$48,100 Car Loan

What's the monthly payment on a $48,100 car?
$
$
%
Monthly payment = $873
Total yearly payments = $10,478
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $835
3.0% $852
4.0% $869
5.0% $886
6.0% $904
7.0% $921
8.0% $939
9.0% $958
10.0% $976
Payments by Amount Down
Down Monthly Payment
$0 $1,091
$2,000 $1,046
$5,000 $978
$8,000 $910
$10,000 $865
$15,000 $751
Payments by Loan Length
Length Payment
24 months $1,675
36 months $1,140
48 months $873
60 months $713
72 months $606
84 months $530

Can I afford a $48,100 car?

Is your salary enough to buy a $48,100 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 $48,100 vehicle, this would mean saving up $9,620.
  • 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 $48,100, you would need to make at least $120,250 per year.