$49,000 Car Loan

What's the monthly payment on a $49,000 car?
$
$
%
Monthly payment = $889
Total yearly payments = $10,674
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $850
3.0% $868
4.0% $885
5.0% $903
6.0% $921
7.0% $939
8.0% $957
9.0% $975
10.0% $994
Payments by Amount Down
Down Monthly Payment
$0 $1,112
$2,000 $1,066
$5,000 $998
$8,000 $930
$10,000 $885
$15,000 $771
Payments by Loan Length
Length Payment
24 months $1,707
36 months $1,162
48 months $889
60 months $726
72 months $618
84 months $540

Can I afford a $49,000 car?

Is your salary enough to buy a $49,000 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 $49,000 vehicle, this would mean saving up $9,800.
  • 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 $49,000, you would need to make at least $122,500 per year.