$37,300 Car Loan

What's the monthly payment on a $37,300 car?
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$
%
Monthly payment = $677
Total yearly payments = $8,125
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $647
3.0% $660
4.0% $674
5.0% $687
6.0% $701
7.0% $715
8.0% $728
9.0% $743
10.0% $757
Payments by Amount Down
Down Monthly Payment
$0 $846
$2,000 $801
$5,000 $733
$8,000 $665
$10,000 $619
$15,000 $506
Payments by Loan Length
Length Payment
24 months $1,299
36 months $884
48 months $677
60 months $553
72 months $470
84 months $411

Can I afford a $37,300 car?

Is your salary enough to buy a $37,300 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 $37,300 vehicle, this would mean saving up $7,460.
  • 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 $37,300, you would need to make at least $93,250 per year.