$63,800 Car Loan

What's the monthly payment on a $63,800 car?
$
$
%
Monthly payment = $1,158
Total yearly payments = $13,898
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,107
3.0% $1,130
4.0% $1,152
5.0% $1,175
6.0% $1,199
7.0% $1,222
8.0% $1,246
9.0% $1,270
10.0% $1,295
Payments by Amount Down
Down Monthly Payment
$0 $1,448
$2,000 $1,402
$5,000 $1,334
$8,000 $1,266
$10,000 $1,221
$15,000 $1,107
Payments by Loan Length
Length Payment
24 months $2,222
36 months $1,513
48 months $1,158
60 months $946
72 months $804
84 months $704

Can I afford a $63,800 car?

Is your salary enough to buy a $63,800 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 $63,800 vehicle, this would mean saving up $12,760.
  • 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 $63,800, you would need to make at least $159,500 per year.