$3,700 Car Loan

What's the monthly payment on a $3,700 car?
$
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%
Monthly payment = $67
Total yearly payments = $806
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $64
3.0% $66
4.0% $67
5.0% $68
6.0% $70
7.0% $71
8.0% $72
9.0% $74
10.0% $75
Payments by Amount Down
Down Monthly Payment
$0 $84
$200 $79
$400 $75
$800 $66
$1,200 $57
$2,000 $39
Payments by Loan Length
Length Payment
24 months $129
36 months $88
48 months $67
60 months $55
72 months $47
84 months $41

Can I afford a $3,700 car?

Is your salary enough to buy a $3,700 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 $3,700 vehicle, this would mean saving up $740.
  • 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 $3,700, you would need to make at least $9,250 per year.