$39,000 Car Loan

What's the monthly payment on a $39,000 car?
$
$
%
Monthly payment = $708
Total yearly payments = $8,496
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $677
3.0% $691
4.0% $704
5.0% $719
6.0% $733
7.0% $747
8.0% $762
9.0% $776
10.0% $791
Payments by Amount Down
Down Monthly Payment
$0 $885
$2,000 $840
$5,000 $771
$8,000 $703
$10,000 $658
$15,000 $545
Payments by Loan Length
Length Payment
24 months $1,358
36 months $925
48 months $708
60 months $578
72 months $492
84 months $430

Can I afford a $39,000 car?

Is your salary enough to buy a $39,000 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 $39,000 vehicle, this would mean saving up $7,800.
  • 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 $39,000, you would need to make at least $97,500 per year.