$46,700 Car Loan

What's the monthly payment on a $46,700 car?
$
$
%
Monthly payment = $848
Total yearly payments = $10,173
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $811
3.0% $827
4.0% $844
5.0% $860
6.0% $877
7.0% $895
8.0% $912
9.0% $930
10.0% $948
Payments by Amount Down
Down Monthly Payment
$0 $1,060
$2,000 $1,014
$5,000 $946
$8,000 $878
$10,000 $833
$15,000 $719
Payments by Loan Length
Length Payment
24 months $1,627
36 months $1,107
48 months $848
60 months $692
72 months $589
84 months $515

Can I afford a $46,700 car?

Is your salary enough to buy a $46,700 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 $46,700 vehicle, this would mean saving up $9,340.
  • 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 $46,700, you would need to make at least $116,750 per year.