What are the Payments on a $45,000 Car?

How Much are Payments on a $45,000 Car?

The car payments on a 45,000 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 $45K car loan range from $773.89 to $1,259.28. 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 $45,000 car are based on the out the door price of $48,863.12 which includes average sales tax, DMV fees, Dealer fees, as well as a $0 down payment.

TOTAL COST OF A $45,000 CAR
Car Price $45,000.00
Avg. Dealer Doc Fee 312.00
National Sales Tax (7.25%) 3,285.12
Avg. DMV Fee 266.00
Out the Door Price $48,863.12

What are Car Payments on a $45,000 New Car?

With a lower credit score the interest rate increases and the term decreases. For that reason payments on a 45,000 dollar new car loan increase as the credit score decreases. Displayed monthly payments are based on the Out the Door Price of $48,863.12, $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% $773.89 $0 + Expand Car Loan Details
Good Credit 661-780 75 6.88% $803.43 $0 + Expand Car Loan Details
Fair Credit 601-660 72 9.29% $887.83 $0 + Expand Car Loan Details
Poor Credit 501-600 72 11.86% $951.73 $0 + Expand Car Loan Details
Bad Credit 300-500 72 14.17% $1011.31 $0 + Expand Car Loan Details

What are Car Payments on a $45,000 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 45,000 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% $843.19 $0 + Expand Car Loan Details
Good Credit 661-780 72 9.33% $888.81 $0 + Expand Car Loan Details
Fair Credit 601-660 72 13.53% $994.60 $0 + Expand Car Loan Details
Poor Credit 501-600 72 18.39% $1125.26 $0 + Expand Car Loan Details
Bad Credit 300-500 66 21.18% $1259.28 $0 + Expand Car Loan Details
*Source: Experian Q3 2023

Top New Cars Under $45,000

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.

2023 Ford F-150 XL 4x4 Regular Cab 6.5 Foot Box
2023 Ford F-150 XL 4WD Reg Cab 6.5' Box
2024 Toyota 4Runner TRD Sport 2WD
2024 Toyota 4Runner TRD Sport 2WD
2023 Chevrolet Silverado 1500 4x4 Double Cab Short Bed Work Truck
2023 Chevrolet Silverado 1500 4WD Double Cab 147 Work Truck
2024 Chevrolet Colorado 4x4 Crew Cab Z71
2024 Chevrolet Colorado 4WD Crew Cab Z71
2024 Toyota Tacoma 2WD TRD Sport Double Cab 5 Foot Bed AT
2024 Toyota Tacoma 2WD TRD Sport Double Cab 5' Bed AT

Car Payments for Other Prices: