$52,000 Car Loan

What's the monthly payment on a $52,000 car?
$
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%
Monthly payment = $944
Total yearly payments = $11,327
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $903
3.0% $921
4.0% $939
5.0% $958
6.0% $977
7.0% $996
8.0% $1,016
9.0% $1,035
10.0% $1,055
Payments by Amount Down
Down Monthly Payment
$0 $1,180
$2,000 $1,135
$5,000 $1,066
$8,000 $998
$10,000 $953
$15,000 $840
Payments by Loan Length
Length Payment
24 months $1,811
36 months $1,233
48 months $944
60 months $771
72 months $656
84 months $573

Can I afford a $52,000 car?

Is your salary enough to buy a $52,000 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 $52,000 vehicle, this would mean saving up $10,400.
  • 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 $52,000, you would need to make at least $130,000 per year.