$44,500 Car Loan

What's the monthly payment on a $44,500 car?
$
$
%
Monthly payment = $808
Total yearly payments = $9,694
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $772
3.0% $788
4.0% $804
5.0% $820
6.0% $836
7.0% $852
8.0% $869
9.0% $886
10.0% $903
Payments by Amount Down
Down Monthly Payment
$0 $1,010
$2,000 $964
$5,000 $896
$8,000 $828
$10,000 $783
$15,000 $669
Payments by Loan Length
Length Payment
24 months $1,550
36 months $1,055
48 months $808
60 months $660
72 months $561
84 months $491

Can I afford a $44,500 car?

Is your salary enough to buy a $44,500 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 $44,500 vehicle, this would mean saving up $8,900.
  • 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 $44,500, you would need to make at least $111,250 per year.