$45,500 Car Loan

What's the monthly payment on a $45,500 car?
$
$
%
Monthly payment = $826
Total yearly payments = $9,911
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $790
3.0% $806
4.0% $822
5.0% $838
6.0% $855
7.0% $872
8.0% $889
9.0% $906
10.0% $923
Payments by Amount Down
Down Monthly Payment
$0 $1,032
$2,000 $987
$5,000 $919
$8,000 $851
$10,000 $806
$15,000 $692
Payments by Loan Length
Length Payment
24 months $1,585
36 months $1,079
48 months $826
60 months $674
72 months $574
84 months $502

Can I afford a $45,500 car?

Is your salary enough to buy a $45,500 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 $45,500 vehicle, this would mean saving up $9,100.
  • 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 $45,500, you would need to make at least $113,750 per year.