$50,800 Car Loan

What's the monthly payment on a $50,800 car?
$
$
%
Monthly payment = $922
Total yearly payments = $11,066
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $882
3.0% $900
4.0% $918
5.0% $936
6.0% $954
7.0% $973
8.0% $992
9.0% $1,011
10.0% $1,031
Payments by Amount Down
Down Monthly Payment
$0 $1,153
$2,000 $1,107
$5,000 $1,039
$8,000 $971
$10,000 $926
$15,000 $812
Payments by Loan Length
Length Payment
24 months $1,769
36 months $1,204
48 months $922
60 months $753
72 months $640
84 months $560

Can I afford a $50,800 car?

Is your salary enough to buy a $50,800 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 $50,800 vehicle, this would mean saving up $10,160.
  • 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 $50,800, you would need to make at least $127,000 per year.