$46,800 Car Loan

What's the monthly payment on a $46,800 car?
$
$
%
Monthly payment = $850
Total yearly payments = $10,195
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $812
3.0% $829
4.0% $845
5.0% $862
6.0% $879
7.0% $897
8.0% $914
9.0% $932
10.0% $950
Payments by Amount Down
Down Monthly Payment
$0 $1,062
$2,000 $1,017
$5,000 $948
$8,000 $880
$10,000 $835
$15,000 $722
Payments by Loan Length
Length Payment
24 months $1,630
36 months $1,110
48 months $850
60 months $694
72 months $590
84 months $516

Can I afford a $46,800 car?

Is your salary enough to buy a $46,800 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 $46,800 vehicle, this would mean saving up $9,360.
  • 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 $46,800, you would need to make at least $117,000 per year.