$64,000 Car Loan

What's the monthly payment on a $64,000 car?
$
$
%
Monthly payment = $1,162
Total yearly payments = $13,941
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,111
3.0% $1,133
4.0% $1,156
5.0% $1,179
6.0% $1,202
7.0% $1,226
8.0% $1,250
9.0% $1,274
10.0% $1,299
Payments by Amount Down
Down Monthly Payment
$0 $1,452
$2,000 $1,407
$5,000 $1,339
$8,000 $1,271
$10,000 $1,225
$15,000 $1,112
Payments by Loan Length
Length Payment
24 months $2,229
36 months $1,517
48 months $1,162
60 months $949
72 months $807
84 months $706

Can I afford a $64,000 car?

Is your salary enough to buy a $64,000 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 $64,000 vehicle, this would mean saving up $12,800.
  • 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 $64,000, you would need to make at least $160,000 per year.