$52,400 Car Loan

What's the monthly payment on a $52,400 car?
$
$
%
Monthly payment = $951
Total yearly payments = $11,415
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $909
3.0% $928
4.0% $947
5.0% $965
6.0% $984
7.0% $1,004
8.0% $1,023
9.0% $1,043
10.0% $1,063
Payments by Amount Down
Down Monthly Payment
$0 $1,189
$2,000 $1,144
$5,000 $1,076
$8,000 $1,007
$10,000 $962
$15,000 $849
Payments by Loan Length
Length Payment
24 months $1,825
36 months $1,242
48 months $951
60 months $777
72 months $661
84 months $578

Can I afford a $52,400 car?

Is your salary enough to buy a $52,400 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 $52,400 vehicle, this would mean saving up $10,480.
  • 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 $52,400, you would need to make at least $131,000 per year.