$43,000 Car Loan

What's the monthly payment on a $43,000 car?
$
$
%
Monthly payment = $781
Total yearly payments = $9,367
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $746
3.0% $761
4.0% $777
5.0% $792
6.0% $808
7.0% $824
8.0% $840
9.0% $856
10.0% $872
Payments by Amount Down
Down Monthly Payment
$0 $976
$2,000 $930
$5,000 $862
$8,000 $794
$10,000 $749
$15,000 $635
Payments by Loan Length
Length Payment
24 months $1,498
36 months $1,019
48 months $781
60 months $637
72 months $542
84 months $474

Can I afford a $43,000 car?

Is your salary enough to buy a $43,000 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 $43,000 vehicle, this would mean saving up $8,600.
  • 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 $43,000, you would need to make at least $107,500 per year.