What are the Payments on a $30,000 Car?

How Much are Payments on a $30,000 Car?

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

What are Car Payments on a $30,000 New Car?

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

What are Car Payments on a $30,000 Used Car

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
*Source: Experian Q3 2023

Top New Cars Under $30,000

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.

2024 Chevrolet Trailblazer AWD 4 Door LT
2024 Chevrolet Trailblazer AWD 4dr LT
2023 Chevrolet Malibu 4 Door Sedan LS with 1LS
2023 Chevrolet Malibu 4dr Sdn LS w/1LS
2024 Toyota Corolla Hybrid Nightshade Edition AWD
2024 Toyota Corolla Hybrid Nightshade Edition AWD
2024 Honda HR-V Sport AWD CVT
2024 Honda HR-V Sport AWD CVT
2023 Nissan Rogue Front Wheel Drive S
2023 Nissan Rogue FWD S

Car Payments for Other Prices: