$49,700 Car Loan

What's the monthly payment on a $49,700 car?
$
$
%
Monthly payment = $902
Total yearly payments = $10,826
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $863
3.0% $880
4.0% $898
5.0% $916
6.0% $934
7.0% $952
8.0% $971
9.0% $989
10.0% $1,008
Payments by Amount Down
Down Monthly Payment
$0 $1,128
$2,000 $1,082
$5,000 $1,014
$8,000 $946
$10,000 $901
$15,000 $787
Payments by Loan Length
Length Payment
24 months $1,731
36 months $1,178
48 months $902
60 months $737
72 months $627
84 months $548

Can I afford a $49,700 car?

Is your salary enough to buy a $49,700 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 $49,700 vehicle, this would mean saving up $9,940.
  • 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 $49,700, you would need to make at least $124,250 per year.