$57,300 Car Loan

What's the monthly payment on a $57,300 car?
$
$
%
Monthly payment = $1,040
Total yearly payments = $12,482
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $995
3.0% $1,015
4.0% $1,035
5.0% $1,056
6.0% $1,077
7.0% $1,098
8.0% $1,119
9.0% $1,141
10.0% $1,163
Payments by Amount Down
Down Monthly Payment
$0 $1,300
$2,000 $1,255
$5,000 $1,187
$8,000 $1,119
$10,000 $1,073
$15,000 $960
Payments by Loan Length
Length Payment
24 months $1,996
36 months $1,358
48 months $1,040
60 months $849
72 months $722
84 months $632

Can I afford a $57,300 car?

Is your salary enough to buy a $57,300 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 $57,300 vehicle, this would mean saving up $11,460.
  • 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 $57,300, you would need to make at least $143,250 per year.