$49,200 Car Loan

What's the monthly payment on a $49,200 car?
$
$
%
Monthly payment = $893
Total yearly payments = $10,717
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $854
3.0% $871
4.0% $889
5.0% $906
6.0% $924
7.0% $943
8.0% $961
9.0% $979
10.0% $998
Payments by Amount Down
Down Monthly Payment
$0 $1,116
$2,000 $1,071
$5,000 $1,003
$8,000 $935
$10,000 $889
$15,000 $776
Payments by Loan Length
Length Payment
24 months $1,714
36 months $1,166
48 months $893
60 months $729
72 months $620
84 months $543

Can I afford a $49,200 car?

Is your salary enough to buy a $49,200 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 $49,200 vehicle, this would mean saving up $9,840.
  • 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 $49,200, you would need to make at least $123,000 per year.