$52,900 Car Loan

What's the monthly payment on a $52,900 car?
$
$
%
Monthly payment = $960
Total yearly payments = $11,523
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $918
3.0% $937
4.0% $956
5.0% $975
6.0% $994
7.0% $1,013
8.0% $1,033
9.0% $1,053
10.0% $1,073
Payments by Amount Down
Down Monthly Payment
$0 $1,200
$2,000 $1,155
$5,000 $1,087
$8,000 $1,019
$10,000 $973
$15,000 $860
Payments by Loan Length
Length Payment
24 months $1,842
36 months $1,254
48 months $960
60 months $784
72 months $667
84 months $583

Can I afford a $52,900 car?

Is your salary enough to buy a $52,900 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 $52,900 vehicle, this would mean saving up $10,580.
  • 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 $52,900, you would need to make at least $132,250 per year.