$43,400 Car Loan

What's the monthly payment on a $43,400 car?
$
$
%
Monthly payment = $788
Total yearly payments = $9,454
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $753
3.0% $769
4.0% $784
5.0% $800
6.0% $815
7.0% $831
8.0% $848
9.0% $864
10.0% $881
Payments by Amount Down
Down Monthly Payment
$0 $985
$2,000 $939
$5,000 $871
$8,000 $803
$10,000 $758
$15,000 $644
Payments by Loan Length
Length Payment
24 months $1,512
36 months $1,029
48 months $788
60 months $643
72 months $547
84 months $479

Can I afford a $43,400 car?

Is your salary enough to buy a $43,400 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 $43,400 vehicle, this would mean saving up $8,680.
  • 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 $43,400, you would need to make at least $108,500 per year.