$63,700 Car Loan

What's the monthly payment on a $63,700 car?
$
$
%
Monthly payment = $1,156
Total yearly payments = $13,876
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,106
3.0% $1,128
4.0% $1,151
5.0% $1,174
6.0% $1,197
7.0% $1,220
8.0% $1,244
9.0% $1,268
10.0% $1,292
Payments by Amount Down
Down Monthly Payment
$0 $1,445
$2,000 $1,400
$5,000 $1,332
$8,000 $1,264
$10,000 $1,219
$15,000 $1,105
Payments by Loan Length
Length Payment
24 months $2,219
36 months $1,510
48 months $1,156
60 months $944
72 months $803
84 months $702

Can I afford a $63,700 car?

Is your salary enough to buy a $63,700 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 $63,700 vehicle, this would mean saving up $12,740.
  • 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 $63,700, you would need to make at least $159,250 per year.