| Interest Rate | Monthly Payment |
|---|---|
| 2.0% | $1,088 |
| 3.0% | $1,110 |
| 4.0% | $1,133 |
| 5.0% | $1,155 |
| 6.0% | $1,178 |
| 7.0% | $1,201 |
| 8.0% | $1,225 |
| 9.0% | $1,248 |
| 10.0% | $1,272 |
| Down | Monthly Payment |
|---|---|
| $0 | $1,423 |
| $2,000 | $1,377 |
| $5,000 | $1,309 |
| $8,000 | $1,241 |
| $10,000 | $1,196 |
| $15,000 | $1,082 |
| Length | Payment |
|---|---|
| 24 months | $2,184 |
| 36 months | $1,487 |
| 48 months | $1,138 |
| 60 months | $929 |
| 72 months | $790 |
| 84 months | $691 |
Can I afford a $62,700 car?
Is your salary enough to buy a $62,700 vehicle? A general rule of thumb for buying a car or truck is the 20 / 4 / 10 rule.