$37,900 Car Loan

What's the monthly payment on a $37,900 car?
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$
%
Monthly payment = $688
Total yearly payments = $8,256
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $658
3.0% $671
4.0% $685
5.0% $698
6.0% $712
7.0% $726
8.0% $740
9.0% $755
10.0% $769
Payments by Amount Down
Down Monthly Payment
$0 $860
$2,000 $815
$5,000 $747
$8,000 $678
$10,000 $633
$15,000 $520
Payments by Loan Length
Length Payment
24 months $1,320
36 months $899
48 months $688
60 months $562
72 months $478
84 months $418

Can I afford a $37,900 car?

Is your salary enough to buy a $37,900 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 $37,900 vehicle, this would mean saving up $7,580.
  • 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 $37,900, you would need to make at least $94,750 per year.