$64,100 Car Loan

What's the monthly payment on a $64,100 car?
$
$
%
Monthly payment = $1,164
Total yearly payments = $13,963
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,113
3.0% $1,135
4.0% $1,158
5.0% $1,181
6.0% $1,204
7.0% $1,228
8.0% $1,252
9.0% $1,276
10.0% $1,301
Payments by Amount Down
Down Monthly Payment
$0 $1,454
$2,000 $1,409
$5,000 $1,341
$8,000 $1,273
$10,000 $1,228
$15,000 $1,114
Payments by Loan Length
Length Payment
24 months $2,233
36 months $1,520
48 months $1,164
60 months $950
72 months $808
84 months $707

Can I afford a $64,100 car?

Is your salary enough to buy a $64,100 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 $64,100 vehicle, this would mean saving up $12,820.
  • 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 $64,100, you would need to make at least $160,250 per year.