$36,800 Car Loan

What's the monthly payment on a $36,800 car?
$
$
%
Monthly payment = $668
Total yearly payments = $8,016
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $639
3.0% $652
4.0% $665
5.0% $678
6.0% $691
7.0% $705
8.0% $719
9.0% $733
10.0% $747
Payments by Amount Down
Down Monthly Payment
$0 $835
$2,000 $790
$5,000 $722
$8,000 $654
$10,000 $608
$15,000 $495
Payments by Loan Length
Length Payment
24 months $1,282
36 months $872
48 months $668
60 months $546
72 months $464
84 months $406

Can I afford a $36,800 car?

Is your salary enough to buy a $36,800 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 $36,800 vehicle, this would mean saving up $7,360.
  • 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 $36,800, you would need to make at least $92,000 per year.