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How much is a monthly payment on a 30000 car?

Looking into buy a car? Depending on what price range you're looking, you may be asking yourself 'how much is a monthly payment on a 30000 car?'

Nicholas Hinrichsen - Published: September 7, 2020

The monthly payment on a car depends on the following four things:

  • Out-the-door price of the car
  • Your downpayment
  • Your interest rate
  • The term of your loan


Let's assume the following:

  • $30,000 out-the-door price
  • $0 downpayment
  • 9% interest (that would be a credit score of around 700)
  • 72 months


Your monthly payment for the example above would be: $515.

That said, the above mentioned four parameters can vary widely. Therefore, I recommend you take a look at our auto loan refinance calculator to adjust the parameters for your exact situation.


Haven't explored refinancing yet?
WithClutch.com is a fully digital platform that lets car owners like you do so from the comfort of their own home. No need to set a foot in a bank or credit union. You can lower your rate or get cash in as little as 20 seconds.

Follow three simple steps to refinance your auto loan, get approved in seconds and save thousands in minutes.

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