$49,400 Car Loan

What's the monthly payment on a $49,400 car?
$
$
%
Monthly payment = $897
Total yearly payments = $10,761
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $857
3.0% $875
4.0% $892
5.0% $910
6.0% $928
7.0% $946
8.0% $965
9.0% $983
10.0% $1,002
Payments by Amount Down
Down Monthly Payment
$0 $1,121
$2,000 $1,076
$5,000 $1,007
$8,000 $939
$10,000 $894
$15,000 $781
Payments by Loan Length
Length Payment
24 months $1,721
36 months $1,171
48 months $897
60 months $732
72 months $623
84 months $545

Can I afford a $49,400 car?

Is your salary enough to buy a $49,400 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 $49,400 vehicle, this would mean saving up $9,880.
  • 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 $49,400, you would need to make at least $123,500 per year.