$46,600 Car Loan

What's the monthly payment on a $46,600 car?
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$
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Monthly payment = $846
Total yearly payments = $10,151
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $809
3.0% $825
4.0% $842
5.0% $859
6.0% $876
7.0% $893
8.0% $910
9.0% $928
10.0% $946
Payments by Amount Down
Down Monthly Payment
$0 $1,057
$2,000 $1,012
$5,000 $944
$8,000 $876
$10,000 $830
$15,000 $717
Payments by Loan Length
Length Payment
24 months $1,623
36 months $1,105
48 months $846
60 months $691
72 months $588
84 months $514

Can I afford a $46,600 car?

Is your salary enough to buy a $46,600 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 $46,600 vehicle, this would mean saving up $9,320.
  • 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 $46,600, you would need to make at least $116,500 per year.