$57,700 Car Loan

What's the monthly payment on a $57,700 car?
$
$
%
Monthly payment = $1,047
Total yearly payments = $12,569
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,001
3.0% $1,022
4.0% $1,042
5.0% $1,063
6.0% $1,084
7.0% $1,105
8.0% $1,127
9.0% $1,149
10.0% $1,171
Payments by Amount Down
Down Monthly Payment
$0 $1,309
$2,000 $1,264
$5,000 $1,196
$8,000 $1,128
$10,000 $1,082
$15,000 $969
Payments by Loan Length
Length Payment
24 months $2,010
36 months $1,368
48 months $1,047
60 months $855
72 months $727
84 months $636

Can I afford a $57,700 car?

Is your salary enough to buy a $57,700 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 $57,700 vehicle, this would mean saving up $11,540.
  • 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 $57,700, you would need to make at least $144,250 per year.