$45,700 Car Loan

What's the monthly payment on a $45,700 car?
$
$
%
Monthly payment = $830
Total yearly payments = $9,955
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $793
3.0% $809
4.0% $825
5.0% $842
6.0% $859
7.0% $875
8.0% $893
9.0% $910
10.0% $927
Payments by Amount Down
Down Monthly Payment
$0 $1,037
$2,000 $992
$5,000 $924
$8,000 $855
$10,000 $810
$15,000 $697
Payments by Loan Length
Length Payment
24 months $1,592
36 months $1,083
48 months $830
60 months $677
72 months $576
84 months $504

Can I afford a $45,700 car?

Is your salary enough to buy a $45,700 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 $45,700 vehicle, this would mean saving up $9,140.
  • 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 $45,700, you would need to make at least $114,250 per year.