$47,200 Car Loan

What's the monthly payment on a $47,200 car?
$
$
%
Monthly payment = $857
Total yearly payments = $10,282
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $819
3.0% $836
4.0% $853
5.0% $870
6.0% $887
7.0% $904
8.0% $922
9.0% $940
10.0% $958
Payments by Amount Down
Down Monthly Payment
$0 $1,071
$2,000 $1,026
$5,000 $958
$8,000 $889
$10,000 $844
$15,000 $731
Payments by Loan Length
Length Payment
24 months $1,644
36 months $1,119
48 months $857
60 months $700
72 months $595
84 months $520

Can I afford a $47,200 car?

Is your salary enough to buy a $47,200 vehicle? A general rule of thumb for buying a car or truck is the 20 / 4 / 10 rule.

  • Make a down payment of at least 20% cash. For a $47,200 vehicle, this would mean saving up $9,440.
  • Pay back the loan in 4 years or less.
  • Don't spend more than 10% of your income on payments and insurance. Rough estimate: your annual income should be at least 2.5 times the purchase price. So to afford a car that costs $47,200, you would need to make at least $118,000 per year.