$41,700 Car Loan

What's the monthly payment on a $41,700 car?
$
$
%
Monthly payment = $757
Total yearly payments = $9,084
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $724
3.0% $738
4.0% $753
5.0% $768
6.0% $783
7.0% $799
8.0% $814
9.0% $830
10.0% $846
Payments by Amount Down
Down Monthly Payment
$0 $946
$2,000 $901
$5,000 $833
$8,000 $765
$10,000 $719
$15,000 $606
Payments by Loan Length
Length Payment
24 months $1,452
36 months $989
48 months $757
60 months $618
72 months $526
84 months $460

Can I afford a $41,700 car?

Is your salary enough to buy a $41,700 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 $41,700 vehicle, this would mean saving up $8,340.
  • 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 $41,700, you would need to make at least $104,250 per year.