$42,600 Car Loan

What's the monthly payment on a $42,600 car?
$
$
%
Monthly payment = $773
Total yearly payments = $9,280
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $739
3.0% $754
4.0% $769
5.0% $785
6.0% $800
7.0% $816
8.0% $832
9.0% $848
10.0% $864
Payments by Amount Down
Down Monthly Payment
$0 $967
$2,000 $921
$5,000 $853
$8,000 $785
$10,000 $740
$15,000 $626
Payments by Loan Length
Length Payment
24 months $1,484
36 months $1,010
48 months $773
60 months $631
72 months $537
84 months $470

Can I afford a $42,600 car?

Is your salary enough to buy a $42,600 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 $42,600 vehicle, this would mean saving up $8,520.
  • 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 $42,600, you would need to make at least $106,500 per year.