$51,000 Car Loan

What's the monthly payment on a $51,000 car?
$
$
%
Monthly payment = $926
Total yearly payments = $11,110
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $885
3.0% $903
4.0% $921
5.0% $940
6.0% $958
7.0% $977
8.0% $996
9.0% $1,015
10.0% $1,035
Payments by Amount Down
Down Monthly Payment
$0 $1,157
$2,000 $1,112
$5,000 $1,044
$8,000 $976
$10,000 $930
$15,000 $817
Payments by Loan Length
Length Payment
24 months $1,776
36 months $1,209
48 months $926
60 months $756
72 months $643
84 months $562

Can I afford a $51,000 car?

Is your salary enough to buy a $51,000 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 $51,000 vehicle, this would mean saving up $10,200.
  • 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 $51,000, you would need to make at least $127,500 per year.