,500, you would need to make at least $88,750 per year.