$36,000 Car Loan

What's the monthly payment on a $36,000 car?
$
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%
Monthly payment = $654
Total yearly payments = $7,842
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $625
3.0% $637
4.0% $650
5.0% $663
6.0% $676
7.0% $690
8.0% $703
9.0% $717
10.0% $730
Payments by Amount Down
Down Monthly Payment
$0 $817
$2,000 $771
$5,000 $703
$8,000 $635
$10,000 $590
$15,000 $477
Payments by Loan Length
Length Payment
24 months $1,254
36 months $853
48 months $654
60 months $534
72 months $454
84 months $397

Can I afford a $36,000 car?

Is your salary enough to buy a $36,000 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 $36,000 vehicle, this would mean saving up $7,200.
  • 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 $36,000, you would need to make at least $90,000 per year.