$45,300 Car Loan

What's the monthly payment on a $45,300 car?
$
$
%
Monthly payment = $822
Total yearly payments = $9,868
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $786
3.0% $802
4.0% $818
5.0% $835
6.0% $851
7.0% $868
8.0% $885
9.0% $902
10.0% $919
Payments by Amount Down
Down Monthly Payment
$0 $1,028
$2,000 $983
$5,000 $914
$8,000 $846
$10,000 $801
$15,000 $688
Payments by Loan Length
Length Payment
24 months $1,578
36 months $1,074
48 months $822
60 months $672
72 months $571
84 months $500

Can I afford a $45,300 car?

Is your salary enough to buy a $45,300 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 $45,300 vehicle, this would mean saving up $9,060.
  • 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 $45,300, you would need to make at least $113,250 per year.