$46,900 Car Loan

What's the monthly payment on a $46,900 car?
$
$
%
Monthly payment = $851
Total yearly payments = $10,216
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $814
3.0% $830
4.0% $847
5.0% $864
6.0% $881
7.0% $898
8.0% $916
9.0% $934
10.0% $952
Payments by Amount Down
Down Monthly Payment
$0 $1,064
$2,000 $1,019
$5,000 $951
$8,000 $883
$10,000 $837
$15,000 $724
Payments by Loan Length
Length Payment
24 months $1,633
36 months $1,112
48 months $851
60 months $695
72 months $591
84 months $517

Can I afford a $46,900 car?

Is your salary enough to buy a $46,900 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 $46,900 vehicle, this would mean saving up $9,380.
  • 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 $46,900, you would need to make at least $117,250 per year.