$37,000 Car Loan

What's the monthly payment on a $37,000 car?
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Monthly payment = $672
Total yearly payments = $8,060
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $642
3.0% $655
4.0% $668
5.0% $682
6.0% $695
7.0% $709
8.0% $723
9.0% $737
10.0% $751
Payments by Amount Down
Down Monthly Payment
$0 $840
$2,000 $794
$5,000 $726
$8,000 $658
$10,000 $613
$15,000 $499
Payments by Loan Length
Length Payment
24 months $1,289
36 months $877
48 months $672
60 months $548
72 months $466
84 months $408

Can I afford a $37,000 car?

Is your salary enough to buy a $37,000 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 $37,000 vehicle, this would mean saving up $7,400.
  • 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 $37,000, you would need to make at least $92,500 per year.