If you take out a $35, new auto loan for a month term at % interest, then your monthly payment will be $ Although your monthly payments won't. Thats way less than a car payment. Upvote 7. Downvote Reply reply However, if you are making under 70K, a 50K car is probably a bad idea. What is the monthly payment on a car loan of $50, for 6 years? ; Rate, 6 Year Loan (72 months) ; 50, at % For 6 Years, $ per month ; 50, at %. It was a splurge, but I don't have any other debts and the car I traded in was fully paid off so my loan wasn't too much. Also have dual incomes. This question is not specific enough. Interest rate? How much down? Loan term? Credit? Etc Generally speaking, plan to usually pay at least.
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How To Pay Off TWO 5-Year Auto Loans Worth 50,000... In Less Than TWO YEARS!