$44,700 Car Loan

What's the monthly payment on a $44,700 car?
$
$
%
Monthly payment = $811
Total yearly payments = $9,737
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $776
3.0% $792
4.0% $807
5.0% $824
6.0% $840
7.0% $856
8.0% $873
9.0% $890
10.0% $907
Payments by Amount Down
Down Monthly Payment
$0 $1,014
$2,000 $969
$5,000 $901
$8,000 $833
$10,000 $787
$15,000 $674
Payments by Loan Length
Length Payment
24 months $1,557
36 months $1,060
48 months $811
60 months $663
72 months $564
84 months $493

Can I afford a $44,700 car?

Is your salary enough to buy a $44,700 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 $44,700 vehicle, this would mean saving up $8,940.
  • 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 $44,700, you would need to make at least $111,750 per year.