$50,700 Car Loan

What's the monthly payment on a $50,700 car?
$
$
%
Monthly payment = $920
Total yearly payments = $11,044
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $880
3.0% $898
4.0% $916
5.0% $934
6.0% $953
7.0% $971
8.0% $990
9.0% $1,009
10.0% $1,029
Payments by Amount Down
Down Monthly Payment
$0 $1,150
$2,000 $1,105
$5,000 $1,037
$8,000 $969
$10,000 $924
$15,000 $810
Payments by Loan Length
Length Payment
24 months $1,766
36 months $1,202
48 months $920
60 months $752
72 months $639
84 months $559

Can I afford a $50,700 car?

Is your salary enough to buy a $50,700 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 $50,700 vehicle, this would mean saving up $10,140.
  • 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 $50,700, you would need to make at least $126,750 per year.