$47,900 Car Loan

What's the monthly payment on a $47,900 car?
$
$
%
Monthly payment = $870
Total yearly payments = $10,434
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $831
3.0% $848
4.0% $865
5.0% $882
6.0% $900
7.0% $918
8.0% $936
9.0% $954
10.0% $972
Payments by Amount Down
Down Monthly Payment
$0 $1,087
$2,000 $1,042
$5,000 $973
$8,000 $905
$10,000 $860
$15,000 $747
Payments by Loan Length
Length Payment
24 months $1,668
36 months $1,136
48 months $870
60 months $710
72 months $604
84 months $528

Can I afford a $47,900 car?

Is your salary enough to buy a $47,900 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 $47,900 vehicle, this would mean saving up $9,580.
  • 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 $47,900, you would need to make at least $119,750 per year.