$52,300 Car Loan

What's the monthly payment on a $52,300 car?
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$
%
Monthly payment = $949
Total yearly payments = $11,393
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $908
3.0% $926
4.0% $945
5.0% $964
6.0% $983
7.0% $1,002
8.0% $1,021
9.0% $1,041
10.0% $1,061
Payments by Amount Down
Down Monthly Payment
$0 $1,187
$2,000 $1,141
$5,000 $1,073
$8,000 $1,005
$10,000 $960
$15,000 $846
Payments by Loan Length
Length Payment
24 months $1,822
36 months $1,240
48 months $949
60 months $775
72 months $659
84 months $577

Can I afford a $52,300 car?

Is your salary enough to buy a $52,300 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 $52,300 vehicle, this would mean saving up $10,460.
  • 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 $52,300, you would need to make at least $130,750 per year.