$41,300 Car Loan

What's the monthly payment on a $41,300 car?
$
$
%
Monthly payment = $750
Total yearly payments = $8,997
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $717
3.0% $731
4.0% $746
5.0% $761
6.0% $776
7.0% $791
8.0% $807
9.0% $822
10.0% $838
Payments by Amount Down
Down Monthly Payment
$0 $937
$2,000 $892
$5,000 $824
$8,000 $756
$10,000 $710
$15,000 $597
Payments by Loan Length
Length Payment
24 months $1,438
36 months $979
48 months $750
60 months $612
72 months $521
84 months $455

Can I afford a $41,300 car?

Is your salary enough to buy a $41,300 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 $41,300 vehicle, this would mean saving up $8,260.
  • 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 $41,300, you would need to make at least $103,250 per year.