$46,400 Car Loan

What's the monthly payment on a $46,400 car?
$
$
%
Monthly payment = $842
Total yearly payments = $10,108
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $805
3.0% $822
4.0% $838
5.0% $855
6.0% $872
7.0% $889
8.0% $906
9.0% $924
10.0% $941
Payments by Amount Down
Down Monthly Payment
$0 $1,053
$2,000 $1,007
$5,000 $939
$8,000 $871
$10,000 $826
$15,000 $713
Payments by Loan Length
Length Payment
24 months $1,616
36 months $1,100
48 months $842
60 months $688
72 months $585
84 months $512

Can I afford a $46,400 car?

Is your salary enough to buy a $46,400 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 $46,400 vehicle, this would mean saving up $9,280.
  • 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 $46,400, you would need to make at least $116,000 per year.