$46,300 Car Loan

What's the monthly payment on a $46,300 car?
$
$
%
Monthly payment = $840
Total yearly payments = $10,086
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $804
3.0% $820
4.0% $836
5.0% $853
6.0% $870
7.0% $887
8.0% $904
9.0% $922
10.0% $939
Payments by Amount Down
Down Monthly Payment
$0 $1,051
$2,000 $1,005
$5,000 $937
$8,000 $869
$10,000 $824
$15,000 $710
Payments by Loan Length
Length Payment
24 months $1,613
36 months $1,098
48 months $840
60 months $686
72 months $584
84 months $511

Can I afford a $46,300 car?

Is your salary enough to buy a $46,300 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 $46,300 vehicle, this would mean saving up $9,260.
  • 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 $46,300, you would need to make at least $115,750 per year.