$49,500 Car Loan

What's the monthly payment on a $49,500 car?
$
$
%
Monthly payment = $899
Total yearly payments = $10,783
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $859
3.0% $877
4.0% $894
5.0% $912
6.0% $930
7.0% $948
8.0% $967
9.0% $985
10.0% $1,004
Payments by Amount Down
Down Monthly Payment
$0 $1,123
$2,000 $1,078
$5,000 $1,010
$8,000 $942
$10,000 $896
$15,000 $783
Payments by Loan Length
Length Payment
24 months $1,724
36 months $1,174
48 months $899
60 months $734
72 months $624
84 months $546

Can I afford a $49,500 car?

Is your salary enough to buy a $49,500 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 $49,500 vehicle, this would mean saving up $9,900.
  • 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 $49,500, you would need to make at least $123,750 per year.