$49,900 Car Loan

What's the monthly payment on a $49,900 car?
$
$
%
Monthly payment = $906
Total yearly payments = $10,870
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $866
3.0% $884
4.0% $901
5.0% $919
6.0% $938
7.0% $956
8.0% $975
9.0% $993
10.0% $1,012
Payments by Amount Down
Down Monthly Payment
$0 $1,132
$2,000 $1,087
$5,000 $1,019
$8,000 $951
$10,000 $905
$15,000 $792
Payments by Loan Length
Length Payment
24 months $1,738
36 months $1,183
48 months $906
60 months $740
72 months $629
84 months $550

Can I afford a $49,900 car?

Is your salary enough to buy a $49,900 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 $49,900 vehicle, this would mean saving up $9,980.
  • 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 $49,900, you would need to make at least $124,750 per year.