$49,100 Car Loan

What's the monthly payment on a $49,100 car?
$
$
%
Monthly payment = $891
Total yearly payments = $10,696
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $852
3.0% $869
4.0% $887
5.0% $905
6.0% $922
7.0% $941
8.0% $959
9.0% $977
10.0% $996
Payments by Amount Down
Down Monthly Payment
$0 $1,114
$2,000 $1,069
$5,000 $1,001
$8,000 $933
$10,000 $887
$15,000 $774
Payments by Loan Length
Length Payment
24 months $1,710
36 months $1,164
48 months $891
60 months $728
72 months $619
84 months $541

Can I afford a $49,100 car?

Is your salary enough to buy a $49,100 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 $49,100 vehicle, this would mean saving up $9,820.
  • 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 $49,100, you would need to make at least $122,750 per year.