$45,400 Car Loan

What's the monthly payment on a $45,400 car?
$
$
%
Monthly payment = $824
Total yearly payments = $9,890
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $788
3.0% $804
4.0% $820
5.0% $836
6.0% $853
7.0% $870
8.0% $887
9.0% $904
10.0% $921
Payments by Amount Down
Down Monthly Payment
$0 $1,030
$2,000 $985
$5,000 $917
$8,000 $849
$10,000 $803
$15,000 $690
Payments by Loan Length
Length Payment
24 months $1,581
36 months $1,076
48 months $824
60 months $673
72 months $572
84 months $501

Can I afford a $45,400 car?

Is your salary enough to buy a $45,400 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 $45,400 vehicle, this would mean saving up $9,080.
  • 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 $45,400, you would need to make at least $113,500 per year.