How much are the payments on a $45,000 Car?

Q: How much are the payments on a $45,000 Car?

The monthly car payments on a 45,000 dollar car loan range from $761.77 to $1,269.72. 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.

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 $761.77 to $1,269.72. 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	5.08%	$761.77	$0	+ Expand Car Loan Details
Good Credit	661-780	75	6.7%	$799.20	$0	+ Expand Car Loan Details
Fair Credit	601-660	72	9.73%	$898.59	$0	+ Expand Car Loan Details
Poor Credit	501-600	72	13%	$980.88	$0	+ Expand Car Loan Details
Bad Credit	300-500	72	15.43%	$1044.66	$0	+ Expand Car Loan Details

Item	Amount
Target Deal Price⁽¹⁾	$45,000.00
Avg. Dealer Doc Fee	312.00
National Sales Tax (7.25%)	3,285.12
Avg. DMV Fee	266.00
Cash Sale Price	$48,863.12
Trade-In Value	$0.00
Less Payoff	0.00
Net Trade Allowance	$0.00
Cash Down Payment⁽²⁾	0.00
Factory Rebate Incentive	0.00
Total Down Payment	$0.00
Total Loan Amount	$48,863.12
Interest Rate (APR)⁽³⁾	5.08%
Term / Months⁽³⁾	75
Auto Loan Payment	$761.77

(1) Calculations are based on the target price of $45,000.00. Actual price set by dealer.

(2) Down payment is based the greater of customer input or the amount needed not to exceed the Loan to Value of 130%.

(3) Interest rate of 5.08% and term are based on the national average for a Credit Score Range from 781-850. Actual interest rate and term set by lender.

Item	Amount
Target Deal Price⁽¹⁾	$45,000.00
Avg. Dealer Doc Fee	312.00
National Sales Tax (7.25%)	3,285.12
Avg. DMV Fee	266.00
Cash Sale Price	$48,863.12
Trade-In Value	$0.00
Less Payoff	0.00
Net Trade Allowance	$0.00
Cash Down Payment⁽²⁾	0.00
Factory Rebate Incentive	0.00
Total Down Payment	$0.00
Total Loan Amount	$48,863.12
Interest Rate (APR)⁽³⁾	6.7%
Term / Months⁽³⁾	75
Auto Loan Payment	$799.20

(1) Calculations are based on the target price of $45,000.00. Actual price set by dealer.

(2) Down payment is based the greater of customer input or the amount needed not to exceed the Loan to Value of 125%.

(3) Interest rate of 6.7% and term are based on the national average for a Credit Score Range from 661-780. Actual interest rate and term set by lender.

Item	Amount
Target Deal Price⁽¹⁾	$45,000.00
Avg. Dealer Doc Fee	312.00
National Sales Tax (7.25%)	3,285.12
Avg. DMV Fee	266.00
Cash Sale Price	$48,863.12
Trade-In Value	$0.00
Less Payoff	0.00
Net Trade Allowance	$0.00
Cash Down Payment⁽²⁾	0.00
Factory Rebate Incentive	0.00
Total Down Payment	$0.00
Total Loan Amount	$48,863.12
Interest Rate (APR)⁽³⁾	9.73%
Term / Months⁽³⁾	72
Auto Loan Payment	$898.59

(1) Calculations are based on the target price of $45,000.00. Actual price set by dealer.

(2) Down payment is based the greater of customer input or the amount needed not to exceed the Loan to Value of 120%.

(3) Interest rate of 9.73% and term are based on the national average for a Credit Score Range from 601-660. Actual interest rate and term set by lender.

Item	Amount
Target Deal Price⁽¹⁾	$45,000.00
Avg. Dealer Doc Fee	312.00
National Sales Tax (7.25%)	3,285.12
Avg. DMV Fee	266.00
Cash Sale Price	$48,863.12
Trade-In Value	$0.00
Less Payoff	0.00
Net Trade Allowance	$0.00
Cash Down Payment⁽²⁾	0.00
Factory Rebate Incentive	0.00
Total Down Payment	$0.00
Total Loan Amount	$48,863.12
Interest Rate (APR)⁽³⁾	13%
Term / Months⁽³⁾	72
Auto Loan Payment	$980.88

(1) Calculations are based on the target price of $45,000.00. Actual price set by dealer.

(2) Down payment is based the greater of customer input or the amount needed not to exceed the Loan to Value of 115%.

(3) Interest rate of 13% and term are based on the national average for a Credit Score Range from 501-600. Actual interest rate and term set by lender.

Item	Amount
Target Deal Price⁽¹⁾	$45,000.00
Avg. Dealer Doc Fee	312.00
National Sales Tax (7.25%)	3,285.12
Avg. DMV Fee	266.00
Cash Sale Price	$48,863.12
Trade-In Value	$0.00
Less Payoff	0.00
Net Trade Allowance	$0.00
Cash Down Payment⁽²⁾	0.00
Factory Rebate Incentive	0.00
Total Down Payment	$0.00
Total Loan Amount	$48,863.12
Interest Rate (APR)⁽³⁾	15.43%
Term / Months⁽³⁾	72
Auto Loan Payment	$1044.66

(1) Calculations are based on the target price of $45,000.00. Actual price set by dealer.

(2) Down payment is based the greater of customer input or the amount needed not to exceed the Loan to Value of 110%.

(3) Interest rate of 15.43% and term are based on the national average for a Credit Score Range from 300-500. Actual interest rate and term set by lender.

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	7.41%	$842.72	$0	+ Expand Car Loan Details
Good Credit	661-780	72	9.63%	$896.14	$0	+ Expand Car Loan Details
Fair Credit	601-660	72	14.07%	$1008.69	$0	+ Expand Car Loan Details
Poor Credit	501-600	72	18.95%	$1140.86	$0	+ Expand Car Loan Details
Bad Credit	300-500	66	21.55%	$1269.72	$0	+ Expand Car Loan Details

*Source: Experian Q3 2023

Item	Amount
Target Deal Price⁽¹⁾	$45,000.00
Avg. Dealer Doc Fee	312.00
National Sales Tax (7.25%)	3,285.12
Avg. DMV Fee	266.00
Cash Sale Price	$48,863.12
Trade-In Value	$0.00
Less Payoff	0.00
Net Trade Allowance	$0.00
Cash Down Payment⁽²⁾	0.00
Factory Rebate Incentive	0.00
Total Down Payment	$0.00
Total Loan Amount	$48,863.12
Interest Rate (APR)⁽³⁾	15.43%
Term / Months⁽³⁾	72
Auto Loan Payment	$842.72

(1) Calculations are based on the target price of $45,000.00. Actual price set by dealer.

(2) Down payment is based the greater of customer input or the amount needed not to exceed the Loan to Value of 130%.

(3) Interest rate of 15.43% and term are based on the national average for a Credit Score Range from 781-850. Actual interest rate and term set by lender.

Item	Amount
Target Deal Price⁽¹⁾	$45,000.00
Avg. Dealer Doc Fee	312.00
National Sales Tax (7.25%)	3,285.12
Avg. DMV Fee	266.00
Cash Sale Price	$48,863.12
Trade-In Value	$0.00
Less Payoff	0.00
Net Trade Allowance	$0.00
Cash Down Payment⁽²⁾	0.00
Factory Rebate Incentive	0.00
Total Down Payment	$0.00
Total Loan Amount	$48,863.12
Interest Rate (APR)⁽³⁾	15.43%
Term / Months⁽³⁾	72
Auto Loan Payment	$896.14

(1) Calculations are based on the target price of $45,000.00. Actual price set by dealer.

(2) Down payment is based the greater of customer input or the amount needed not to exceed the Loan to Value of 125%.

(3) Interest rate of 15.43% and term are based on the national average for a Credit Score Range from 661-780. Actual interest rate and term set by lender.

Item	Amount
Target Deal Price⁽¹⁾	$45,000.00
Avg. Dealer Doc Fee	312.00
National Sales Tax (7.25%)	3,285.12
Avg. DMV Fee	266.00
Cash Sale Price	$48,863.12
Trade-In Value	$0.00
Less Payoff	0.00
Net Trade Allowance	$0.00
Cash Down Payment⁽²⁾	0.00
Factory Rebate Incentive	0.00
Total Down Payment	$0.00
Total Loan Amount	$48,863.12
Interest Rate (APR)⁽³⁾	15.43%
Term / Months⁽³⁾	72
Auto Loan Payment	$1008.69

(1) Calculations are based on the target price of $45,000.00. Actual price set by dealer.

(2) Down payment is based the greater of customer input or the amount needed not to exceed the Loan to Value of 120%.

(3) Interest rate of 15.43% and term are based on the national average for a Credit Score Range from 601-660. Actual interest rate and term set by lender.

Item	Amount
Target Deal Price⁽¹⁾	$45,000.00
Avg. Dealer Doc Fee	312.00
National Sales Tax (7.25%)	3,285.12
Avg. DMV Fee	266.00
Cash Sale Price	$48,863.12
Trade-In Value	$0.00
Less Payoff	0.00
Net Trade Allowance	$0.00
Cash Down Payment⁽²⁾	0.00
Factory Rebate Incentive	0.00
Total Down Payment	$0.00
Total Loan Amount	$48,863.12
Interest Rate (APR)⁽³⁾	15.43%
Term / Months⁽³⁾	72
Auto Loan Payment	$1140.86

(1) Calculations are based on the target price of $45,000.00. Actual price set by dealer.

(2) Down payment is based the greater of customer input or the amount needed not to exceed the Loan to Value of 115%.

(3) Interest rate of 15.43% and term are based on the national average for a Credit Score Range from 501-600. Actual interest rate and term set by lender.

Item	Amount
Target Deal Price⁽¹⁾	$45,000.00
Avg. Dealer Doc Fee	312.00
National Sales Tax (7.25%)	3,285.12
Avg. DMV Fee	266.00
Cash Sale Price	$48,863.12
Trade-In Value	$0.00
Less Payoff	0.00
Net Trade Allowance	$0.00
Cash Down Payment⁽²⁾	0.00
Factory Rebate Incentive	0.00
Total Down Payment	$0.00
Total Loan Amount	$48,863.12
Interest Rate (APR)⁽³⁾	15.43%
Term / Months⁽³⁾	72
Auto Loan Payment	$1269.72

(1) Calculations are based on the target price of $45,000.00. Actual price set by dealer.

(2) Down payment is based the greater of customer input or the amount needed not to exceed the Loan to Value of 110%.

(3) Interest rate of 15.43% and term are based on the national average for a Credit Score Range from 300-500. Actual interest rate and term set by lender.