$41,000 Car Loan

What's the monthly payment on a $41,000 car?
$
$
%
Monthly payment = $744
Total yearly payments = $8,931
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $712
3.0% $726
4.0% $741
5.0% $755
6.0% $770
7.0% $785
8.0% $801
9.0% $816
10.0% $832
Payments by Amount Down
Down Monthly Payment
$0 $930
$2,000 $885
$5,000 $817
$8,000 $749
$10,000 $703
$15,000 $590
Payments by Loan Length
Length Payment
24 months $1,428
36 months $972
48 months $744
60 months $608
72 months $517
84 months $452

Can I afford a $41,000 car?

Is your salary enough to buy a $41,000 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 $41,000 vehicle, this would mean saving up $8,200.
  • 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 $41,000, you would need to make at least $102,500 per year.