$37,600 Car Loan

What's the monthly payment on a $37,600 car?
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Monthly payment = $683
Total yearly payments = $8,191
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $653
3.0% $666
4.0% $679
5.0% $693
6.0% $706
7.0% $720
8.0% $734
9.0% $749
10.0% $763
Payments by Amount Down
Down Monthly Payment
$0 $853
$2,000 $808
$5,000 $740
$8,000 $672
$10,000 $626
$15,000 $513
Payments by Loan Length
Length Payment
24 months $1,310
36 months $891
48 months $683
60 months $557
72 months $474
84 months $415

Can I afford a $37,600 car?

Is your salary enough to buy a $37,600 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 $37,600 vehicle, this would mean saving up $7,520.
  • 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 $37,600, you would need to make at least $94,000 per year.