Payment on $50,000 by rate and term
Financing $45,000 after a 10% deposit of $5,000. Your rate depends on your credit, and it matters more than most buyers expect.
| Rate | 4 years | 5 years | 6 years |
|---|---|---|---|
| 4% | $1,016.06 | $828.74 | $704.03 |
| 5.5% | $1,046.54 | $859.55 | $735.20 |
| 7.2% | $1,081.76 | $895.31 | $771.53 |
| 9% | $1,119.83 | $934.13 | $811.15 |
| 11% | $1,163.05 | $978.41 | $856.53 |
| 14% | $1,229.69 | $1,047.07 | $927.26 |
How the deposit changes it
| Down payment | Financed | Monthly | Total interest |
|---|---|---|---|
| 0% ($0) | $50,000 | $994.78 | $9,687 |
| 10% ($5,000) | $45,000 | $895.31 | $8,718 |
| 20% ($10,000) | $40,000 | $795.83 | $7,750 |
At 7.2% over 5 years, before sales tax.
Frequently asked questions
What is the monthly payment on a $50,000 car?
About $895.31 a month with 10% down at 7.2% over 5 years, financing $45,000. Total interest is $8,718.
How much do I need to put down on a $50,000 car?
Nothing is required, but every dollar down reduces the payment. With no deposit the payment is $994.78; at 20% down ($10,000) it falls to $795.83 and saves $1,937 in interest.
What credit score do I need for a $50,000 car loan?
Lenders price by risk rather than refusing outright. The rate grid on this page shows what that costs: at 4% the payment is $828.74 over 5 years, and at 14% it is $1,047.07 for exactly the same car.
Other car prices
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