$43,500 Car Loan

What's the monthly payment on a $43,500 car?
$
$
%
Monthly payment = $790
Total yearly payments = $9,476
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $755
3.0% $770
4.0% $786
5.0% $801
6.0% $817
7.0% $833
8.0% $850
9.0% $866
10.0% $883
Payments by Amount Down
Down Monthly Payment
$0 $987
$2,000 $942
$5,000 $874
$8,000 $806
$10,000 $760
$15,000 $647
Payments by Loan Length
Length Payment
24 months $1,515
36 months $1,031
48 months $790
60 months $645
72 months $548
84 months $480

Can I afford a $43,500 car?

Is your salary enough to buy a $43,500 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 $43,500 vehicle, this would mean saving up $8,700.
  • 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 $43,500, you would need to make at least $108,750 per year.