$41,400 Car Loan

What's the monthly payment on a $41,400 car?
$
$
%
Monthly payment = $752
Total yearly payments = $9,018
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $719
3.0% $733
4.0% $748
5.0% $763
6.0% $778
7.0% $793
8.0% $809
9.0% $824
10.0% $840
Payments by Amount Down
Down Monthly Payment
$0 $939
$2,000 $894
$5,000 $826
$8,000 $758
$10,000 $713
$15,000 $599
Payments by Loan Length
Length Payment
24 months $1,442
36 months $982
48 months $752
60 months $614
72 months $522
84 months $457

Can I afford a $41,400 car?

Is your salary enough to buy a $41,400 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 $41,400 vehicle, this would mean saving up $8,280.
  • 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 $41,400, you would need to make at least $103,500 per year.