$41,900 Car Loan

What's the monthly payment on a $41,900 car?
$
$
%
Monthly payment = $761
Total yearly payments = $9,127
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $727
3.0% $742
4.0% $757
5.0% $772
6.0% $787
7.0% $803
8.0% $818
9.0% $834
10.0% $850
Payments by Amount Down
Down Monthly Payment
$0 $951
$2,000 $905
$5,000 $837
$8,000 $769
$10,000 $724
$15,000 $610
Payments by Loan Length
Length Payment
24 months $1,459
36 months $993
48 months $761
60 months $621
72 months $528
84 months $462

Can I afford a $41,900 car?

Is your salary enough to buy a $41,900 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 $41,900 vehicle, this would mean saving up $8,380.
  • 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 $41,900, you would need to make at least $104,750 per year.