$52,700 Car Loan

What's the monthly payment on a $52,700 car?
$
$
%
Monthly payment = $957
Total yearly payments = $11,480
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $915
3.0% $933
4.0% $952
5.0% $971
6.0% $990
7.0% $1,010
8.0% $1,029
9.0% $1,049
10.0% $1,069
Payments by Amount Down
Down Monthly Payment
$0 $1,196
$2,000 $1,150
$5,000 $1,082
$8,000 $1,014
$10,000 $969
$15,000 $855
Payments by Loan Length
Length Payment
24 months $1,835
36 months $1,249
48 months $957
60 months $781
72 months $664
84 months $581

Can I afford a $52,700 car?

Is your salary enough to buy a $52,700 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 $52,700 vehicle, this would mean saving up $10,540.
  • 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 $52,700, you would need to make at least $131,750 per year.