$42,900 Car Loan

What's the monthly payment on a $42,900 car?
$
$
%
Monthly payment = $779
Total yearly payments = $9,345
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $745
3.0% $760
4.0% $775
5.0% $790
6.0% $806
7.0% $822
8.0% $838
9.0% $854
10.0% $870
Payments by Amount Down
Down Monthly Payment
$0 $973
$2,000 $928
$5,000 $860
$8,000 $792
$10,000 $747
$15,000 $633
Payments by Loan Length
Length Payment
24 months $1,494
36 months $1,017
48 months $779
60 months $636
72 months $541
84 months $473

Can I afford a $42,900 car?

Is your salary enough to buy a $42,900 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 $42,900 vehicle, this would mean saving up $8,580.
  • 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 $42,900, you would need to make at least $107,250 per year.