$36,700 Car Loan

What's the monthly payment on a $36,700 car?
$
$
%
Monthly payment = $666
Total yearly payments = $7,995
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $637
3.0% $650
4.0% $663
5.0% $676
6.0% $690
7.0% $703
8.0% $717
9.0% $731
10.0% $745
Payments by Amount Down
Down Monthly Payment
$0 $833
$2,000 $787
$5,000 $719
$8,000 $651
$10,000 $606
$15,000 $492
Payments by Loan Length
Length Payment
24 months $1,278
36 months $870
48 months $666
60 months $544
72 months $463
84 months $405

Can I afford a $36,700 car?

Is your salary enough to buy a $36,700 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 $36,700 vehicle, this would mean saving up $7,340.
  • 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 $36,700, you would need to make at least $91,750 per year.