$37,400 Car Loan

What's the monthly payment on a $37,400 car?
$
$
%
Monthly payment = $679
Total yearly payments = $8,147
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $649
3.0% $662
4.0% $676
5.0% $689
6.0% $703
7.0% $716
8.0% $730
9.0% $745
10.0% $759
Payments by Amount Down
Down Monthly Payment
$0 $849
$2,000 $803
$5,000 $735
$8,000 $667
$10,000 $622
$15,000 $508
Payments by Loan Length
Length Payment
24 months $1,303
36 months $887
48 months $679
60 months $554
72 months $472
84 months $412

Can I afford a $37,400 car?

Is your salary enough to buy a $37,400 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 $37,400 vehicle, this would mean saving up $7,480.
  • 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 $37,400, you would need to make at least $93,500 per year.