$44,800 Car Loan

What's the monthly payment on a $44,800 car?
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%
Monthly payment = $813
Total yearly payments = $9,759
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $778
3.0% $793
4.0% $809
5.0% $825
6.0% $842
7.0% $858
8.0% $875
9.0% $892
10.0% $909
Payments by Amount Down
Down Monthly Payment
$0 $1,017
$2,000 $971
$5,000 $903
$8,000 $835
$10,000 $790
$15,000 $676
Payments by Loan Length
Length Payment
24 months $1,560
36 months $1,062
48 months $813
60 months $664
72 months $565
84 months $494

Can I afford a $44,800 car?

Is your salary enough to buy a $44,800 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 $44,800 vehicle, this would mean saving up $8,960.
  • 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 $44,800, you would need to make at least $112,000 per year.