$49,800 Car Loan

What's the monthly payment on a $49,800 car?
$
$
%
Monthly payment = $904
Total yearly payments = $10,848
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $864
3.0% $882
4.0% $900
5.0% $917
6.0% $936
7.0% $954
8.0% $973
9.0% $991
10.0% $1,010
Payments by Amount Down
Down Monthly Payment
$0 $1,130
$2,000 $1,085
$5,000 $1,017
$8,000 $948
$10,000 $903
$15,000 $790
Payments by Loan Length
Length Payment
24 months $1,734
36 months $1,181
48 months $904
60 months $738
72 months $628
84 months $549

Can I afford a $49,800 car?

Is your salary enough to buy a $49,800 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 $49,800 vehicle, this would mean saving up $9,960.
  • 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 $49,800, you would need to make at least $124,500 per year.