$42,300 Car Loan

What's the monthly payment on a $42,300 car?
$
$
%
Monthly payment = $768
Total yearly payments = $9,214
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $734
3.0% $749
4.0% $764
5.0% $779
6.0% $795
7.0% $810
8.0% $826
9.0% $842
10.0% $858
Payments by Amount Down
Down Monthly Payment
$0 $960
$2,000 $914
$5,000 $846
$8,000 $778
$10,000 $733
$15,000 $619
Payments by Loan Length
Length Payment
24 months $1,473
36 months $1,003
48 months $768
60 months $627
72 months $533
84 months $466

Can I afford a $42,300 car?

Is your salary enough to buy a $42,300 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 $42,300 vehicle, this would mean saving up $8,460.
  • 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 $42,300, you would need to make at least $105,750 per year.