Asked By: Evan Gray Date: created: Jun 28 2021

How much is a 20k car loan a month

Answered By: Horace Bell Date: created: Jun 28 2021

If the interest is more than the rebate, then take the 0% financing.

For instance, using our loan calculator, if you buy a $20,000 vehicle at 5% APR for 60 months the monthly payment would be $377.42 and you would pay $2,645.48 in interest..

Asked By: Matthew Barnes Date: created: Sep 05 2021

What is the average interest rate on a car loan with a 700 credit score

Answered By: Abraham Davis Date: created: Sep 05 2021

5.07%People with good credit scores of 700–749 average an interest rate of 5.07% for a new car and 5.32% for a used car.

Asked By: Joseph Cooper Date: created: Aug 24 2021

Is 2.9 A good car loan rate

Answered By: Reginald Stewart Date: created: Aug 26 2021

Dealerships will often advertise very good interest rates on new cars: 2.9%, 1.9%, sometimes even 0%. … Buyers with credit scores in the low 700s can still get a good interest rate but may not qualify for the best promotions. After that, rates rise quickly.

Asked By: Carl Patterson Date: created: Oct 11 2021

How much does it cost to finance a 40 000 car

Answered By: Henry Peterson Date: created: Oct 14 2021

$40,000 Car Loan. Calculate the Monthly Payment.Monthly Payment$943.99Total Interest Paid$5,311.65Total Paid$45,311.65

Asked By: Cole Rogers Date: created: May 16 2022

What is the monthly payment on a 25000 car loan

Answered By: Aaron Flores Date: created: May 17 2022

Your new loan amount would be $25,000, your monthly payment would be $452, and you’d pay $2,113 in total interest charges.

Asked By: Patrick Gonzales Date: created: Jun 01 2021

What is a good monthly car payment

Answered By: Louis Torres Date: created: Jun 02 2021

The average monthly car loan payment in the U.S. was $530 for new vehicles and $381 for used ones originated in the third quarter of 2018, according to credit reporting agency Experian. The average lease payment was $430.

Asked By: Jeremiah Carter Date: created: Mar 26 2022

Is a 72 month car loan bad

Answered By: Hayden Cook Date: created: Mar 26 2022

Auto loans over 60 months are not the best way to finance a car because, for one thing, they carry higher car loan interest rates. … Experian reveals that 42.1% of used-car shoppers are taking 61- to 72-month loans while 20% go even longer, financing between 73 and 84 months.

Asked By: Norman Perez Date: created: Jul 06 2021

How much would a $10 000 car payment be

Answered By: Charles Kelly Date: created: Jul 08 2021

How much are the monthly payments for a $10,000 car loan?Rate1 Year Loan (12 months)5 Year Loan (60 months)0.90%837.40170.510.95%837.63170.721.00%837.85170.941.05%838.08171.1557 more rows

Asked By: Kevin Alexander Date: created: Jul 13 2021

How much should I put down on a 30k car

Answered By: Samuel Rivera Date: created: Jul 15 2021

As a general rule, aim for no less than 20% down, particularly for new cars — and no less than 10% down for used cars — so that you don’t end up paying too much in interest and financing costs. Benefits of making a down payment can include a lower monthly payment and less interest paid over the life of the loan.

Asked By: Jaden Hayes Date: created: May 22 2021

How much would a 35000 car cost a month

Answered By: Donald Edwards Date: created: May 25 2021

$35,000 Car Loan. Calculate the Monthly Payment.Monthly Payment$825.99Total Interest Paid$4,647.70Total Paid$39,647.70

Asked By: Sebastian Wood Date: created: Apr 15 2021

How much are payments on a 45000 car

Answered By: Joshua Jackson Date: created: Apr 16 2021

$45,000 Car Loan. Calculate the Monthly Payment.Monthly Payment$1,061.99Total Interest Paid$5,975.61Total Paid$50,975.61

Asked By: Douglas Bryant Date: created: Jun 29 2021

How much would a 50k loan cost

Answered By: Adam Cook Date: created: Jun 30 2021

15 Year $50,000 Mortgage LoanLoan Amount2.50%5.50%$50,000$333.39$408.54$50,050$333.73$408.95$50,100$334.06$409.36$50,150$334.39$409.7716 more rows

Asked By: Cyrus Moore Date: created: Sep 30 2021

What is the monthly payment on a $30000 loan

Answered By: Miguel Russell Date: created: Oct 03 2021

For example, the total interest on a $30,000, 60-month loan at 4% would be $3,150. So, your monthly payment would be $552.50 ($30,000 + $3,150 ÷ 60 = $552.50).

Asked By: Isaac Richardson Date: created: Sep 02 2021

Is 450 a month a lot for a car payment

Answered By: Seth Kelly Date: created: Sep 04 2021

450 / mo nets to around 15% of your take home pay, which is too much for a car. … Bad idea to buy a new car. Always a bad idea. If the car was 2 years or less, I would sell it back, and then get a cheaper car, that is more reliable.

Asked By: Raymond James Date: created: Feb 21 2021

How much should I spend on a car if I make 60000

Answered By: William Adams Date: created: Feb 24 2021

Some financial experts recommend setting your car-buying budget at half of your annual salary. If you look at the previous example of making $5,000 monthly, that will equate to an annual salary of $60,000. Half of that is $30,000. According to this rule, you can spend up to $30,000 on your upcoming car purchase.

Asked By: Roger Smith Date: created: Jan 03 2022

How much do I need to make to afford a 70k car

Answered By: Norman Clark Date: created: Jan 05 2022

$175,000 per yearDon’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 $70,000, you would need to make at least $175,000 per year.

Asked By: Jordan Wilson Date: created: Apr 16 2022

What is a reasonable car payment

Answered By: Herbert Brooks Date: created: Apr 16 2022

Many financial experts recommend keeping total car costs below 15% to 20% of your take-home pay. … For example, if your monthly paycheck is $3,000, your car payment would be about $300 and you’d plan on spending another $150 on automotive expenses.

Asked By: Ashton Bailey Date: created: Apr 15 2021

What are payments on 50000 car

Answered By: Jeffery Henderson Date: created: Apr 18 2021

$50,000 Car Loan. Calculate the Monthly Payment.Monthly Payment$1,179.99Total Interest Paid$6,639.57Total Paid$56,639.57

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