$37,100 Car Loan

What's the monthly payment on a $37,100 car?
$
$
%
Monthly payment = $673
Total yearly payments = $8,082
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $644
3.0% $657
4.0% $670
5.0% $684
6.0% $697
7.0% $711
8.0% $725
9.0% $739
10.0% $753
Payments by Amount Down
Down Monthly Payment
$0 $842
$2,000 $796
$5,000 $728
$8,000 $660
$10,000 $615
$15,000 $501
Payments by Loan Length
Length Payment
24 months $1,292
36 months $880
48 months $673
60 months $550
72 months $468
84 months $409

Can I afford a $37,100 car?

Is your salary enough to buy a $37,100 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 $37,100 vehicle, this would mean saving up $7,420.
  • 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 $37,100, you would need to make at least $92,750 per year.