$52,500 Car Loan

What's the monthly payment on a $52,500 car?
$
$
%
Monthly payment = $953
Total yearly payments = $11,436
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $911
3.0% $930
4.0% $948
5.0% $967
6.0% $986
7.0% $1,006
8.0% $1,025
9.0% $1,045
10.0% $1,065
Payments by Amount Down
Down Monthly Payment
$0 $1,191
$2,000 $1,146
$5,000 $1,078
$8,000 $1,010
$10,000 $964
$15,000 $851
Payments by Loan Length
Length Payment
24 months $1,829
36 months $1,245
48 months $953
60 months $778
72 months $662
84 months $579

Can I afford a $52,500 car?

Is your salary enough to buy a $52,500 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 $52,500 vehicle, this would mean saving up $10,500.
  • 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 $52,500, you would need to make at least $131,250 per year.