$49,600 Car Loan

What's the monthly payment on a $49,600 car?
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%
Monthly payment = $900
Total yearly payments = $10,805
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $861
3.0% $878
4.0% $896
5.0% $914
6.0% $932
7.0% $950
8.0% $969
9.0% $987
10.0% $1,006
Payments by Amount Down
Down Monthly Payment
$0 $1,125
$2,000 $1,080
$5,000 $1,012
$8,000 $944
$10,000 $899
$15,000 $785
Payments by Loan Length
Length Payment
24 months $1,728
36 months $1,176
48 months $900
60 months $735
72 months $625
84 months $547

Can I afford a $49,600 car?

Is your salary enough to buy a $49,600 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 $49,600 vehicle, this would mean saving up $9,920.
  • 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 $49,600, you would need to make at least $124,000 per year.