$63,300 Car Loan

What's the monthly payment on a $63,300 car?
$
$
%
Monthly payment = $1,149
Total yearly payments = $13,789
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,099
3.0% $1,121
4.0% $1,143
5.0% $1,166
6.0% $1,189
7.0% $1,213
8.0% $1,236
9.0% $1,260
10.0% $1,284
Payments by Amount Down
Down Monthly Payment
$0 $1,436
$2,000 $1,391
$5,000 $1,323
$8,000 $1,255
$10,000 $1,209
$15,000 $1,096
Payments by Loan Length
Length Payment
24 months $2,205
36 months $1,501
48 months $1,149
60 months $938
72 months $798
84 months $698

Can I afford a $63,300 car?

Is your salary enough to buy a $63,300 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 $63,300 vehicle, this would mean saving up $12,660.
  • 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 $63,300, you would need to make at least $158,250 per year.