The car payments on a 30,000 dollar car loan vary based on the type of vehicle, new versus used, your credit score, and the sales tax rate of your state. The monthly car payments on a $30K car loan range from $519.10 to $844.68. Payments vary based on your credit score, and the sales tax rate of your state, and whether you are financing a new or a used car.
Monthly payments displayed for a $30,000 car are based on the out the door price of $32,775.62 which includes average sales tax, DMV fees, Dealer fees, as well as a $0 down payment.
TOTAL COST OF A $30,000 CAR | |
---|---|
Car Price | $30,000.00 |
Avg. Dealer Doc Fee | 312.00 |
National Sales Tax (7.25%) | 2,197.62 |
Avg. DMV Fee | 266.00 |
Out the Door Price | $32,775.62 |
With a lower credit score the interest rate increases and the term decreases. For that reason payments on a 30,000 dollar new car loan increase as the credit score decreases. Displayed monthly payments are based on the Out the Door Price of $32,775.62, $0 down and the average Q3 2023 interest rate based on credit score.
Credit | Score | Term | Rate* | Payment | Add Cash | Details |
---|---|---|---|---|---|---|
Great Credit | 781-850 | 75 | 5.61% | $519.10 | $0 | + Expand Car Loan Details |
Good Credit | 661-780 | 75 | 6.88% | $538.91 | $0 | + Expand Car Loan Details |
Fair Credit | 601-660 | 72 | 9.29% | $595.53 | $0 | + Expand Car Loan Details |
Poor Credit | 501-600 | 72 | 11.86% | $638.39 | $0 | + Expand Car Loan Details |
Bad Credit | 300-500 | 72 | 14.17% | $678.35 | $0 | + Expand Car Loan Details |
When compared to new car loans, used car loans have a higher interest rate and a shorter paybeck term. For that reason payments on a 30,000 dollar used car loan are higher than the same loan amount for a new car. Displayed monthly payments are based on $0 down and the average Q3 2023 interest rate based on credit score.
Credit | Score | UsedTerm | Rate* | Payment | Add Cash | Details |
---|---|---|---|---|---|---|
Great Credit | 781-850 | 72 | 7.43% | $565.58 | $0 | + Expand Car Loan Details |
Good Credit | 661-780 | 72 | 9.33% | $596.18 | $0 | + Expand Car Loan Details |
Fair Credit | 601-660 | 72 | 13.53% | $667.14 | $0 | + Expand Car Loan Details |
Poor Credit | 501-600 | 72 | 18.39% | $754.78 | $0 | + Expand Car Loan Details |
Bad Credit | 300-500 | 66 | 21.18% | $844.68 | $0 | + Expand Car Loan Details |
Auto loan below are based on a 75 month term, and the national average new car APR of 5.61% for credit scores between 781 and 850.