$37,700 Car Loan

What's the monthly payment on a $37,700 car?
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%
Monthly payment = $684
Total yearly payments = $8,212
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $654
3.0% $668
4.0% $681
5.0% $695
6.0% $708
7.0% $722
8.0% $736
9.0% $751
10.0% $765
Payments by Amount Down
Down Monthly Payment
$0 $855
$2,000 $810
$5,000 $742
$8,000 $674
$10,000 $629
$15,000 $515
Payments by Loan Length
Length Payment
24 months $1,313
36 months $894
48 months $684
60 months $559
72 months $475
84 months $416

Can I afford a $37,700 car?

Is your salary enough to buy a $37,700 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 $37,700 vehicle, this would mean saving up $7,540.
  • 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 $37,700, you would need to make at least $94,250 per year.