$43,700 Car Loan

What's the monthly payment on a $43,700 car?
$
$
%
Monthly payment = $793
Total yearly payments = $9,519
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $758
3.0% $774
4.0% $789
5.0% $805
6.0% $821
7.0% $837
8.0% $853
9.0% $870
10.0% $887
Payments by Amount Down
Down Monthly Payment
$0 $992
$2,000 $946
$5,000 $878
$8,000 $810
$10,000 $765
$15,000 $651
Payments by Loan Length
Length Payment
24 months $1,522
36 months $1,036
48 months $793
60 months $648
72 months $551
84 months $482

Can I afford a $43,700 car?

Is your salary enough to buy a $43,700 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 $43,700 vehicle, this would mean saving up $8,740.
  • 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 $43,700, you would need to make at least $109,250 per year.