$37,800 Car Loan

What's the monthly payment on a $37,800 car?
$
$
%
Monthly payment = $686
Total yearly payments = $8,234
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $656
3.0% $669
4.0% $683
5.0% $696
6.0% $710
7.0% $724
8.0% $738
9.0% $753
10.0% $767
Payments by Amount Down
Down Monthly Payment
$0 $858
$2,000 $812
$5,000 $744
$8,000 $676
$10,000 $631
$15,000 $517
Payments by Loan Length
Length Payment
24 months $1,317
36 months $896
48 months $686
60 months $560
72 months $477
84 months $417

Can I afford a $37,800 car?

Is your salary enough to buy a $37,800 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 $37,800 vehicle, this would mean saving up $7,560.
  • 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 $37,800, you would need to make at least $94,500 per year.