$51,700 Car Loan

What's the monthly payment on a $51,700 car?
$
$
%
Monthly payment = $939
Total yearly payments = $11,262
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $897
3.0% $915
4.0% $934
5.0% $952
6.0% $971
7.0% $990
8.0% $1,010
9.0% $1,029
10.0% $1,049
Payments by Amount Down
Down Monthly Payment
$0 $1,173
$2,000 $1,128
$5,000 $1,060
$8,000 $992
$10,000 $946
$15,000 $833
Payments by Loan Length
Length Payment
24 months $1,801
36 months $1,226
48 months $939
60 months $766
72 months $652
84 months $570

Can I afford a $51,700 car?

Is your salary enough to buy a $51,700 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 $51,700 vehicle, this would mean saving up $10,340.
  • 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 $51,700, you would need to make at least $129,250 per year.