$47,300 Car Loan

What's the monthly payment on a $47,300 car?
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$
%
Monthly payment = $859
Total yearly payments = $10,304
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $821
3.0% $838
4.0% $854
5.0% $871
6.0% $889
7.0% $906
8.0% $924
9.0% $942
10.0% $960
Payments by Amount Down
Down Monthly Payment
$0 $1,073
$2,000 $1,028
$5,000 $960
$8,000 $892
$10,000 $846
$15,000 $733
Payments by Loan Length
Length Payment
24 months $1,647
36 months $1,121
48 months $859
60 months $701
72 months $596
84 months $522

Can I afford a $47,300 car?

Is your salary enough to buy a $47,300 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 $47,300 vehicle, this would mean saving up $9,460.
  • 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 $47,300, you would need to make at least $118,250 per year.